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Old 12-10-2011, 03:17 AM  
Paul Markham
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Join Date: Jun 2001
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Who's to blame the most?

A shopaholic goes into a bank and asks for a loan, because he can't spend at the level he likes with his limited income. The banker asks the shopaholic about his incomes and expenditure. It's clear the shopaholic can't repay the loan and banker asks "How do you plan to repay the loan?"

The shopaholic points out he's a member of a much wealthier family who will back his loans, in fact he has a rich uncle who will always bail him out. So the banker loans the money, knowing the rich uncle will repay the debt.


Is the banker to blame for being a banker?

Is the shopaholic to blame for being a shopaholic?

Is the rich uncle to blame for being a fool?

This is the problem here. We had political leaders who were shopaholics. Many like George Brown were spending money they didn't have on projects that would never produce a profit and calling it "Investing". They weren't they were pursuing a dream, a political dogma and bribing voters to re elect them.

Can you blame the bankers for lending the money?

Or George Brown for spending it things that would never show a profit and always require spending?

Or the politicians who kept him in a position where he could spend so far above his level?

Or the voters who kept them in office?

Blaming the bankers is diverting the blame to where it really belongs.

Quote:
When did the "lefties" fuck up?
When they spent more than the businessmen could afford to repay.

It really is that simple. It's great to have wonderful hospitals where everyone has their own room, lots of high paid nurses and doctor. Schools that rival the best private schools with teachers all on 6 figures a year and afterwards everyone can go to the best universities possible. Town Halls are wonderful, with someone in there to look after every aspect of our lives. Unemployed people getting benefits that make them just as comfortable as those who work. Same goes for the less fortunate, like me, a registered invalid. And everything else the "Lefties" dream of, so from cradle to grave they can care for us.

It's a beautiful and wonderful dream. But who pays for it?
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