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Five Good Things About the Financial Crisis

They Say Every Cloud Has a Silver Lining. Here Are 5 Reasons to Smile While the Economy Sinks Faster Than the Titanic

By Wayne McDonald, published Oct 08, 2008
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They say every cloud has a silver lining. Here are 5 reasons to smile while the economy sinks faster than the Titanic.

1. Our economy may be heading for a major recession but so is everyone else's.

If misery loves company, the American financial community must be multi-orgasmic with joy. Great Britain is being forced to bail out its major lending houses and it's the same with the rest of Europe. The Asian stock markets are heading south just as fast, if not faster, as ours. Care to take a guess how the rest of the world is beginning to see us?

Ever read the book, or see the movie, The Ugly American?

2. We don't have to worry about Barak Obama socializing the national economy.

By way of the billions of dollars in bailout money, the federal government now holds the mortgage on 50% of the housing market and good chunk of the nation's small businesses. Three guesses who will be calling the shots on how to run a business now that they are the landlord!

3. The situation with illegal aliens (or "undocumented immigrants" if you want to be politically correct) is taking care of itself.

As the economy sinks deeper into the quicksand of deficit spending the number of people going back to wherever they came from is increasing.

According to one estimate the number of illegal aliens in the United States decreased by 500,000 last year. If you assume that, with secondary costs such as public services and health care included, it costs the public $200 per month per illegal; that's $1 billion per year that we don't have to spend.

Do the simple math; every 1 million decrease in illegal aliens living in the US equals at least $2 billion in savings.

4. We've proved, beyond any doubt whatsoever, that the Congress of the United States of America is composed of 535 self-serving, power-hungry, pathologic liars that should be on trial for gross incompetence and negligence for letting the situation get this bad to begin with.

Comments
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Silver lining? Gold is where it's at. Let me send you a prospectus on gold investments. I guarantee you'll make enough in gold to buy a mattress to put it in.

Posted on 10/10/2008 at 6:10:29 PM

 
Um...that's only four. Perhaps the 5th is we've finally found what will unite both the Democratic and Republican parties: pork! After all, both Obama and McCain were in favor of the Senate bailout bill with it's $1.1 billion in added earmarks and benefits. Let me be clear about this, my friends. Some of us didn't miss seeing that.

Posted on 10/09/2008 at 9:10:39 PM

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