A good friend of mine sent me this and I wanted to share it. Thank to Tom for the following:

It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit.

Suddenly, a rich tourist comes to town.

He enters the only hotel, lays a 100 Euro note on the reception counter, and goes to inspect the rooms upstairs in order to pick one.

The hotel proprietor takes the 100 Euro note and runs to pay his debt to the butcher.

The Butcher takes the 100 Euro note, and runs to pay his debt to the pig grower.

The pig grower takes the 100 Euro note, and runs to pay his debt to the supplier of his feed and fuel.

The supplier of feed and fuel takes the 100 Euro note and runs to pay his debt to the town’s prostitute that in these hard times, gave her “services” on credit.

The hooker runs to the hotel, and pays off her debt with the 100 Euro note to the hotel proprietor to pay for the rooms that she rented when she brought her clients there.

The hotel proprietor then lays the 100 Euro note back on the counter so that the rich tourist will not suspect anything.

At that moment, the rich tourist comes down after inspecting the rooms, and takes his 100 Euro note, after saying that he did not like any of the rooms, and leaves town.

No one earned anything. However, the whole town is now without debt, and looks to the future with a lot of optimism..

And that, ladies and gentlemen, is how the United States Government is doing business today.

Government bailouts to rescue failing companies who made bad choices has reached record proportions. I have spoken on the constitutional issue of this—there being no constitutional grounds for such bailouts. Few people are considering the moral issue. I know many believe that keeping these companies afloat, bailing out GM, intervention in Chrysler and the money poured into the financial industry are keeping people employed and therefore moral actions. Actually they are theft.

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It is official, General Motors has declared bankruptcy and when restructured the US government will own 60% of the company. Of course General Motors and Barack Obama are defending this saying that it makes a GM vehicle a better choice because your warranty will be backed by the US government. One thing not being brought out is the constitutional ground for such an unprecedented action. There is nothing in the Constitution that permits the US government to invest in any business in this way. Think about it, the largest American auto maker is largely government owned.

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This morning on the radio I heard an announcement that really irked me. Yes, it irked me. The announcer was reporting that gas prices were rising around the country, “but the good news is they are way below where they were a year ago.” Is that now the criteria for good news: things aren’t as bad as they have been. If Bush were still president we would be hearing of how the rich greedy oil companies are strangling our country. The news would be filled with reports of families choosing to do without medicine for their children because of the cost of gas—ringing alarms in gas prices and healthcare. With Barry in the White House there is this overwhelming urge to be nice and see the bright side. With Bush it was assumed that since he was from Texas that he must be permitting high oil prices. Since Obama has never run anything or worked in any industry but government then no one dreams he could effect oil prices. (more…)