Posted by Hugh MacKay on February 03, 2009 at 07:38:50 from (216.208.58.161):
In Reply to: Farmall Bailout posted by Mark W. on February 03, 2009 at 05:09:31:
Mark: Just remember this, forty years ago a friend and I were entering a convention center, massive farmers meeting. In the lobby we met a friend of my friend, began a conversation with introductions and quite quickly my friend asked his friend how things were in the sheep industry. The guy shot back, "JUST GREAT, ever since the government forgot we had a sheep industry." Being a dairy farmer, I knew very little about the sheep industry other than 10 years before that our government dumped millions into the sheep industry, even started their own demonstration sheep farm. In the end the whole damn venture was a disaster.
My thoughts today, just maybe the economy would improve if the government forgot we have an economy. Take for example the auto industry, how many millions of government dollars have been dumped into new plants since 1980. If the damn governments had kept their noses out the industry would be healthy today.
Then we have CREDIT, back in the 1970s we had a country singer here in Canada, (Stompin Tom Conners) wrote a song about CREDIT. The first line went, "We save a lot of money, spending money we don't got." In 1974, I was proud that I beat the GM dealer down 20% off list on a new Olds 88. Ten years later the masses were proud they paid more than their neighbor, it showed they had better CREDIT, man of means, etc. OH MY, how the mighty are falling, and bail out ain't going to help, just prolong the agony.
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