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I'm sorry that T.L. closed up his business. I'm sorry that it happens to companies every day in this Country. I'm sorry that our government has created an environment that is hostile to the small business man or woman. These businesses are the life blood of our economy. Without them we are doomed. Without them we are destined to mediocrity. The days of the craftsman are waning. We have been conditioned to accept less and less.
What I'm really sorry about is that our Country is paying a dear price for an experiment in socialism. It has been proven over and over again, in may countries around the world to be a miserable failure. It has never worked. It can't work.
obama, for all his delusions, is no smarter than the people who have led the failures in the past. If he thinks that buying unions he will succeed where other have failed, he is even more wrong. That has been tried before too.
When the people in this Country who make the money, decide it's no longer worth the fight, where do we go from there? What will this Country become when nobody works and everyone is sucking at the government teat? There won't be a Country, there won't be social security, there won't be medicare or medicaid, there won't be welfare. You know what there will be? A lot of starving, pissed off people, and not much else...
By T.L. Davis - TL in Exile
The problem with the economy is simple, whatever needed to be done to save companies from closing down has not been done. They borrowed one trillion dollars to do this via the Stimulus plan and instead of spending it, as they claimed, on "shovel-ready" jobs they spent it on bailing out city, county and state government workers. Even a cursory glance at the list of recipients of stimulus dollars shows this fact. The other beneficiaries were industries that were heavily unionized. Now, the money is gone and the benefit is non-existent.
I am against government bailouts of any industry, of the banking industry, of the auto industry, of the steel industry. I am against government subsidies of green energy industries and farming industries. Even though a bailout might have saved my company, it is better that it died. A bad economy is like a cancer, it eats away at healthy companies and will kill most of them. Bailouts and subsidies are like chemotherapy. it might make one sick, but it can give a company a fighting chance at survival. The question comes down to whether chemo should be chosen, since it is itself a poison in the body designed to kill the cancer cells it wreaks havoc on the healthy cells. It becomes a race as to which is killed first, the cancer or the body.
My company died of natural causes of a bad economy. I feel no guilt over this. I did not choose chemotherapy even though there were some opportunities to save my company by choosing government programs. There came a point where I had to face an ideological dilemma. To be or not to be. Without getting too dramatic, it was a choice I made to shut it down. I am not choosing bankruptcy, I will pay for whatever debts I owe as a result of this action. I will pay it off with my new salary when I take a future job. I owe very little other than what the company owes, so I can manage. My skills are such that I can make a pretty penny working for other people.
I have chosen to go Galt in the future. Whatever cash I make will pay for the little I demand, but largely everything from now on will be done via cash, without incurring debt, without owning things. The equipment I have is worth a lot more than what I owe on it so they can repossess it and make money on it. Even at a huge discount, the equipment is worth a lot more than what I owe. I will sell what I can.
Read the rest at TL in Exile...
