Economics 101

I must be a genius.

I have lived all my working life within my means. At the end of each week, each month, each year, I have balanced my books. Most years, I had enough left over to save for my pension.

I do so wish these smart-assed bankers and whiz kid CEOs who are all making mega millions could do the same. They must be either stupid or crooked not to be able to do so.
So tell me how it is that I, with my meagre savings – now much depleted because of the afore mentioned whiz kids’ stupidity – now have to bail out auto companies and banks.

Why am I doing so? I must be a must better money manager than they are, yet they were getting the executive bonuses. And if anyone dare suggest we shouldn’t bail these idiots out, we get sneered at.

We don’t understand economics, say the likes of Michael Ignatieff and Bob Rae. Oh, I understand them all right. And I understand that if the politicians and corporate leaders we have put so much faith and trust in for the past 20 years understood them the way I do, we wouldn’t be in this mess.