A Jeffersonian In East Texas

Why the bank bailout sucks:

Let me see…

• I have to pay more tax money so that an inefficient government agency can give it to banks who will try to loan it back to me at inflated rates.

• It flies in the face of every solid economic principle in history.

• The original intention, although somewhat misguided, was to relieve the homeowners of some of the debt burden, and this has now been completely reversed.

• The banking bailouts have been of such a nature, that the federal government now owns a huge portion of the private banking industry. it is yet to be seen which one is the least efficient at operating them.

• The entire system is artificial to begin with, and now it is being propped up by more tax money.

There are hundreds of other reason this bailout sucks, so if you have some, feel free to post them in the comment section.

According to the Tyler Police Department yesterday was a busy one for traffic accidents. Unusually high numbers of accidents are often the harbinger of the holiday shopping season, but I would love to know the number of drivers involved in such accidents who were actively involved in the use of a mobile communications device when the accident occurred. I am willing to bet that it was 80% or better.

I have said it before: If the state of Texas, and the county of Smith does not take the cell phone driving problem as seriously as driving while intoxicated, (both are impaired drivers) It needs to apologize to everyone convicted for dwi, and refund all expenditures!