Ignorance and arrogance: two characteristics that do not mix well. As a combination, it’s right up there with Saturday Night Specials and unlimited $1 beer night. You just know that something will go horribly wrong. And there can be added factors to make it even worse.
Add one attractive woman of questionable moral character and her large, highly jealous husband to a room full of men with Saturday Night Specials on unlimited $1 dollar beer night and it’s a certain tragedy and likely inspiration for at least three good country songs. Take the ignorance and arrogance combination and throw in political power and the presidency and you have tragedy on a completely different scale and perhaps a generation lost to stifling poverty and depression, though there will be a lot more country songs. Guess which scenario you get to vote on in 2012?
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| Senator Christopher Dodd (D-CT), Retired Image via Wikipedia |
While I could list all of the scandals that occurred when government meddles in business, that’s not what this is about. It does not matter which party is in power, when politicians get involved in business and let businessmen get involved in politics, there will be a huge bill to pay. Hey, I’m looking at you, fellow taxpayer, because we will pay that massive tab.
When Angelo Mozilo got caught up in the subprime mortgage scandal, he had to pay a fine of $47.5 million and his company Countrywide Credit paid another $20 million. We got him, didn’t we? Forty-seven million five hundred-thousand dollars! Poor Angelo had to retire with his paltry estimated $550 million in wealth. He could have still bought Solyndra! And don’t we just wish he had.
