I disagree with Monsieur Dobbs on trade, immigration and a variety of other issues. But I kinda agreed with him when he says "Hooray for those who defeated bailout"
Am I nuts?
Believe me I grimaced when I checked my 401-K investments last night. But I am tired of Wall Street every few years pouting, pushing us to the brink and telling us it is Judgment Day. I am tired, in tech, seeing us so focused on investors and not enough on customers.
If it changes some fundamental behavior in our economy and our politicians, it can only be good. If the Republicans who voted against the bailout bill are truly going back to economically conservative roots, I say hooray. It is shameful a Republican administration has run up such massive deficits. If it makes Democrats more forceful to saying no to handouts, I say hooray. No to Wall Street, no to all of us.
One thing I would love to see Lou Dobbs soften. The reality is several countries around the world have been more disciplined, harder working than us over the last two decades. We need to use them as role models going forward, not continue to bash them.
Good, old-fashioned hard work and ingenuity, customer-is-king attitude - the values of our previous generations - and frankly those of most small businesses even today.
We do that and Wall Street will reward us - and itself.