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.
The one thing I want to make clear is that I blame no one for this situation. It is what it is. The government never should have been in the business of business, rather it should have paid attention to the Constutiton and passing legal laws instead of trying to manipulate citizen behavior. As long as they continue to try and use the tax code and the federal treasury to find social outcomes this nation will never be able to function properly. So, when my company went out of business, it simply succumbed to natural pressures of an overburdensome government. The employees of which can now get on the public dole and further burden those still working.
Me, I will move on. I have other talents and abilities. I have a strong work-ethic and a strong back. I have always tried to be the hardest working employee anyone ever had and while sometimes that is met with others equally as dedicated, I do my best every day. I know what 100% is and I do my best to give it as a debt owed to the person who gave me the opportunity. I will do that again.
What is lost? I don't know. There is a void somewhere because we are gone, but not one that cannot be filled later by another enterprising person with a vision. Perhaps they will be worse, perhaps better, but the market will always fill itself with those willing to take a chance. I have decided, however, that it will not be me. I took my shot. From now on I stay small and participate as little as possible in the economy so obviously rigged against those willing to take a chance. When they pile the regulations and restrictions on them they can bear the burden, I refuse to do so again. Let the country figure out the lesson for themselves, if they are capable.
Today, I am a free man.
Graciously linked and quoted at Hell On Earth.
Graciously linked and quoted at Free North Carolina.