Five Good Things About the Financial Crisis

They say every cloud has a silver lining. Here are 5 reasons to smile while the economy sinks faster than the Titanic.

1. Our economy may be heading for a major recession but so is everyone else's.

If misery loves company, the American financial community must be multi-orgasmic with joy. Great Britain is being forced to bail out its major lending houses and it's the same with the rest of Europe. The Asian stock markets are heading south just as fast, if not faster, as ours. Care to take a guess how the rest of the world is beginning to see us?

Ever read the book, or see the movie, The Ugly American?

2. We don't have to worry about Barak Obama socializing the national economy.

By way of the billions of dollars in bailout money, the federal government now holds the mortgage on 50% of the housing market and good chunk of the nation's small businesses. Three guesses who will be calling the shots on how to run a business now that they are the landlord!

3. The situation with illegal aliens (or "undocumented immigrants" if you want to be politically correct) is taking care of itself.

As the economy sinks deeper into the quicksand of deficit spending the number of people going back to wherever they came from is increasing.

According to one estimate the number of illegal aliens in the United States decreased by 500,000 last year. If you assume that, with secondary costs such as public services and health care included, it costs the public $200 per month per illegal; that's $1 billion per year that we don't have to spend.

Do the simple math; every 1 million decrease in illegal aliens living in the US equals at least $2 billion in savings.

4. We've proved, beyond any doubt whatsoever, that the Congress of the United States of America is composed of 535 self-serving, power-hungry, pathologic liars that should be on trial for gross incompetence and negligence for letting the situation get this bad to begin with.

If you want to blame someone for the current economic mess, put the blame where it belongs: on Congress! Why do you think Congress had Banking Committees and enough subcommittees to make sure that every member of Congress could brag about being the chairman/chairwoman of some subcommittee or another? Now try to find evidence that anyone tried to nip this problem in the bud.

Face it: politics is nothing but the process of a greedy SOB acquiring as much personal power as he/she can. God help you if you still believe all that BS about "serving the public!"

5. At long last, we get relief from all those solicitations arriving in the mail from different banks offering us "special rates" on credit cards.

Kind of ridiculous for a bank to ask for a few billion in bailout money because it made a bunch of loans that a Brooklyn loan shark wouldn't touch while mass-mailing this garbage, isn't it?

I wonder what next week has in store for us?