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Posts Tagged ‘Grammy’

abyssI spent a couple days last weekend with buddies catching up on some overdue winter recreation.

On the drive east talk turned toward the economic situation.  We reminisced about a time where money was flowing, easy money.  Anybody could qualify for a loan — I mean anybody.  One person in the group knew a grocery store clerk with an annual salary of twenty-three thousand dollars who had received a two-hundred-and-sixteen-thousand-dollar mortgage, with no money down and no income verification — not even a phone call from a lender.

I thought I knew what was going on in America.  That lenders stretched the limits and borrowers overreached.  Just a little.  But that was not what is going on.  In acts of pure greed, banking institutions lent money for the fees, not worrying about tomorrow, just like the ignorant people they gave the money too.

I’m not ignorant.  I’ve done the college gig.  But, oftentimes the borrowers of these super-duper sums were high school dropouts, working blue collar jobs.  And now that those jobs, so often in the construction trades, and unfortunately have disappeared, they’re lining up with their brethren for minimum wage work that they can’t get, because the line is so long.

The Senate today passed the $838B Stimulus Pork “Recovery and Reinvestment Plan” while the Dow tanks 300+ points on the news!  Is Wall Street sending a signal that they think it’s a “Sink the Ship Plan?”

I’ve sacrificed.  Not that I’m proud of it.  It was just a necessity.  I’ve seen limited funds coming in, so limited funds had to go out.  I believe in the American Dream, I wouldn’t have sacrificed if I didn’t believe in the potential for a pot of gold at the end of the rainbow, but now I find out those making the rules don’t sacrifice at all.  I declare all my income.  I pay my taxes.  But those making the rules don’t?  How can this be?

Little did I know that you could have your cake and eat it too.  And here I was wary of losing sight of my dreams, becoming locked in an endless cycle of work and obligations, unable to pursue my passions.  I wonder how many more people these self-congratulatory, egomaniacal lawmakers will rip off?

At the Grammy’s backstage during the pre-telecast awards ceremony, B.B. King said it best.  He won his 15th Grammy, for best traditional blues album, “One Kind Favor” and he alluded to the recession… 

“I believe the blues, the way things are today, is more important now than it ever was,” Mr. King said.  “Unless you got a lot of money.  I don’t.”

Brings to mind a saying they have in Wyoming:  “Rules are for fools!”

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