Tuesday, September 30, 2008

Jeff's Authoritative View on the Stock Market & Economy

A friend of mine, Jeff (not Rhinelander Jeff. Lima, Ohio Jeff), posted this note on Facebook. Just some insightful thoughts that I feel are worth sharing here. This is verbatim except in the one instance where I substituted a pronoun for a name.

"Jeff's Authoritative View on the Stock Market & Economy

Organized by spontaneous thought-

1. God is Lord over all, sovereign, and is working out His plan for His story.
2. The Christian is a child of God & is under His care.
3. The Christian is not at home here on earth but is looking for another place.
4. We are to help people in need, with their needs.
5. People are responsible for carrying their own burdens.
6. I don't know if a bailout would hurt or help...in the long run. My gut is to say, "No bailout!".
7. I don't believe the poor should own a home that they cannot afford.
8. I believe that people should live within their means. In other words, if you can't afford a $1200 a month house payment, buy a smaller house or wait until you save up enough to put down a large enough deposit so you can afford monthly payments.
9. I don't like the whole credit system. Aren't we suppose to owe no man anything but the debt of love?
10. The borrower is servant of the lender. Want to be enslaved? Go into debt.
11. [We] haven't had a credit card in over two years and although things are tight, we are doing it...with God's help.
12. www.daveramsey.com
13. A good economic crash may be good for the world. It would help us to remember what is really important (cell phones, cable tv, SUVs, stuff like that).
14. Grandma's favorite memories came during the Great Depression.
15. Watching the Senate is like watching two people with different worldviews discuss things...the only thing they can agree on is that they fully disagree with one another.
16. God's economy- work for your food, if people are in need help 'em.
17. The poor person who went bankrupt is AS GUILTY as the fat bankowners who lent them the money...if not more guilty. So don't just blame the rich folk. The poor were dumb for buying outside their means.
18. Instant gratification is NOT a moral quality.

I could go on. But in all honesty, I am not educated enough on economics to know if a buyout would be good for our nation's economy or not."