In the midst of terrible economic woes which, we are told by mournful faced policy wigs, will doom our economy unless we gift $700 BILLION (that’s with a B) to greedy politicians and Wall St CEOs, we find this spark of inspiration:  Warren Buffett is tossing $3 BILLION (again, with a B) into GE stock.

You can read more about it here

This reminds me of the scene in It’s a Wonderful Life where there’s a run on the old Bailey Savings and Loan Association.  While people are demanding their money, someone announces that Mr Potter is offering money — at pennies on the dollar — for anyone’s shares in the S&L.  George Bailey tries to point out to the dumb sheep that Potter is buying because he’s not worried about the financial “crisis.”

Perhaps our current leadership would be wiser to put this issue back in the hands of the market itself rather than acting as if more government can fix poor government.

I leave you with this tidbit of wisdom (click link):  George Bailey on the Senate Bailout Bill