Whatever happened to Consequences?

Bank of America Plaza

Bank of America Plaza (Photo credit: Frank Kehren)

It used to be that when you did a bad or a stupid thing you suffered a negative consequence. The end result being those making bad or stupid decisions would learn from their previous actions and avoid such foolishness in the future. “Learn” being the operative word in the previous sentence. Ultimately one could look back on previous mistakes and turn them into a positive.

Increasingly, thanks to the liberal mindset in this country, nobody deserves consequences. Nobody should suffer negatively for doing a bad or stupid thing. Everyone is forgiven or rehabilitated, or saved. There are no consequences.


[kon-si-kwens, -kwuhns]  noun

1. the effect, result, or outcome of something occurring earlier: The accident was the consequence of reckless driving.
2. an act or instance of following something as an effect, result,or outcome.
3. the conclusion reached by a line of reasoning; inference.
When the Obama Administration announces a $25-billion deal with the big banks to finalize and settle the lawsuits in the mortgage foreclosure crisis the lack of any deterrent effect, result or outcome from banks having foolishly lent too much money to those who couldn’t afford to pay it back is obvious. And the resulting actions are predictable. “Hey….we’ve got ALL this money to play with and risk. It’s not ours. But let’s be as risky with it as possible. After all, if we lose it, the government will pay us back. Just like before.” 

The soon to be announced settlement would pay those 750,000 whose homes were foreclosed upon $2000. It would also reduce the principal by $20,000 for those 1,000,000 underwater home owners who owe more than their homes are currently worth. For those who did the right thing and didn’t borrow against their home’s equity for trips or new cars or upgrades, didn’t miss mortgage payments, and still lost tens-of thousands, even hundreds-of-thousands of dollars in their home’s equity…you get bupkis.

When a business operates a company selling a product for less than it costs to make, it used to be that that company would not be long for this world and that it’s owners and executives would find themselves losing money, stature and reputation for so foolishly trying to run such a company. But in the Obama world companies like Solyndra get $500-million loans which don’t EVER have to be paid back. And

Image representing Solyndra as depicted in Cru...

Solyndra Executives have the President of the United States praise them as forward thinkers in the new green economy right before skating off with bonuses in the millions of dollars and closing the doors on the worthless company.

GM logo

Car manufacturers give in to oppressive unions and agree, amongst other things, to pay laid off workers 80% of their salaries while they don’t work. The companies make cars that break down far too frequently compared to their foreign competition. They create cars that people don’t want. They go bankrupt. And the government gives them $14.1-Billion which they never have to pay back. Reminds me of the old line from Humphrey Bogart‘s “Treasure of the Sierra Madre“. “Consequences? We don’t need no stinking consequences!”

Wouldn’t it be nice if all these mistakes made by individuals who bought too much home or borrowed against their equity and had no cushion when prices fell actually started again, saved their money, bought homes again in a few years and paid down their mortgage…like our grandparents used to do?
Wouldn’t it be nice if banks returned to being a safe place to put your money and a place you could count on to be there through the tough times, instead of risk takers with our money devoid of any conscience? A partnership with a bank less interested in growing its riches and more interested in growing the community it serves.
And wouldn’t it be wonderful if American car companies made vehicles we all wanted and that were affordable and didn’t break down inordinately. Learning how the market trends and meeting the market’s needs. And in doing so we could return to Henry Ford’s way of thinking to pay his workers a decent wage and price his products so that his workers could afford them.
We all learn from our mistakes provided our mistakes come with negative consequences. With no consequences we’re all equally likely to go traipsing down the same road that got us into this mess to begin with.
Thanks for visiting. Comments are welcome.
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  1. Great post. These actions harm the very fabric of the risk/reward premise, and punish the responsible, tax paying public. If we don’t insist Congress keep such action in check, all biz will quickly morph into well subsidized gov’t utilities. 21st century Bolshevism:3% in key sympatheticpositions dictate the fate of the rest of us. Continuing with the commerce clause, if it isn’t stopped in the courts.

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