This from my friend Gary Pestello:
Says it all! But unsaid and particularly commendable, the refusal of the banks to extend credit to the drunken sailors. And this, perhaps because there are no government guarantees or subsidies from the Obama administration for those loans!
The market place and common sense would work well if the leftists would only give them a chance!
Tom Motherway
#1 by Ian kenner on August 8, 2010 - 7:45 pm
I’ve known Gary since 2002; as a boss, mentor, and friend. Always insightful, and a man deeply respected by many, not just myself. Even as I myself serve out country in the u.s. Army now; a lot of what he says rings true to this day.