What Dave Ramsey Said Tonight

In the midst of the financial crisis our country is facing, listening to the pundits on the news and talk radio has been a little scary.

When I turned on the TV this evening, the Tivo was dutifully recording Dave Ramsey's TV show. I quickly rewound so I could hear Dave's opening commentary. I wasn't sure what his take on the situation would be. I didn't figure he would be a doomsdayer, he wasn't. I thought he would be for the bailout, he's not.

I thought Dave's comments were insightful enough that I rewound again and kept pressing the 8 second replay button until I got a portion of his commentary transcribed. Here it is:

"Paulsen, our own secretary of money in Washington says that if we don’t give him a blank check that the world is going to come to an end, financially. It’s not darling. It’s not. If a couple banks crash, could it be a long winter? Sure. But we will survive. The American people and the American economy is much more resilient than a couple of banks going down and a couple of Wall Street types not getting their dag gum bonuses. We’ll survive that. And for Congress to get a blank $700 billion blank check, well it’s not even 700 billion because they really want no limits on it, off a two and a half page proposal is mmmm, ludicrous.

It seems like the Democrats have never met a tax they didn’t like and the Republicans have never met a debt they didn’t like and I’m pretty personally as a tax payer pretty ticked off at both of them. I wish they’d just stay out of our lives and let some of these things take their natural course. Now, some of you, that scares you, because you don’t have the emotional stomach to ride a roller coaster. You can’t afford to think it might go down this winter and oh we’ll never recover. Well I honestly think it will recover. And I don’t think that the Great Depression is right around the corner. As a matter of fact, I’m really sure it’s not. But I do know if we put another trillion dollars in debt on the books in honor of our national economy that your great grand kids are going to be paying that bill and so will mine. And there’s something in the pit of my stomach that just doesn’t sit well with that." -Dave Ramsey