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Mark Mcgwire and Ben Bernanke think Denial is a River in Egypt
by Dave Reiner
Wednesday, January 13, 2010Well Mark Mcgwire admitted to the public that he took steroids. Wow big surprise there right? And if his comic-book like muscles and forearms the size of Shaq’s thighs didn’t convince you he was roiding up, then his embarrassing testimony in front of congress pretty much gave him away. One thing that occurred to me today while watching McGwire’s less than contrite confession; his head has shrunk. Then I thought about Barry Bonds and how his head reached basketball sized proportions. Now when one goes off the steroids, the head shrinks back to normal size?
 
Anyway, the more Mcgwire talked, the more agitated I became as he started blaming injuries as justification for roiding up. He went on to explaiin that he hit home runs with and without steroids because it was his amazing hand-eye coordination had made all the home runs possible, thus alluding that the steroids had no little to no effect. Come on Mcgwire, just admit that you were having a blast whacking all those home runs and living it up as 50,000 fans screamed in adoration while you made millions of dollars. Hey you were a phony, but you had a heck of a fun time I’m sure. Just admit you were a phony and move on…I think your fans (what you have left) would have more respect for you. I used to be a huge Mark Mcgwire fan. The guy could knock the cover off the baseball better than anyone I had ever seen. I would go to Athletics games when I could during the years I attended college near the bay area. At one night game I was seated in the left field bleachers and Big Mac ripped a line drive homer right at me. The ball landed an arm’s length away when a little kid who was much more agile than I, grabbed it and went into a fit of joy. I was disappointed for a few seconds, but seeing how the kid was so excited, I was happy he got it. Watch the Mcgwire interview here
So as I reflected upon Mcgwire’s statements, I realized that I’m really fed up with the nonsense I see from people in the spotlight - whether its politicians, sports stars, or movie stars - there’s an excuse for everything and nobody really owns up to their mistakes anymore. Take Ben Bernanke for example. In a recent speech in Atlanta earlier this month, Bernanke blamed irresponsible lenders and not low interest rates for the housing bubble. He blames adjustable rate and interest only mortgages for the problem, but these products wouldn’t have been available if interest rates weren’t so low. Bernanke and the Federal Reserve are partially responsible for the housing bubble make no mistake about it. Not once did the Fed speak out against or advise congress of the faulty lending standards that were taking place, nor did they have the foresight to see the disaster that was imminent. Bernake went on national television a myriad of times during the housing boom saying that the housing prices reflected proper fundamentals. (See Bernanke video here.)
How is it that the Chairman of the Federal Reserve didn’t see this coming? Should we put faith in him to see any future problems with the economy, or if he does see future problems, will he be honest about them? When you watch that YouTube video of Ben Bernanke stating over and over again that the economy is strong and that there is no housing bubble, it makes you think twice about anything he says. I mean its annoying when we see people like Mark McGwire in an obvious state of denial about his faults, but when someone goes on mainstream media and entices you to buy a home with an interest only mortgage, only to go into foreclosure a year or two later, they are messing with your financial future. And that’s much more annoying than a sports star in denial about steroids. So think independently, and form your own opinion. Relying on people like Ben Bernanke could be hazardous to your financial health and its going to be imperative now more than ever to come up with your own game plan.
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