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Just a scoop full(Sept. 24)--The big talk around, whether it be in the cattle world or wherever, is the proposed bailout that will cost the government $700 billion, if not more. Instead of saying it will cost the government, you might as well say cost the taxpayer. I am not for any bailout but I can also assure you that I am not ready for a major collapse in the economy. That is if that is what happens if we do nothing. Who knows what might happen. The bad part about it is, with this being an election year, most all politicians are more interested in their party doing well than they are in figuring what needs to be done for the good of our country. There is talk about checking to see if there were criminal wrongdoings by the heads of these big companies. To me, that is extremely important. This selective propping up of certain companies and letting others fall is not good. However, I definitely do not want to suggest we should prop more up. Unless perhaps the government wants to prop up a foolish rancher/sale barn owner from northwest Oklahoma who just happened to have lost a lot of money this past year feeding cattle. They tell me in 1929 when the stock market crashed that lots of top executives jumped out of the windows of high buildings, bringing their life to an end. I imagine if we knew even half of the corruption that has gone on in these big companies that we would probably get together and push a lot of these high-ups out of a tall building's window. The cattle market has taken a little adjustment lower in price with this uncertainty. All in all, it has hung in there better than you might think. Some wheat looks good while others are just now planting. I asked my hired man how our wheat looked in the Panhandle. He said actually we could turn calves out if we could get another half-inch rain. I said to him, "I better get to buying more cattle." He said, "That's the main reason I hated to tell you that." Editor's Note: Jerry Nine, Woodward, Okla., is a lifetime cattleman who grew up on his family's ranch near Laverne, Okla. 10/6/08 Date: 9/30/08
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