When a business begins to run low on capital, the wealth of the company is diminished, and it can eventually lead to bankruptcy. A current example is the present tailspin being experienced by Valeant Pharmaceuticals. The price of the stock has ranged from a 52 week high of $263.81 to a closing price of $69.04 on Monday. Tuesday it lost another 50% and closed at $33.51 a share.
While this capital loss is a concern to the company, its employees, and the investors, it’s been a real punch in the gut to Bill Ackman. Due to Valeant’s nosedive his hedge fund lost $1 Billion in a single day.
Bankruptcy is not limited to being just a capital problem. It can also be a Capitol dilemma. The legislative branch of our government is over its head in debt and at least knee deep in a bankruptcy of morals.
The solution is not Hillary, nor is it Bernie. The answer is not going to be found in Donald, Ted, Marco, or John. I think the remedy to our woes is a fresh resolve to embrace godly principles.
Call me “old fashioned,” but I still believe the Bible, and what the Psalms and Chronicles say concerning the blessings of God on a nation:
- Psalm 33:12: “Blessed is the nation whose God is the Lord”
- 2 Chronicles 7:14: “If My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land.”
Politics has never solved the capital problem in the Capitol, maybe we should give repentance and prayer a chance.