Sep 29 2008
Who Really Benefits from this Bail Out?
Well just darn. The truth has been written in words most of us can understand.
And know what? There are a few things that are true in these discussions. NOT bailing out the irresponsible crapholes that are financial institutions today would affect Europe. So what? Since when it is the job of a free country’s government to prop up the economy of other nations?
Of course, there’s a LOT more that’s speculation and lies in this discussion. Would NOT giving trillions of dollars of taxpayer money to greedy, self-serving, selfish corporate leaders cause a crash? NO ONE KNOWS. Anyone who claims to know is, once again, a damn liar. Those who claim it will, in nearly all cases, will personally financially benefit from the bailout…
Let’s not have any faith in American peasants. Let’s just tell them a recession is near and let’s remind them of the Great Depression that was far. Put it out there…scare people…and WHOOLA! We have a guaranteed way to make money– instead of taking losses like the peasants will. Brilliant.
Sign the Petition to Stop The Wall Street Bailout
3 Responses to “Who Really Benefits from this Bail Out?”
Raven:
I knew from my research that the bailout was rotten: helping unqualified buyers avoid risks we all take, guaranteeing free homes for illegal aliens, bailing out incompetents, a giant move toward socialism, a huge burden on the 1/8 of the Americans who pay over 90% of the taxes, and huge profits for political hacks and shyster lawyers to run the program.
I didn’t know about the bailout of Europeans too. Thanks for the tip.
From what I’ve read about this bill (and the actual text that I’ve had time to read) it’s pretty frightening. Besides all of the dangerous ways it creates even worse government intervention in the market, slowing the necessary liquidation (or is it illiquidation) of bad debt and the necessary correction of the misallocation of resources (or however the necessary economic phrases go), it gives massive powers to the Secretary of the Treasury and I’m rather frightened about that concentrated power.
This morning I e-mailed my Congressman and asked him to vote NO. If this passes I’ll be contacting my senators.
I’ve been following the text changes, trying to determine whether this bill represents only simple assault versus rape.
Right now, it looks like assault, but that’s not exactly what I would call a ringing endorsement of the bill’s merits.
Watching donkeys and elephants trying to cohabitate would be high comedy indeed, if it weren’t that we’re at severe risk of getting crushed by the flailing limbs during their mating dance.