From a great height I expect a little bit of cash to trickle down into my hands as a result of the "courageous" $700 bailout...errrr...rescue plan that passed both the Senate and the House this week, albeit after a bunch of personal earmarks (see local favors) were added to get specific politicians to change their minds and vote for a bill they were adamantly against two weeks ago. I know it will all work out because Trickle Down Economics has worked so well in the past...
Happy Weekend
Showing posts with label bail-out. Show all posts
Showing posts with label bail-out. Show all posts
10.04.2008
Trickle Down On Me
Posted by
plastic
at
9:20:00 AM
0
comments
9.23.2008
Shut Your Face!
The NY Post had a particularly stupid and revealing headline this morning (Tuesday). It was,
Move Your A$$!
The "funny" headline was huge on the front page and was aimed at Congressional Democrats that the rag accused of holding up the financial bail-out plan offered up by the Treasury Secretary. This is a pretty slick way by the Right (the NY Post, of course, is owned by the same person who owns FOX News, Rupert Murdoch) to shift the blame from themselves to Democrats.
Never mind that the main reason the current financial problems are happening is because of decades long repeals of regulations aimed at keeping the financial sector in check. No, no, its the Democrats fault now for not immediately and mindlessly passing the plan to offer up at least $700 billion that doesn't even exist to formerly multi-billion dollar investment banks so they will not go bankrupt. By the way, the plan to bail these banks out would have absolutely no oversight and has nothing to offer to actual people, like, you know, people who don't work for gigantic financial services companies but are reliant on those banks via 401k retirement funds or home mortgages.
I've heard this whole bail out thing referred to as modern day Socialism....seems a little like a step towards fascism to me...
Posted by
plastic
at
9:16:00 PM
0
comments
Labels: bail-out
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