The Bailout P.2
Posted on September 25, 2008
Filed Under Tech | 1 Comment
Crooks and liars has a great clip from CNBC where Sanders (Senator) calls out Kudlow (the commentator on the show) for supporting this current bailout.
Kudlow supports this bill because, he claims, that the most important part of this deal is to insure ‘middle class people’ have as much access to credit as possible. This is how they define how the market works, by how far people are allowed to spend beyond their means? The claim here is pathetic, the only thing moving our markets is how freely people are to spend money they don’t have, THIS IS WHY THE MARKET FAILED IN THE FIRST PLACE.
This idea, that we should somehow be ever so gracious that these creditors will give us tons of money only for the promise of a ‘low’ monthly payment is outdated, it’s not 21st century and I’m sick and tired of being treated like some kind of slave to the people who have all the money. That we have to prove to them we’re worthy before going out into the world, on their dime, and attempt to make the masses happy. They fucked up, they gambled away all their money on people who they thought actually wanted to pay upwards of 20% interest on their homes. Their time should be over, their reign of king of the money should be up, they’ve spent too much money on our government for them to let these people fall, they’ve invested far too much time lobbying congress for them to have their business fail, so now they’re going to force us to risk upwards of $10k a household to protect our privilege to become their slave.
This cannot and will not end well, we will lose in the end and they will always win. There’s a reason conservatives always complain about government spending, government regulation and government intervention in the stock market, IT MAKES NO SENSE. I understand needing oversight, transparency and accountability (something these neo-conservatives hate) but this deal more and more looks like a blank check to these companies whom without this money could fail. They need to be treated as such, if your business is about to fail and the only option you have is to beg us, the tax payers, for money you damn well better make it worth our time and effort to save your company or promise you’ll never do business again for how you mismanaged your company in the past. The problem is, just like the keating 5 scandal, that few companies hold far too much power and so when all falls they all fall. Diversify (capitalism), that’s our only hope to save us from ever going through something like this in the future, consolidation (socialism) is at the forefront of this bill, this is why we will lose in the end.
Comments
One Response to “The Bailout P.2”
Leave a Reply
Powered by FireStats
Kudlow is a fucking idiot flip floper ! He was strongly in favor freedom enterprises and now support government intervention . the same with McChicken, against deregulation until 3 days ago for it ! What a moron Republicans .
My friend Glenda always said , “Republican party is a bridge to 15th century” and I think she is right!