| ||800 billion in your taxpayer money|
Are people really really this stupid?
The DOW finished up 369 points today. This is big news that makes a bunch of idiots happy. ARRRGH. First of all - what would it be if you figured in AIG crashing - before they replaced it with Kraft Foods? That's like taking the worst player off your team in a losing basketball game, and changing the score! Leave Enron and AIG in - then see what the DOW has done over time.
Plus - people are happy because the U.S. Government and other central banks have decided to inject HUNDREDS of billions of dollars of YOUR taxpayer money to bail out the system that the super rich hedge fund managers created - the people who are laughing their way to the bank - so that YOU the taxpayer can bail out the system.
Government shouldn't get involved, huh?
George Bush and John McCain said this week the economy is sound.
It's a period of stupid greed followed by stupid fear. Dan will say hey rather than bitch about this what is the solution? 1) there should've been oversight and regulation. If you create derivatives that go nowhere, and you create wealth that you can't even explain - that's complete bullshit. But while the party was going on, nobody stopped to say, "what's going on here?".
Who is at the helm? George Bush, the guy you all voted into office because he was going to stop abortion. How did that go for ya?
2) I would have said no bailouts. Oh they "had" to bail out AIG? Yes, until after the election! That was just a stopgap to delay something that cannot be fixed until real estate goes up again - and it's not going to! It won't hit 2005 prices for at least a generation or two. In fact it's going to fall. Once the government decides to subsidize risk - that is NOT a free market society! DO you hear this you silly conservatives? A government that has it's hands (ok fist) up an economy's ass is socialist. You are living in a system you say you hate, and on that we agree - we both hate it.
Lehman, Bear Stearns, AIG - Fannie Mae, Freddie Mac should all have failed on their own. I don't see the government bailing out troubled homeowners, do you? No, but they'll bail out rich investment banks.
If you vote for McCain - I thank you in advance because he's out for rich people - NOT the middle or lower classes. I remember when GW won the 2nd election, I was watching all of the happy fools jumping around in the midwest saying, "we won! we won!". Yeah you won alright. Eight years later... you won. Have mercy on you all if you "win" again.
| ||Posted 9/19/2008 1:50 PM - 3351 Views - 30 eProps - 41 comments|
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