Bail And Stroke
Quite simply amigos it is a shell game called Bail and Stroke. Your fools on the hill will explain that these bailouts are necessary to save this or that vital piece of the economy if for anything else our homeland security. And what about saving the children? These excuses du jour are all the argument you need to be stroked. But you are being stroked. The real game is to figure out any way to pump more dollars into our deflating economy before it seizes into depression. They want to stabilize prices by creating dollars. So they give away free money to regular folks to shut them up about the trillions the politicos will be "lending" to their fat cat friends in industry that will never be repaid. This will cause more price spasms and that ain't good for a wobbly economy.
Now you know amigos.
7 Comments:
You are finished gringos, we WON and you LOST, surrender NOW and we might keep you around for longer than original plans, we shall let you work for us in the labor and reeducation camps.
Hey the electric is working in Cuba again! Give Raul my congratulations.
Mr.Estrada,
I like Warren Buffet's idea. Let the CEO's guarantee the loans with 75% of their own net worth ... que te parece?
They would resign. Perhaps that would be the best thing of all. When Crysler got the first bailout in the 1970s the CEO stepped down.
this bailouts are not addressing the real issue. the middle class is vanishing, the country is broke, people are loosing their homes and their jobs and can't afford to buy stuff.
our economy was built on debt. for the last twenty years we been printing money, borrowing from our credit cards, created a housing bubble and started using our houses as atm's to finance our consumerism.
well the bubble bursted. folks are not buying stuff because they are not credit worthy anymore. welcome to depression 2009.
dumping money to save the automakers is a big waste. since no one can afford to buy their cars. Why dump 35 billion when you can buy it for 3billion.
let them go bankrupt, nationalize them, reorganize them put in new management and make them build the cars and transportation of the future that will create jobs and put the country in the road to becomming energy independent and then in a few years when they are profitable sell them at a profit to the taxpayer.
Amen brother!
Corgi,
not a bad idea at all . . .
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