USAIG
What else is there to say about this madness at this point?
Isn't it amazing how quickly the bailout ethos became part of our national identity? Almost like it's always been this way. As the raids on the national coffers continue and expand during the next couple of years, keep in mind how and when it all started.
In the meantime, tally-ho!
Isn't it amazing how quickly the bailout ethos became part of our national identity? Almost like it's always been this way. As the raids on the national coffers continue and expand during the next couple of years, keep in mind how and when it all started.
In the meantime, tally-ho!
posted by The Cunning Realist at Monday, November 10, 2008
3 Comments:
"Isn't it amazing how quickly the bailout ethos became part of our national identity? Almost like it's always been this way."
But this is normal - there is no "past"; there is only "now". Not to mention that the kind of folks who want bail-outs in the first place are the kind of folks that plan on, and budget for, such bail-outs in the future. They're the "cost-of-doing-business" folks.
Somehow I suspect you'd have to go back quite a ways to find a time when business interests did not have their way with the American taxpayer.
ALOHA !!
Its the Bank Of England, mercantilism all over again, where the bankers and the East India Trading Company all had the King's favor and visa-versa. Only difference was back then there were publicly held executions until the people started to realize that only they were on the chopping blocks and the gallows and none of the upper class royalty. A few riots later the executions were held within the prison walls instead of on public display.
That about sums up TARP! The execution of the US TAXPAYER is being held behind closed doors funded by the US TAXPAYER!
This is what you get when you elect BIG GOVERNMENT whose only possibility to get BIG is via corrupt money, FIAT money, which can be created in an unlimited amount. Really these days I refer to it as "MOUSE MONEY" since all it takes is one click! In the days of 1923 during the Weimar Republic, where hyper-inflation was common, a business associate of mine has a Weimar Mark that is only printed on one side in order to save on ink so as to print more at a faster rate. These days, with the aid of computers, who needs paper and who needs ink? CLICK ... CLICK!!
GOVERNMENT IS ONLY AS HONEST AS ITS MONEY ...
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