ENOUGH!
I am not a financial whiz, and have never claimed to be one, but I'm getting sick and tired of footing the bill for those who claim to be financial experts, and who have doomed their companies through mismanagement, poor risk management, and greed.
Citigroup—the same group that conspired with ACORN to provide home loans to illegal aliens—becomes the latest parasite to feed from the public jugular. And make no mistake, dear reader; when the newspapers say that "the federal government" is stepping in to bail out these banks, what they actually mean is that self-interested professional politicians in both parties have decided that they will stick you with the bill for Citigroup's greed and bad business decisions. Our money. The stuff we earn through our labor, that we carefully invest in improving our homes, that we save for our retirement, that we scrimp and save for our childrens' college education, is being spent by wealthy and corrupt Congressmen and Senators to cover-up the multi-billion-dollar mistakes of their their wealthy and corrupt campaign contributors. It's all about them, and they're telling you that it is your best interests to pay their bills. Bullsh*t. How much more are you going to take, my fellow Americans? How much more of your money are you going to let politicians take? How much more debt are you willing to let them pile onto the backs of your children? Where do you draw the line and tell them, not one more dime. And what are you willing to do to make them stop.
Posted by: Confederate Yankee at 11:22 AM
Comments
1
Someone needs to teach the meaning of "metaphor" to many of our fellow citizens. See, when Ford dies... it doesn't really "die". No one "dies" as the company was never alive. These terms are metaphorical ones for bankruptcy, insolvency, going out of business (although even that last seems to be nearly a thing of the past). At the least let us give some time for the natural predators and scavengers of the economy to acquire/merge some of the stupidity into the rearview mirror. It must be acknowledged that Bush set the precedent for this crap with the moronic "stimulus". Since people remember getting $300 checks in the mail with some fondness EVERYTHING is now called "stimulus" and who can disagree? The end will come only when assets, debts and circulating currency are inflated down to manageable levels. This can occur quickly or less so. One can support the bailouts in the theory of the qicker the better but that is the only beneficial scenario these lunatic transfers can achieve. Stop Bailing! Stop NOW! Stop them ALL!
Posted by: megapotamus at November 24, 2008 11:52 AM (LF+qW)
2
I'm with you. The other thing that is happening is that states (mostly red) that have actualy been financialy responsible will have to bail out California and New York. Also, there are taxpayers and states that have profitable auto companies, (Tenn. Al.) like Honda and Toyota that will have to help provide financial assistance to their competitors. How does that work? These are strange times indeed, and like my grandfather use to say to FDR "keep the government out of business".
Posted by: bman at November 24, 2008 11:55 AM (Vxobz)
3
Isn't this the same Citigroup that makes a mint of money off credit cards?
Posted by: Georg Felis at November 24, 2008 12:02 PM (H0Orl)
4
The sad part is, we put our financial livelihood into the hands of career politicians who have no background in economics and have not demonstrated that they can even balance the U.S. Government's checkbook.
Perhaps we should rely on them for marriage counseling, home repairs, and retirement planning too.
Perhaps we should rely on them for marriage counseling, home repairs, and retirement planning too.
Posted by: Mike Gray at November 24, 2008 02:20 PM (XiVKO)
5
I was for the bailout of mortgages, because it was the government who forced the banks to make risky loans, and there wasn't anything they could do. Make a law that they have to follow, and the responsibility was the governments. Bailout needed.
Now, because your execs messed up on their tea leaves you don't have any money to invest? Somehow my pity reserve has dried up. Their choice, no bailout.
Now, because your execs messed up on their tea leaves you don't have any money to invest? Somehow my pity reserve has dried up. Their choice, no bailout.
Posted by: Jay in Ames at November 24, 2008 05:13 PM (UEEex)
6
Just wait till we bail-out big Pharmaceutical, then the stinky stuff will really start hittin' the fan.
The next Admin is committed to bailing-out stem-cell researchers and their mega-million Institutes - it's welfare for Nobel Prize winners.
The next Admin is committed to bailing-out stem-cell researchers and their mega-million Institutes - it's welfare for Nobel Prize winners.
Posted by: DirtCrashr at November 24, 2008 07:49 PM (VNM5w)
7
Seems to me we can solve this problem and fix social security at the same time. For every dollar of income tax I pay this year, I'm expecting the Federal government to allocate shares of Citibank, BofA, Wells Fargo and every other financial and automotive firm that receives Federal assistance. Let's not call it a bailout; let's call it a Federally-administered IPO!
Imagine the benefit of the conversion of Federal assistance for national equity, giving even the least among us an interest in monitoring their investment portfolio and seeing the value of their shares grow.
I'm waiting for my distribution, aren't you?
Imagine the benefit of the conversion of Federal assistance for national equity, giving even the least among us an interest in monitoring their investment portfolio and seeing the value of their shares grow.
I'm waiting for my distribution, aren't you?
Posted by: HatlessHessian at November 24, 2008 08:57 PM (3/V8w)
8
Yep! But remember, people always reap what they sow. They won't listen to us. And when they've taxed US into the poor house... because the GOVERNMENT destroyed our economy and stole ALL OUR WEALTH from us in so doing all they've done...
when this nation falls apart because we say "Enough is enough!!"... that's when they'll get their just reward.
We're going to reject their federalism and States are going to Sovereignly secede by the 10th Amendment.
"The Tenth Amendment is the foundation of the Constitution."
- Thomas Jefferson
I'm telling ya... they are cruising for the ultimate bruising: dissolution of the USA like what happened to the USSR.
when this nation falls apart because we say "Enough is enough!!"... that's when they'll get their just reward.
We're going to reject their federalism and States are going to Sovereignly secede by the 10th Amendment.
"The Tenth Amendment is the foundation of the Constitution."
- Thomas Jefferson
I'm telling ya... they are cruising for the ultimate bruising: dissolution of the USA like what happened to the USSR.
Posted by: laura at November 24, 2008 10:08 PM (tdrxf)
9
What is exactly wrong, per se, of allowing the companies to fiend for themselves? I guess the illuminati will (for the forseeable future)be a strong force that will be allowed the luxury of getting what they want done.
Posted by: ew at November 27, 2008 11:36 AM (8z7qO)
10
Isn't redistributing wealth good for everybody? Didn't 53% of the voters agree with that statement? Personally, I can't wait for MY free stuff!
BTW, I keep missing the explanation of where all that bail-out money's supposed to be found in the first place.
BTW, I keep missing the explanation of where all that bail-out money's supposed to be found in the first place.
Posted by: DoorHold at November 30, 2008 01:35 PM (cKMGI)
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