I Gotchyer Bailout Right Here.
I see that the current bailout plan provides for bailing out institutions that made bad car loans, credit card companies, and institutions that made student loans. It doesn’t matter that you’ve managed your finances such that you only buy what you can afford, and you behaved like a responsible grownup, helping out these institutions is your patriotic duty.
While we’re at it, here are some other institutions that we should consider helping:
Casinos: They absolutely need the taxpayer to bail them out when people who had a bad run at the craps table don’t pay off their markers.
Da Mob: Taxpayers should make them whole if breaking the knees of their debtors still doesn’t get them paid, and bumping them off ensures non-payment. These guys truly need our help.
Landlords: We simply cannot let them be screwed by deadbeat tenants.
Evil Oil Companies: Why should they take a hit when people don’t pay their gasoline credit card bills?
Restaurant and Bar Owners: They deserve our helping hands when people eat and drink and don’t pay their tabs.
Excuse me while I puke.
I think the Pres is on TV right now trying to convince people that the bailout is a good idea. I’m watching an old Bond movie instead. It’s more believable.
Comment by Seaweed — September 24, 2008 @ 9:22 pm
My investment advice; hollowpoints.
Jimbo, you are too conservative. What about other necessary centers of economic activitiy, such as hookers and crack dealers?
Also, quit criticizing Da Mob. In Cleveland, they are the only sane alternative to the shitty, inefficient, disorganized crime of Jimmy DiMora and the local Democrats.
Comment by Cappy — September 24, 2008 @ 10:35 pm
The really unbelievable aspect of this is that they are talking about dishing out $700B of your money and mine to the same meatheads that screwed this thing up to begin with……………..how smart is that??????????
and my degree is in criminal justice not finance. I need some tonic and Seagrams triple filtered………
Comment by Brian "Proud Air Force Veteran" — September 24, 2008 @ 10:36 pm
The business cycle has accompanied capitalism since the first Italian trading corporations began > 400 years ago. Every single capitalist country suffers from business cyles. They are universal. They effect every country no matter what political parties are elected there.
Furthermore, business cycles are world-wide in that the big ones effect every capitalist country on the planet. The best example of this was the great depression which wikipedia calls the “worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries”.
If it were possible to avoid business cycles, they wouldn’t be “world-wide”.
When your leader tells you that he is going to solve the business cycle problem, what he really means is that he is going to listen to the advice of some fools, pass some laws that will probably harm more than help the actual economy, make government bigger, let his buddies become even wealthier, and then, when in the natural course of time things get better, he will take credit for the improvement.
Comment by Carl Brannen — September 25, 2008 @ 12:31 am
I’m with you, NO BAILOUT! If a business fails, it fails. The taxpayers aren’t to blame, why should we pay for it? Businesses are free to thrive and free to fail- all on their own.
Comment by Dan O — September 25, 2008 @ 6:57 am
Jim:
We all know that the first thing to pay when you receive your check is your bar tab. Perhaps the bar owners can bail us out!
Comment by Joseph — September 25, 2008 @ 12:20 pm
Socialism is creepy.
Comment by dogette — September 26, 2008 @ 11:25 am