Alms for the Rich? September 23
Could it be there’s a tiny bit of backbone showing in Congress and smallest touch of gray matter showing in the electorate?
Low and behold, after eight years voters finally figured out that Republicans are as financially responsible as a drunk frat boy in a stripper joint with a no-limit gold card. For their part, Congress is finally balking at something the drunk frat boy with a no-limit gold card has proposed - the anointment of Hank Paulson as the Lord High Emperor of the Exchequer and $700 billion that could actually turn out to be either $1 trillion or $3 trillion depending on who’s doing the bean counting when all is said and done. Bipartisanship is actually blooming in Congress where they are saying in a stern, fatherly voice, “Hey you worthless drunken asshat, what the hell is with you? You get a 2.0 GPA at Yale, you flunked Econ 101 16 semesters running and now you want to stiff me with the bill?! In don’t care if you are “confident” this time will be different! Enough is enough sonny boy! That shit ain’t gonna fly no more.”
The troubles are huge and yet many Republicans still find time to chew over whether this is socialism, whether the allegedly free market should sort things out, whether this crisis is bad enough to require regulation - and Jesus Christ on a cracker - preserve platinum parachutes for the CEO’s massive failures.
There shouldn’t even be any discussion on this last count. There’s no need since it’s obvious to everyone except the CEOs, the Craphound-in-Chief, and McDeregulate. They’ve lost their right to vote on this one. Throw the CEOs out on their fat, incompetent asses and give them not one red cent. They should consider themselves lucky they aren’t being sent to prison for criminal negligence and being brain dead without a license.
You and I are bailing their stupid asses out to the tune of billions because they became history’s biggest collection of hubretics, greedheads, and shitheels. It takes a stupendous amount of chutzpah to super nova not only their own companies, but the world’s monetary system and then turn around and ask for a $41 million parting gift for their fine stewardship.
This is clearly where third-world countries, with their penchant for absolute and vengeful justice, might have a leg up on us squeamish, panty-waisted first worlders. In Saudi Arabia - the land of the terrorists and George Bush brand ass-kissing chap stick - they cut off a hand for stealing an orange. I’m guessing the penalty might be a bit harsher for CEOs caught red-handed, committing grand theft treasury. We need some punishment to fit the crime.
The Indian plan seems to hold some promise.
The Poobah is a featured contributor at Bring It On!
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NeoConstant Sep 23
I agree, Poobah. This is disgusting. I’m just hoping that the Congress won’t buckle…
NeoConstant’s last blog post..Burning Down the Economy
distributorcap Sep 23
dont you just love the damned if we dont, damned if we dont……
this is a no win… part of me just says — let the whole thing collapse.
while they address the direct problem of the mortgage mess — lots of people forget we are still paying for a war on a credit card — a forgotten war
distributorcap’s last blog post..Real Estate was the new black
Lazy Iguana Sep 23
We have to bail out the system. Really there is no choice.
The government CAN prevent CEO bailout packages. Just make them a deal they can’t refuse. We bail your bank out, but you have to leave now and take nothing with you. Do not even clean out your desk / office. Everything inside the bank building now belongs to us. We will sit on your board of directors and determine what you should be paid.
Oh yea, and you owe us all those years of bonuses. Can’t pay up? No problem. We will give you a $1 million credit for every year you spend in federal prison. And not that nice prison either - no we will send you down the rabbit hole.
Then bail the banks out.
And NEVER AGAIN shall we fall for this deregulation myth. In the 80s Republicans managed to deregulate savings and loan institutions - that worked out great. And now we have this mess.
Lazy Iguana’s last blog post..Tradition
enigma4ever Sep 23
lazy nailed it..and so did your post- we should make sure to send them packing NO goodie parachute- fuck’em….
wow..what a mess..
and McCain is claiming that he was never a deregulator..really…
what a week…I watched the hearings…unreal.
Freida Bee Sep 27
I tend to agree with DCap, but it’s easy for me to say that now, just before I graduate from college and hopefully start making money. You can’t lose what you don’t have.
Wait, can we lose stability if we don’t actually have it? I personally see this as an addiction (to foreign oil, foreign funds)and think we should let it all hit bottom where it will, so the healing can begin. I think we are delaying the inevitable and may face a worse situation later if not.
Freida Bee’s last blog post..Who Do You Want Me To Be To Make You Sleep With Me?