No! No! A thousand times No!
30 September 2008, Pirate Joe.
There are so many reasons why the U.S. Taxpayer
should NOT bail out Wall Street that I don’t think I will ever be able
to get to them all.
O.K. Let’s start with the obvious: after decades of
Reganomics, de-regulation, laissez-faire, and screams of “no big
government” Wall Street has laid another egg. A big, rotten, smelly
egg. It will come as no surprise that the multi-billionaires behind all
this want to walk away scott-free and leave us clean up the mess. We
are, after all, just peasants, right? Let them decide which of their
many multi-million dollar homes to re-group at while we mop up the
smelly slop. George Bush is, of course, all for it, along with his crew
of ass-licking Democrats and both
presidential candidates. The most piquant aspect of all this is that
the greedy Wall Street bastards who have for decades decried any
government influence in their treasured “free market” as “big
government” and “socialism” are now whining for the heretofore detested
government to bail their fat, bloated asses out of the toilet they’ve
sunk into. In other words, “I want a free market until I get into
trouble, then I want the government to save me”. What unmitigated gall.
What was that quote about
“whiners”?
Now they’re working on a second bill, just as vile
as the first, with a couple of bare bones thrown in for us peasants. Ya
just gotta have heart. What a load of s%@it. If you or I displayed such
incompetence or malfeasance on our jobs, we would get unceremoniously
fired, and quite possibly charged with criminal actions. There would
obviously be no cheque for seven-hundred-billion dollars to help us
lick our wounds. We, the taxpayers, are now being asked to bail out
these rapacious c%&k-suckers, who have raped this country that we
love, sent our jobs overseas, turned our illnesses and diseases into
profit streams and (who) gleefully foreclose on fine-print nightmare
loans that never should been granted in the first place.
Make no mistake about it. That seven-hundred-billion
has to come from some place. Where? Well, let’s see. The government
could print it, (one). That will rape us through inflation. The
government could borrow it, (two). That will eventually rape us
(through taxes) for the 700 B plus interest!
(to Red China?) The government could just raise taxes to pay for it,
(three). That would be a rather harsh tax increase....in an election
year...
So what should
they do? Well first off, the money-grubbing pigs who pulled this off
should have the strings on their golden parachutes cut; let them
crash-land right next to the cardboard box that should be their next
home, (just like so many foreclosed Americans). That is, after they
spend some time in a prison cell (the Enron boys are lonely). Second,
the government should commandeer
those mortgages, not buy them, and sell them back to struggling
Americans for pennies on the dollar. (a real economic stimulus package,
this could be done for only administrative costs). Third, the
Reganomics, de-regulation, free market era should be brought to a
close, with re-regulation that lets markets remain reasonably free
while preventing the excesses that brought us 1929 revisited. Forth,
money should be made available to the struggling Americans who really
need it to get their lives and businesses back together. Fifth, if
banks can’t supply a reasonably proper credit stream, then the
government should, (at least temporarily). All this would cost many
orders of magnitude less than 700 billion, help real “Main Street
Americans”, prevent this sort of thing from happening again, while
discouraging others (through fines and prison terms) who might also be
tempted to try it.
De-regulation, Reganomics,, neo-con free-marketism,
and foxes guarding the hen house have all failed. Wall Street has deal
with it, we don’t
-30-