The Journal of Christopher L. Jorgensen.


My random musings on things that amuse.

Friday, September 26, 2008

Too Good

I love good satire….

Americans are 90 to 1 against the bailout. Surprisingly this number crosses party lines. You know you’re doing it wrong when no one likes the idea.

The family share of the bailout is $10,000 dollars. Not only will this negatively impact the dollar in the short run, we have to pay it back in the long run, so that 700 billion will end up being more than that.

I like how when the government wants to stimulate the economy I get a $600 dollar check, but when it comes to saving banks I get a bill for 10k? Just plain disgusting to me.

Want to stimulate the economy and help out failing banks? Send me that 10k. I’ll put it toward credit cards and my student loans. I get helped out, and the banks gets some cash. And the beauty of my plan is that this will still cost the tax payers, but guess what? As a tax payer I’d be paying the loan back to myself in a way. Stupid idea? Sure. But not as dumb as the Paulson plan. Under the Jorgensen plan we have real economic stimulation. I mean if $600 was at all stimulating, then $10,000 should be downright orgasmic.

And if the government is afraid I’d go out an buy a really big TV before the fall of the US dollar makes a really big TV cost 10k, then give me the cash in a voucher that can only go toward debt. Win fucking win in my mind. I really don’t need my dollar worth any less. I have a hard enough time buying gas. And I sure as fuck don’t need to have dollar one go toward some fat cat on Wall Street. It’s free market capitalism folks. Let them fail!

It’s called investment. People invested in companies that are failing from bad decisions. It’s called risk. When you bet the wrong horse you’re supposed to lose. It’s not supposed to be a fixed game for the wealthy. When company boards allow CEOs to make millions a year in a failing company and you still invest in that company you damn well deserve to lose your cash. If as a company you bought up bad debt and risky mortgages, or made poor decisions on lending your money, you deserve to lose your cash.

It really isn’t that hard. And if it’s a crisis, we need to be putting more people up against the wall. Why wasn’t it a crisis 6 months ago when people were first losing their homes and jobs?

And please don’t buy into the whole spin about how this is an investment. As an investment the markets have spoken on this idea. It’s a really really bad investment. That’s why no one wants to do this. Why should the government be buying anything on my behalf that the majority of people are against? (Well, other than bombs and welfare.)

Last point, then I will get off my soapbox. Blame the Republican administration or the Democratic Congress. Take your pick. Either way these are the last people who should be coming up with a plan to get us out of the mess. We have less than 40 days to a new election. I’m willing to wait. Let’s not be stupid about this. Let’s take our time and get it right.

Please?

Posted by .(JavaScript must be enabled to view this email address) on 09/26 at 06:39 AM
Personal • (0) CommentsPermalink
Page 1 of 1 pages

Fervor Flower

fervorflower.com


Content Above for Handheld Devices


handhelds need read no further

Calendar

July 2010
S M T W T F S
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Other Sites

Anansi Poems


Anansi Poems Cover

 




© Copyright 2007-2008 .(JavaScript must be enabled to view this email address) This page has been viewed 204244 times