Following the discussion about who deserves a
bailout is fascinating, because Detroit and its car-makers don’t
deserve one, never mind that the industry is one of the largest
employer in the country, but banks, those halls of marble and pillars,
do deserve one, because they have us all by the short and curly. They
are too big to fail! Or rather, their failures will hurt all the little
gals and guys much more than it will hurt the rich, and that is how the
rich got saved, once again.
I am not belittling the need to do
something about the economic recession, because the financial
industries do have us by the short and curly. I just want to point out
that when we ended welfare for all times we added lots of stuff about
the poor having to work to get welfare payments and lots of time limits
on how long any one family could stay on welfare. And all this for an
expense that was around one dollar out of each one hundred dollars the
federal government spent then! Now we are willing to hand over
brazillion dollars and asknothing
back in terms of good behavior. Indeed, we are not even demanding that
those in charge would be demoted, because we want stability in the
banks! Nobody worried about the stability of families on welfare in the
great and roaring nineties.
bailout is fascinating, because Detroit and its car-makers don’t
deserve one, never mind that the industry is one of the largest
employer in the country, but banks, those halls of marble and pillars,
do deserve one, because they have us all by the short and curly. They
are too big to fail! Or rather, their failures will hurt all the little
gals and guys much more than it will hurt the rich, and that is how the
rich got saved, once again.
I am not belittling the need to do
something about the economic recession, because the financial
industries do have us by the short and curly. I just want to point out
that when we ended welfare for all times we added lots of stuff about
the poor having to work to get welfare payments and lots of time limits
on how long any one family could stay on welfare. And all this for an
expense that was around one dollar out of each one hundred dollars the
federal government spent then! Now we are willing to hand over
brazillion dollars and asknothing
back in terms of good behavior. Indeed, we are not even demanding that
those in charge would be demoted, because we want stability in the
banks! Nobody worried about the stability of families on welfare in the
great and roaring nineties.
A.