Friday Vent Fest
BySo much hubris, so little time. Yesterday President Obama gave a stern lecture to Wall Street because of bonuses paid to Wall Street execs. While none of us wants to see these failures receive big bonuses, you have to admit that The One is a bit disingenous talking down the economy and lecturing others for big spending after his inauguration cost nearly $200 million dollars. Every time he opens his mouth the song “Don’t fear the reaper” pops into my head. You’d think the sky was falling.
Today it was announced that the King of Gaffes, Vice President Joe Biden, will head up a middle class task force. WTF is that? Biden accused the previous administration of leaving the middle class behind. That doesn’t even make sense. What, did Bush and Cheney round up all middle class Americans, drop us off in the wilderness and then drive away laughing? What makes Joe Biden think he can do anything for the middle class, besides putting us all on welfare? As a middle class American I can say with certainty that my life improved over the past eight years, without any help from Barack Obama or Joe Biden.
What do you want to vent about? More of your tax dollars going to ACORN? Barack Obama going back on his pledge of bipartisanship by allowing hyper-partisan Nancy Pelosi to craft the economic recovery package? Or maybe you don’t like the stealth way the new administration plans to nationalize health care. Vent away!
I’m off to a Christmas party that was postponed because of a blizzard. What’s that about global warming?
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[...] Original post: Friday Vent Fest [...]
Ah those poor Lonely Conservatives! The blantant lying, hypocritical, arrogant fools that “Trickled Down” on us for the past 8+ years. Anyone feel the spray from their ‘trickle down’? Want more tax cuts for the wealthiest 1%? Shove it!
If you’d been left in the wilderness, we’d probably be having home baked cookies and hot chocolate this evening by the stove. Come on down the weathers a lot more friendly down here, but still cold enough to keep the Hawaiian jr. admin at bay.
Hey Mr. Wiggles….taken an econ 101 course, dear.
SA-Love the new site. And as for the weather…..it can’t be worse than here, that’s for sure!
Well you must have thrived during the really dark years, the years of deregulation and banking run amuck with Investment bankers and hedge funds creating CDOs, CDSs and a whole host of ancronym financial instruments that brought down our economy but made them reach. (This is not capitalism, it is plain greed and theft).
The fact that our tax dollars are now going to bailout mismanaged investment banks and failed insurance companies, and paying for bonuses for executives whose greed brought about this crisis is tantamount to “crisis socialism”. Resorting to this is something that no self-respecting conservative or any of these managers would ever have admitted to supporting before it it hit their pocket books.
As a taxpayer, I was never offered a piece of the pie when these banks were making millions in 2005/06/07. Why should I, or any other taxpayer,be asked to pay for their travails during hard times. If the burden of mismanagement is placed on the backs of taxpayers, then checks and balance, and robust regulations to prevent such disasters must be but in place.
Now that we are in this mess, in order for prevent the system from unraveling, a bailout (hailed as necessary by the GOP and executed under the DEMs) is almost unavoidable. But there should be caps on the pay of managers of any institution that takes tax payers money. Moderate bonuses (in the six digits if warrented) could be allowed for superstars that actually turn an institution around and make a profit. HOWEVER, to provide billions in bonuses in the wake of rescuing failing institutions on the taxpayer’s dollar is ridiculous.
That a plumber’s 10,000+ in taxes could become part of a failed banker’s 5 million bonus is simply shameful.
Kiran… I see you are awake now. Welcome to conservatism. No one in conservatism condones the actions of unscrupulous capitalists. It is only the scrupulous capitalists that we shall stand up for here on this website. We do not blame the GOP, we do not blame Dems. We do not assign GREED to any party. Greed has a corner on the human heart, and not on any system of government, nor on any party of our glorious US Republic. If the global economy were not so greedy in itself, than these complex derivitives (consisting of cheap, risky American AND foreign mortgages) would NEVER have had a market to be sold to in the first place. It wasn’t just Lehman Bros, or Merrill Lynch or Wachovia who sold these products that helped to create this economic disaster. It was the foreign and domestic entities that PURCHASED them that helped to proliferate the situation we are now all in. Without the greed of these buyers, around the world (who happened to believe in the American way) and at home, there would be no economic crisis. Let us place blame where blame belongs. It is in the human heart. We must all learn to work for what we want, pay for what we take…and SAVE for that which we cannot afford today. End of story. All countries on the planet, this applies to you as well. You may now have a cookie.