Tuesday, September 30, 2008
Why the bailout failure was not a failure
I know some things about certain subjects. I don't know diddlysquat about economics.
Paulson and Bush the "W" and other wealthy people want me to be scared. Very scared. A taxpayer scared enough to fork over $700 Billion (with free refills!) to bail out faltering banks and other firms saddled with bad assets due to their greedy overreach. Screw that.
They tell me that if this doesn't happen that we're all going to go down. Hard.
They say if I don't, that no one will be able to get credit. I think maybe we owe enough already.
They say if I don't, that the economy will depress. But did the concept of economic expansion and unlimited growth ever really make sense? We're living on Spaceship Earth, Folks. What happens when "unlimited" expansion depletes the resources we've got here? There's only so much. Maybe it is time to slow down.
Bush said the nation is facing "the real prospect of economic hardship." I say, "Bring it on."
I don't care if my retirement account goes to zero. I don't care if I have to eat thin soup for the rest of my life. I don't care. I will not approve giving those greedy bastards one penny.