I did see the public flogging. Didn't they look remorseful? I've seen that look a thousand times on my kids' faces.
"I'm sorry, Mom."
uh huhand dont forget the it was an accident part:)
Here's what I didn't hear:
How will this new influx of cash force the banks to lend money to people and small businesses? I saw Barney on The Early Show this morning saying how any bank that takes the bailout money must adhere to a salary cap, but there is no guarantee that they will lend the money.
and i wonder if that includes bonuses or stock options or any other creative way around whatever restraints are placed on them. i hope someone looks into all of these people and their dealings over the last decade. throw em all in jail. what we witnessed in that decade was the largest ever transfer of wealth from the bottom 97 percent to the top 3 percent.there was an article today about a tough new credit card bill sponsored by senator dodd. ill forget for a moment that he was one of the ones responsible for the allowing the abuses by these credit card companies in the first place because it does seem to move things back to where they were a decade ago. i hope it passes tho i think the dems are a few votes short of this happening.
Okay, and I know I'm getting off track, but they're going to send everyone a $400 check? What a waste! People will pay their electric bill, or make a car payment. This will not stimulate the economy. If $600 didn't do it last year, $400 won't do it this year.
i tend to agree with you on this especially in light of people getting all of those dire warnings of total economy collapse. they need to stop catastrophizing and start giving people reasons to believe. of course maybe if they put incentives on these giveaways like heres 200 off of a new tv or a car etc. people might do that. i do think tho that this might be inflationary in a very short time tho and how long can that go on? getting paid to spend money? oy. if they gave it to me tho i promise to spend it foolishly on maybe a facial or a massage or the kayaking weekend my friend is trying to organize for florida. heck if they really twisted my arm id get a new camera or a new flat screen tv for my living room since the one in there is starting to get that black at the top and bottom of the screen till it warms up thing going on. or id get some new garden supplies since its almost time to do the starter plants. i can use a new used car too for my commute. ive put 120k on the present one since i got it 3 years ago in june. im hoping it lasts another year but im sort of doubting it. really i promise to spend! i dont get those checks tho. at least last year i didnt. im hoping it comes in the form of a big tax cut across the board. id prolly get that and really i would spend it. i have a long list of things im itching to purchase.
anyone watch the bankers get their public flogging yesterday? oh yes and they are sorry too. and they wont do it anymore! seems to be the thing to say these days... my bad...do i still get to keep the loot?
a songs been running thru my head since listening...vintage judy collins.
Marat
4 years after the revolution and the old kings execution 4 years after remember how those portia took their final bow
String up every aristocrat Out with the priests and let then live on their fat
Four years after we started fighting Marat keeps up with his writing Four years after the bastille fell He still recalls the old battle yell
Down with all of the ruling class Throw all the generals out on their ass
Why do they have the gold Why do they have the power why why why why why Do they have the friends at the top
Why do they have the jobs at the top
I love Judy Collins. Haven't listened to her in years. One of those stages around 12 or so. Note to revisit her. Your choice is perfect. Of course as a back up there's always the following but for the life of me I can't recall why on earth I was playing it over and over at twelve.
I've looked at life from both sides now From Win and Lose and still somehow It's life's illusions I recall I really don't know life at all
anyone watch the bankers get their public flogging yesterday? oh yes and they are sorry too. and they wont do it anymore! seems to be the thing to say these days... my bad...do i still get to keep the loot?
a songs been running thru my head since listening...vintage judy collins.
I did see the public flogging. Didn't they look remorseful? I've seen that look a thousand times on my kids' faces.
"I'm sorry, Mom."
Here's what I didn't hear:
How will this new influx of cash force the banks to lend money to people and small businesses? I saw Barney on The Early Show this morning saying how any bank that takes the bailout money must adhere to a salary cap, but there is no guarantee that they will lend the money.
Okay, and I know I'm getting off track, but they're going to send everyone a $400 check? What a waste! People will pay their electric bill, or make a car payment. This will not stimulate the economy. If $600 didn't do it last year, $400 won't do it this year.
What I don't hear is an explanation by the Tuesday morning home economists as to exactly WHY banks should lend money when jobs and industries are being lost and unemployment claims are being made faster than the ink on a loan can dry. Think of the half million people that lost their jobs last month. Had they been granted a new home or car loan? Then what. How is that any different that what is tiresomely being referred to as predatory subprime lending? It isn't, you simply don't lend money to people that can't repay the notes. Unemployment has a way of shifting priorities and all aspects of life and survival. I wouldn't lend money to someone is, say, retail, manufacturing, shipping, trucking, education etc., Why, when the government demands (as I agree is prudent and necessary) a repayment of the "bailouts and stimuli" a guarantee of repayment? What measures do they suggest for the collection of those loans? Can't get blood from a turnip is as plain english as it gets. Unless the answer is to loan half the nations citizens cash for homes and autos and employ the other half as collection agents. I don't see this banking proposal viable. And I'm really left more and more confused every time Barney Frank speaks. I don't think he's a good fit for this stage of the banking collapse. I don't know who might be, but I don't think it's him.
The little checks here and there are going to go toward 37" televisions and 9" mini notebooks. People will continue to just struggle, make cash withdrawals against whatever types of long term plans they have remaining. Some will take toward crime or honing their skills at it. Some will use the little check for drugs, alcohol, horse and dog racing. They'll gamble. They'll buy a gun for "protection". They'll buy two kids a pair of sneakers or an xbox 360. Few will pay their light bill, prepay toward a monthly bill they won't then have to think about. The baby will continue to roll around in a dirty diaper and kids will be given a sack of junk at the end of the day to eat in front of the 37" tv while the three year old accidentally shoots and kills the 2 year old. That's what 400.00 is going to do for the economy. Nothing.
anyone watch the bankers get their public flogging yesterday? oh yes and they are sorry too. and they wont do it anymore! seems to be the thing to say these days... my bad...do i still get to keep the loot?
a songs been running thru my head since listening...vintage judy collins.
I did see the public flogging. Didn't they look remorseful? I've seen that look a thousand times on my kids' faces.
"I'm sorry, Mom."
Here's what I didn't hear:
How will this new influx of cash force the banks to lend money to people and small businesses? I saw Barney on The Early Show this morning saying how any bank that takes the bailout money must adhere to a salary cap, but there is no guarantee that they will lend the money.
Okay, and I know I'm getting off track, but they're going to send everyone a $400 check? What a waste! People will pay their electric bill, or make a car payment. This will not stimulate the economy. If $600 didn't do it last year, $400 won't do it this year.
anyone watch the bankers get their public flogging yesterday? oh yes and they are sorry too. and they wont do it anymore! seems to be the thing to say these days... my bad...do i still get to keep the loot?
a songs been running thru my head since listening...vintage judy collins.
Marat
4 years after the revolution and the old kings execution 4 years after remember how those portia took their final bow
String up every aristocrat Out with the priests and let then live on their fat
Four years after we started fighting Marat keeps up with his writing Four years after the bastille fell He still recalls the old battle yell
Down with all of the ruling class Throw all the generals out on their ass
Why do they have the gold Why do they have the power why why why why why Do they have the friends at the top
Why do they have the jobs at the top
We've got nothing always had nothing Nothing but holes and millions of them Living in holes Dying in holes Holes in our bellies and Holes in our clothes
Marat we're poor And the poor stay poor Marat don't make us wait any more We want our rights and we don't care how We want a revolution Now
Four years he fought and he fought unafraid Sniffing down traitors by traitors betrayed Marat in the courtroom Marat underground Sometimes the otter and sometimes the hound
Fighting all the gentry and fighting every priest The business man the bourgeois the military beast Marat always ready to stifle every scheme Of the sons of the ass licking dying regime
We've got new generals our leaders are new They sit and they argue and all that they do is sell their own colleagues And ride upon their backs Or jail them Or break them Or give them all the ax Screaming in language that no one understand Of the rights that we grab with our own bleeding hands When we wiped out the bosses And stormed threw the wall of the prison you told us would outlast us all
Marat we're poor And the poor stay poor Marat don't make us wait any more. We want our rights and we don't care how We want a revolution Now
Poor old marat they hunt you down The bloodhounds are sniffing all over the town Just yesterday your printing press was smashed Now their asking your home address
Poor old Marat in you we trust You work till your eyes turn as red a rust But while you write their on your track The boots mount the staircase The doors thrown back
Poor old Marat in you we trust You work till your eyes turn as red a rust Poor old marat we trust in you
Marat we're poor And the poor stay poor Marat don't make us wait any more We want our rights and we don't care how We want a revolution Now
