Guess I shouldn't be surprised by the fact that no one here wants to talk about the radical subsidization of the richest firms on Wallstreet.
The biggest, most influential story of the last 6 years, and barely a whisper of it on the "breaking news" section here.
It's the last cash grab before the administration of reckless thieves gets chased out. And while you and I are getting slapped with what some have called a 55% income tax, I'm curious how anyone can possibly see this bailout as anything less than pure communism. Not just communism, but theft from everyone on your street by the richest bags of crap to ever walk this planet. Getting richer. From our hard work.
I understand when people say they don't want to pay for some bum who doesn't want to work or doesn't want to get a better job or stop having kids. Now, what doesn't seem to compute is that there is not righteous outcry that many times the amount of money EVER spent on welfare is moving towards the pockets of fat thieves--who have no individual monetary "crisis" to speak of. We are now working for them. Without our consent. Or a real crisis. Sure, people will lose their houses. This bailout won't stop that. I don't really care if they do. It's like the old adage: "if you owe the bank $100 dollars, that's your problem. If you own the bank $1,000,000, that's the bank's problem."
It's not the individual home owners that anyone (myself included) appears to give a damn about.
Why shouldn't the "invisible hand of the market" let these asshole banks fail for making bad decisions? That's what happens when someone makes bad business decisions outside of Wallstreet. They go out of business. Or they go sell someone else on their business plan for a new infusion of cash. They do NOT get free fed money "with no oversight" from any court or agency.
These banks and financial institutions which are stacked with PhD's knew very well that they were packaging worthless financial instruments and attaching AAA ratings on them, reselling them, and making big money on crap paper. And since they made very bad business decisions, we should be obligated to pay for them. Right? They should be rewarded. With our hard earned money. Right?
I want to personally thank every dipshit here and elsewhere who can't seem to pull your head out of your ass long enough to tell that you are letting us all get fleeced while simultaneously crying about getting taxed by Obama's plan: (which, incidentally, will lower your taxes unless you make more than $250K/yr).
This administration has spent more (public) money than any government in history. But still, you should be worried about gay marriage. And Obama's "socialist" tendencies. That's the real issue.