Well there's another week down. The lower house of the U.S senate likely passed a bail out bill for fucktards who can't manage money. So much for the invisible hand of government.
At least the commies didn't make any bones about fucking with the economy... Oh no this is under the auspices of “legislation,” and “...wait how the fuck do you justify this outside of bailout?” in reality the bill smacks of protectionism and nepotism for political favour rendered or as a political science student will tell you, “pork barrelling.”
All at the expense of the tax payer of course.
Let's just admit that neo-classicism economics got it wrong -again- and we can do nothing better than choke on our own -I will let you put a word here, -I pick indolence.
And that's not even paying attention to the riders on the bill.
The sad thing is, is that the rich won't feel the hypocrisy.
I guess we blame Greenspan for this, yeah Bernanke is a fucking idiot but in reality we should have seen it coming. With a regression of credit approval legislation and bullish economies. There should have been a level head at the wheel, instead there was a pedo, with a record, giving lessons to the children at the front gate.
I suspect , if I may, in the long run. Apart from the immediate effect on the U.S proletariat it'll be Middle Eastern and Chinese investors who will feel the bite, at least in the first instance, which will have a flow on to the S.E Asian region and by proxy home. The cascade from the Chinese dropping the dollar will be almost instantaneous unless there is a strong political voice in the Chinese market, which I doubt. Wait... did I just say I DOUBTED if there was a strong political voice in China? Hmmm.?
In essence it is not the fact that the government needed to intervene, it's the fact the current system cannot look after itself for any substantial period of time without falling into the same liquidity traps that come from prosperous times, that is the issue here. Still... where is out next world war?
I wonder how far we have to plunger be fore we become animals?
The ironic thing is, is that they house will have swayed the republican aspect of the house. All of McCain's buds that have been black eyed by this whole debacle and who yet advocate the most sever form of capitalism... when it suits them.
Here's Tom with the weather....
There's a 70 percent chance that I am now bored of this subject.
More Bill Hicks I say!
Again another boring week of being me, new jobs = fail
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2 comments:
Sounds like exciting times in the Bourne.. Jacob had an idea the other day. He said... let's cook a curry! That boy has his head screwed on right. He then proceeded to tell me he had a lot of jobs to do at kindy this morning. I wonder what kind of slave labour they have got him doing after i drop him off??
ps. language please in emails!
The slack caps take one up the kakka in the african continent!! We SUCK.. Bracewell takes it up the pooper and should be fed to hungry lions!
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