Thursday, August 23, 2007

Thank God we don't have a Lawyer President

Thankfully even though the economy continues its slide (thanks to our greedy bastard loan companies), we still have a President that has an MBA so we should be good right?


Things are still not looking all that great, as the Feds continue to pump money into the aforementioned "Greedy Bastards" loan companies to keep them afloat.
The latest injections brought the total to 120.5 billion dollars added to money markets in repurchase agreements in the past two weeks.

This really isn't all that different then when the Great Depression collapsed this whole wonderful system we call Capitalism, except this time around we can actually "afford" (I use that term VERY loosely, as we have spent more then we earn for a while now) to pump up the markets ourselves this time, instead of relying on members of Skull and Bones (JP Morgans, Henry Fords, Vanderbilts, Rockefellers, etc) to save their wonderful play toy we call America.

We're in for some pretty dire times if people don't figure out that this cycle of exploitation by corporations is destroying what hope we had of realizing the ideals of Free Markets and the Global Economy... We can't just keep parts of the system we like, and throw out the rest...

Really want to get our resident Historical Genius "Livingamongmorons" to write a bit more about this, as I'm really just a fan of history, not necessarily an expert, but oh man can I pretend! Besides, this is on the "Internets", so it MUST be true!

To quote Colbert "America, you're on notice".

1 comment:

SayHey Kid said...

Who saw the "we ran out of money to lend" card coming??? When lending commercials target college kids, you know we are all screwed!!