Economy, Politics, and Sin(fest)...

[cat_77]

So the president is warning that, if we do not pass this huge bill to bail out big business, we're going to go into a recession.

Er, aren't we already in one? I mean, really, we've got inflation, job loss, people struggling to survive on the little they are making while the economy and some would argue society as a whole goes to crap. But the best way to make things better is to bail out companies against Federal laws, not to mention first try to sneak it by without approval, and charge every man, woman, and child roughly $3500.00 in taxes to do so? Why can't they take responsibility for themselves? Why can't they file Bankruptcy like literally hundreds of people are doing each week? Why do we need to fix their messes?

In a slightly more amusing take on the whole thing, check out Sinfest starting with Sunday's and scrolling through to today's, which is truly awesome.

Comments

[cat-77.livejournal.com]

Frobes just put up an article (http://www.forbes.com/home/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html) about this. (Skip the intro screen to get to the article.) Apparently, among other things, the Treasury department admitted they just chose the $700 billion number "as a data point" with no hard evidence to back it up. A counter proposal to the bill calls for execs of the failing companies to cut back on perks and for the Treasury dept to have an equity stake in the firms, but it is being pushed aside.

Sense make not. Head hurt now.