Category: Government

Hurry! Save The Banks!

Since the very beginning of the economic crisis and then the bailout process it has been about saving the banks, because “they are too big too fail”.  Dollar after dollar has been thrown at the banks in question and what has it accompliushed?  A damn fine question!

The Congress and all concerned are throwing this money at the banks with the hopes that it will prop up their bottom line so that they will once again start loaning money.  In essence they are trying to improve the bank’s liquidity.

Good one, guys!  But answer this–what good is liquidity if there is NO demand?  Why would banks loan to companies if no one is buying their product?

Let us take it further.  There is NO demand!  Until demand can be created banks will NOT loan money to anyone.  The only economic activity right now is between banks, because they are too big too fail.  The banks are being saved—they are NOT saving jobs–They are NOT creating jobs–they are NOT loaning–they are doing nothing.  Wait!  That is a lie!  They are investing overseas and Citi made a profit.

Profit?  Does that mean the government can expect a check?  Doubtful!

One more time!  If demand cannot be created, then liquidity means squat!

We Do Not Want Your Money

That is what several governors have told the Federal government, most of them in the South and Repubs, but why would a governor not want stimulus money to help his/her state?  Well, some say that it would put a strain on their budgets in the future.  Or maybe it is the red tape involved.  Or maybe it is because it is coming from a Democratic pres.

There has not been a definitive answer to why they do not need or want the cash…but with a little reading and research there could be an answer…..

The buzz grows surrounding the possibility of a second massive economic stimulus package, President Obama and Vice President Biden warned state officials yesterday to spend their shares of the approved $787 billion wisely – or else.

“If we see money being misspent, we’re going to put a stop to it,” Obama said at a daylong White House conference on the recovery package.

With that one statement it could explain the hesitancy of the governors to accept the cash.  It must be spent for the good of the state…not put in some “general fund” to be pissed away like so many other funds that some of the states receive.

Could it be that the governors are afraid of the word “transparency”?

I did find one thing that caught my attention.

Some state officials expressed confusion about what role they will play in passing on stimulus money to cities and towns and what reporting requirements they’ll face. They also complained that there has been a lack of communication about projects that have been announced.

This is a good possibliity, especially in my state of Mississippi, where we have the absolute worst system of record checking….another good way to piss money away …if no one can check where it goes…..

These governors are NOT acting in the best interests of their states and its people.  They are playing politics…in a tiome when politics should be the furtherest thing from their minds.

Get Government Out Of Your Life

I do not mind the government taxing me or telling me that my kid has to go to school but there are some things that they should NOT be allowed to do.  These are to legislate morality or good health or good eating habits.

Last year the state of Mississippi tried to encat a law that would make it illegal for restaurants to sell certain foods to overweight people.  You got it!  They were trying to making certain eating habits illegal….like what they are doing with smoking and oral sex.

But Mississippi is not alone in this assault on the people’s right to the “pursuit of happiness” thing.  Paterson of New York had his “fat Tax”.   The initiative that drew the most criticism was an 18-percent tax on nondiet soda. It was dubbed the “fat tax” because $404 million in proceeds were to go toward combating childhood obesity.

The government needs to stay out of the people’s private lives…their health habits are just that…theirs.  No matter how hard the government tries they cannot legislate morality or health.

Gingrich Is A Moron!

And you thought you had heard all you were gonna hear from this guy….HA!

Former U.S. House Speaker Newt Gingrich says Michigan should pay pregnant teenagers to take prenatal vitamins and stay healthy so the government avoids expensive costs when babies end up in neonatal intensive care units.

The Republican also told state senators Wednesday he supports paying poor children to read, and the state should consider paying girls to not get pregnant.

Gingrich is the founder of the Center for Health Transformation. He says politicians and the media spend too much time focusing on the finances of health care. Gingrich says more attention must be paid to cultural changes such as requiring students to exercise, putting grocery stores in the inner city and incentivizing people to not smoke.

Is he saying to pay teen girls to have sex but not get pregnant?  I believe there is a title for that activity.

Earmarks! A Pathetic Issue!

Earmarks?  This is funds added to a build for pet projects in districts of the congressperson attaching them.  Think about that…..if so, what the hell was the recent stimulus package passed for?

The media keeps punding Obama for the spending bill he just signed.  Their main bitch is that it is full of earmarks, about 9000 or so.  Now the media is truly concerned because during the campaign Obama said he would eliminate all earmarks, at least that is what the pundits are saying.

Houston, we have a problem.  To begin with, during the presidential campaign it was Mccain who spouted the crap about eliminating earmarks.  Obama said that he would reform the earmark system and I believe that is what he is trying to do.

The truly silly part about the last bill with all the earmarks that the Repubs are so getting political mileage out of, was full of the earmarks from Repubs.  The two biggest came from the two senators from Mississippi.  Oh yeah, both are Repubs.

Repubs are just flipping pathetic and should be put on some type of hypocrisy watch.

GOD! I Love This Stuff!

The conservatives are making this all too easy.  The Dems have been trying to make Rush the face of the GOP and evertime one of these guys apologizes to Rush they are just helping the Dems in ways they can not imagine.

Two days after calling Rush Limbaugh a mere “entertainer” with an “incendiary” talk show, Republican National Committee chairman Michael Steele apologized and acknowledged the radio commentator as a “national conservative leader.”

Republican National Committee Chairman Michael Steele says he has reached out to Rush Limbaugh to tell him he meant no offense when he referred to the popular conservative radio host as an “entertainer” whose show can be “incendiary.”

“My intent was not to go after Rush – I have enormous respect for Rush Limbaugh,” Steele said in a telephone interview. “I was maybe a little bit inarticulate. … There was no attempt on my part to diminish his voice or his leadership.”

Steele comments were thus:

Steele told CNN host D.L. Hughley in an interview aired Saturday night: “Rush Limbaugh is an entertainer. Rush Limbaugh — his whole thing is entertainment. He has this incendiary — yes, it’s ugly.”

And then the Rush fires back at Steele:

“Why are you running the Republican Party?” Limbaugh asked on his radio show. “Why do you claim you lead the Republican Party when you seem obsessed with seeing to it that President Obama succeeds? … I would be embarrassed to say that I’m in charge of the Republican Party in the sad-sack state that it’s in. If I were chairman of the Republican Party, given the state that it’s in, I would quit.”

This comedy of errors just keeps rolling along…snowballing as it slides down the political slope….GOD!  I love this stuff!


So Much Laughable BS!

Gov. Bobby Jindal said Tuesday he had concerns about the economic stimulus package moving through Congress and wasn’t sure if Louisiana would accept all of the money that could be available from the plan.

“We’re going to look at each program, at each dollar, to see what strings are attached before we decide whether it makes sense for Louisiana to use those dollars or not,” Jindal said.

Haley Barbour of Mississippi has made similar statements….these yo-yos are just political hacks trying to look more than they really are.  Push comes to shove these dicks are gonna take the money….I say if there is an outside chance they will not then send their share to Michigan, they need all the help they can get.

All these bozos are trying to do is secure themselves a place in a dying party.  Simple theatrics is all they are about for they have no plans to meet their state fiscal shortfalls.  They will cave and ask for the cash.  If not then these guys are more stupid than I ever considered.

How 2 Build An Economy-Warning

WARNING!  This post may contain offensive language.  Read at your own risk!  You have been warned!

Hey morons!  This is not rocket science!  You dipsticks in Washington keep playing the same damn stupid game year after year.  And what have you really fucking accomplished?

Not a goddamn thing!

If you dipshits really wanted to build an economy you would not listen to the asshole Geithner.  Recently he talked and talked and said nothing, which is pretty much staus quo from Washington.  He gave NO specifics he did however give us a vague outline of things to come…..and those things are to help out those damn greedy assholes in the banking industry…nothing new there…I think that was pretty much expected when you hire a guy from the banking industry…YA THINK!

Shall I break it down for you MORONS?  If demand cannot be created–no amount of tax cuts or bank handouts will help.

Liquidity is NOT the answer!  The old tired mantra of Repybs and their goddamn stupid supply side economics will not do it.  Supply siders put way too much faith in tax cuts to increase investment.  That is not always the case, just look at the last 8 years of tax cuts.  What have we gained from those?

Want it simpler, dipstick?

If consumers are not buying, an increase in investment will not happen.  Business will hire when demand dictates it.  no hiring–no buying–no investment–no growth.  Silly people!  The Laffer Curve has been a conservative religion for decades–too bad it is a false god, the morons  they worship.

Try to keep up…I know it is difficult with your head up your ass….but give it a try.

There is a three word answer to building an economy when all is tanking rapidly….DEMAND…DEMAND…DEMAND.

The GOP Alernative For Stimulus

House GOP Leader John Boehner on plans for an economic stimulus and working with Barack Obama to craft such a plan:

“Republicans stand ready to work with President-elect Obama and our Democratic counterparts in Congress to enact an economic recovery bill that focuses on tax relief for working families and small businesses, rather than increased spending on government programs and higher taxes. House Republicans have put forth a plan that would do what Americans are asking Washington to do on the economy. President-elect Obama has expressed a desire to govern from the center. In that spirit, I’m hopeful he will give our plan his full consideration as he assembles his economic team – not for our sake, but for the sake of the American people, who are struggling in this economy.”

That is the alternative—it has been the alternative for decades.  It does not necessarily prove to be accurate–but the Repubs keep harping and pushing a tired, lame ass tactic.  We have had 8 years of tax cuts and it did NOTHING to stop the economic meltdown we are experiencing at this time.  But it will now somehow miraculously save the economy.

The only answer I have to his pile of steaming bovine fecal matter is a quote from John Stuart Mills, “I am not saying conservatives are stupid, but most stupid people are conservative”.