Monday, March 8, 2010

A note of reality to the "No" party.......

Today, I'd like to speak to the "NO" party who as usual are against the government financially helping the poor and especially right now all the millions of people who have or are about to lose their homes to foreclosure.


So when the government gives billions and billions to a few bankers who knew...or ought to know, they were "the best talent" in the world, remember?...that they were sailing too close to the wind, that's capitalism and you think it's great, or at least you don't object, right? Right.

But when the government spends billions shoring up the consumers in any way (in this case, mortgage holders), that is socialism, communism, marxism and all the other stupid ism's you can spin up and you object vigorously, right? Right.

I know you live in your own self made (Rush butt induced) dream world. But in the public interest, let me give you a few facts about capitalism:

1) The capitalist system is based on production and consumption.

2) When consumption drops off, production must drop off.

3) When production drops off, factories and service providers close and jobs are lost.

4) When jobs are lost, consumption goes further down, exacerbating the cycle.

5) People who work for a living making things and providing services are the most important link in the chain of capitalism because they spend almost all they make, driving consumption and therefore production.

6) When the situation is set up so that the needs of workers are put first in a capitalist society, the consumers, the producers, and the investors (i.e., the capitalists) all prosper.

7) But when things are optimized to reward investors by minimizing employment and therefore inflation, making investments more profitable in constant and immediate dollars, and optimized to reward consumers through low prices brought on by unrestrained foreign production and imports, the workers suffer, and eventually, so does the capitalist class (see 3, 4, and 5 above).

You don't seem to understand that by putting the bailout money in the hands of the mortgage holders, people would be able to stay in their houses and make the payments and pay their ongoing bills; therefore not only would social costs (relief expenditures and crime) be reduced, but the money would make its way back up the chain to the mortgage holders, i.e., the banks, anyway.

But when the money goes directly to the banks, they will appropriate it as they see fit, usually in the form of obnoxious profits, bonuses to executives and paying off bondholders. It's a fact that lending did not and has not resumed following the banks receiving their TARP funds directly. What happened to all that money? Weren't they supposed to start loaning again by now? Wasn't that the whole idea of bailing them out?

You may not know these things but I suspect that at at least on some level you do.

I think if you were completely honest, your real objection is to the concept of helping poor and working people. No doubt you think such people are just lazy, no good for nothing pieces of shit. Even evil, because after all, if they were any good, they'd be rich, right? Right.





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Come on.......DO IT!

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