Actually, the US public is being "bailedout" just like the rich man - the US in particular sees no reason to tighten belts, it thinks it can just print money and that will work just fine. "Free lunch" has been extended to all the commentators on this article.
Wed, 01/05/2011 - 18:24 — Brian Jones (not verified)
I wish it were this simple. The rich man owns a bunch of companies and indirectly supports a bunch of businesses, and if he goes down, he's going to take a bunch of innocent folk with him. This is how the plutocracy protects itself. Most of us work for "the man" to some degree.
Oh yeah... That's the way our system should be working... Those who make grave mistakes, mismanage their own portfolios are exactly the people we need at the top to manage our industries. Let's do everything possible to keep them, because we like living comfortably on illusions of wealth, rather than dealing with reality.
Gone are the days when, like in 1929, if wealthy people made bad bets, they had to live with the consequences. That threw way too many people out of work, until people could be found, who could actually run companies and do it right, so as to earn real profits.
"Too Big To Fail" means, we welcome the illusions over the facts, and we won't let bad decisions, made by our leaders, harm us, and by extension them. We'll simply put up more money and let them continue to lead. After all, they'll probably not do that again, eh? So, we don't even need to make them promise they won't. After all, they would never do anything to harm their own positions... Again! Hahaha...
Get back to me when we're finished with this exercise in absurdity! Expect the expected results!
I read several comments.
Now it is time to stop talking and do something.
Check out the house parties being sponsored by Public Citizen and People for the American Way on Sunday and help devise a plan to to take away First Amendment rights from corporations.
"he workers support the rich parasites, not vice-versa."
Correction, the consumers support the rich parasites. It's just that in order to consume, they must have wages, and therefore are also workers, unless they've inherited, in which case they're rich parasites : )
"I wish it were this simple. The rich man owns a bunch of companies and indirectly supports a bunch of businesses, and if he goes down, he's going to take a bunch of innocent folk with him."
Then why not aim the bailout at the innocent folk.
Surely the IRS can attest to their former employment conditions, the screening to prevent gaming of the system would be easy.
Same cost, except now the idiot who caused it is actually penalized for his failure, and probably denied the opportunity to do it again.
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Actually, the US public is
Wed, 01/05/2011 - 17:22 — Sargam (not verified)Actually, the US public is being "bailedout" just like the rich man - the US in particular sees no reason to tighten belts, it thinks it can just print money and that will work just fine. "Free lunch" has been extended to all the commentators on this article.
I wish it were this simple.
Wed, 01/05/2011 - 18:24 — Brian Jones (not verified)I wish it were this simple. The rich man owns a bunch of companies and indirectly supports a bunch of businesses, and if he goes down, he's going to take a bunch of innocent folk with him. This is how the plutocracy protects itself. Most of us work for "the man" to some degree.
"The rich man owns a bunch
Wed, 01/05/2011 - 23:00 — Your Future (not verified)"The rich man owns a bunch of companies and indirectly supports a bunch of businesses"
Supports? Time to invert your view of reality mister Jones. The workers support the rich parasites, not vice-versa.
Oh yeah... That's the way
Thu, 01/06/2011 - 09:08 — Anonymous (not verified)Oh yeah... That's the way our system should be working... Those who make grave mistakes, mismanage their own portfolios are exactly the people we need at the top to manage our industries. Let's do everything possible to keep them, because we like living comfortably on illusions of wealth, rather than dealing with reality.
Gone are the days when, like in 1929, if wealthy people made bad bets, they had to live with the consequences. That threw way too many people out of work, until people could be found, who could actually run companies and do it right, so as to earn real profits.
"Too Big To Fail" means, we welcome the illusions over the facts, and we won't let bad decisions, made by our leaders, harm us, and by extension them. We'll simply put up more money and let them continue to lead. After all, they'll probably not do that again, eh? So, we don't even need to make them promise they won't. After all, they would never do anything to harm their own positions... Again! Hahaha...
Get back to me when we're finished with this exercise in absurdity! Expect the expected results!
I read several comments. Now
Thu, 01/06/2011 - 14:35 — Anonymous (not verified)I read several comments.
Now it is time to stop talking and do something.
Check out the house parties being sponsored by Public Citizen and People for the American Way on Sunday and help devise a plan to to take away First Amendment rights from corporations.
"he workers support the rich
Fri, 01/07/2011 - 02:58 — Anonymous (not verified)"he workers support the rich parasites, not vice-versa."
Correction, the consumers support the rich parasites. It's just that in order to consume, they must have wages, and therefore are also workers, unless they've inherited, in which case they're rich parasites : )
"I wish it were this simple.
Fri, 01/07/2011 - 03:00 — Anonymous (not verified)"I wish it were this simple. The rich man owns a bunch of companies and indirectly supports a bunch of businesses, and if he goes down, he's going to take a bunch of innocent folk with him."
Then why not aim the bailout at the innocent folk.
Surely the IRS can attest to their former employment conditions, the screening to prevent gaming of the system would be easy.
Same cost, except now the idiot who caused it is actually penalized for his failure, and probably denied the opportunity to do it again.
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