The economic meltdown has started. So what do our fearless leaders plan to do about it?
The Fed dropped interest rates. About all this means is that the banks who made fraudulent or stupid investments will get propped up for a little longer, because the people who are paying these loans will be able to pay them for a little while longer. Before going bankrupt and disappearing off the face of the Earth.
Tax breaks for business. After all corporation are people too. The vampirarchy must be protected. All the short-sighted, self-centered decisions made by corporations will be repaid with a tax decrease. Heaven knows we can’t let them get desperate enough to sell off a couple of corporate jets.
Tax rebates for people who still have jobs. yippee. They think that $300 is a big enough bribe to get me to go along with the corporate handout? I’m not that cheap.
What could I do this $300?
-I could pay down a loan, which would give money to the vampires that are already overcharging me.
-I could use it to pay for the increased price of food & gas for a month or two. Big economic stimulus there.
-I could use it to buy more stuff. After all, consumers keep the economy afloat. With any luck, it will bounce around our economy for a little while before zooming off shore. The bump in spending will spur an increase in the price of oil, and I get to pay even more for food & gas.
What about the people who have been laid off by the vampirarchy? We can’t extend unemployment benefits because people would be counted for a longer length of time. That would make our unemployment rate closer to the real number. No, they have the honor of subsidizing the companies that laid them off. Since Pelosi is so ready to abandon them, maybe it’s time for a permanent tent city on her front lawn. Should we call it Pelosiville or Pelosiburg?
By the way, Pelosi is so busy fixing the economy, we are going to have to put off those subpoenas for Josh Bolton & Harriet Miers a little while longer. But she promises to get to it, just as soon as this emergency is over.
And what has our Senate been doing about this mess? Reid decided that they are too busy to deal with economic problems. They need to make sure that the telecom companies have immunity for those wiretaps that weren’t illegal.
John Edwards has a really stupid idea. Many the economy would be stimulated if people had good jobs. And we could use these jobs to make the country more energy efficient. Wow! hope for a better future, that couldn’t possibly spur the economy.
Note: vampirarchy – A set of ruling persons, comparable to vampires.