So much to be outraged about these days. I’ve got ‘em stacked up like delayed flights over Dulles.
Speaking of which, can you believe the nerve of the chief execs of Goldman Sachs, Morgan Stanley, and Citigroup basically lying to the nation in claiming that “inclement weather” prevented them from showing up at a meeting at the White House on Monday? You know, the one where they wee going to be asked: “Hey guys, we gave you hundreds of billions of taxpayer money to save your corporate jets and your economy-wrecking banks, how about doing a little lending to smaller businesses so they can help create jobs and get us off the ten per cent unemployment dime. That was the purpose after all. Not to preserve your obscene bonuses.”
But nooo. … Despite the corporate jets (and, by the way, the existence of something called “railroads”), the “fat cats,” three of them anyway, turned out to be “scaredy cats.” Afraid to face the music for their depredations, they claimed that “inclement weather” prevented them from flying down for an 11 a.m. meeting at the White House.
And it was all, basically, a lie! Thanks to gawker.com for doing the kind of investigative reporting that the MSM largely failed to do, demonstrating conclusively that there was no real weather problem that a fat cat who wasn’t a scaredy cat couldn’t have overcome if the railroad was too plebian for him.
It’s not only a rebuff to the White House; it’s a rebuke to the American people who saved their sleazy institutions. They sure came running to Washington when they wanted a bailout! Neither rain nor snow nor inclement weather could stop these greedheads when they were hustling for an unearned hundred billion or two to cover their shady practices, which brought the rest of the economy to ruin.
When Obama used the phrase “fat cats,” some were outraged that he dipped into old-fashioned populist rhetoric.. These frauds proved that they deserved worse.
Reminds me of JFK and Roger Blough
Let’s be clear about this: president Obama made a decision to recapitalize the banks by having the Fed let banks sell money back to the Fed at a huge markup while offering no debt relief to the general public. In fact, banks tightened loan requirements even further last week. At the same time, mortgage re-insurers remain deeply in debt as the U.S. government continues to feed them money which is nothing more than printing money and saddling the people with more debt to be paid with higher taxes on working people. Real unemployment is just under 20%, as Congress extends jobless benefits, creating more debt. There is no logical way that this situation will not lead to a VERY GREAT DEPRESSION, and no meeting can make much of a difference. The only way out is with massive U.S. military intervention in the MidEast, including the seizure of economic assets such as oil fields, to pump up the economy on a war footing and strike fear into the rest of the world.
OH, Ron don’t read these posts, oh, Ron, don’t read these posts…The problem in a nutshell: If Lloyd Blankfein tells his security detail that he wants a hot dog they usher hims out to the cart; If Obama does the same, the SS looks at him like he’s crazy…now, who’s a gotta da powa?!?
pity post.
I wouldn’t make a trip to DC just for some moron who has never held a real job in his life to tell me how to do my job.
Has it occurred to Obama or the author that businesses aren’t borrowing? The economy stinks, unemployment is still rising, business and the upper middle class is about to get hammered with healthcare taxes, the Bush tax cuts are about to expire, the Democrats might even decide to ensure our economic demise with Cap & Tax.
What sane business leaders are going to borrow money to grow a business right now?
Don’t worry about that, just flog the banks to lower their lending standards and blame them for the economic problems. What’s the worst that could happen with this plan?