• November 2008
    M T W T F S S
    « Oct   Dec »
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
  • Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

    Ronald Reagan

    ---

    When the government's boot is on your throat, whether it is a left boot or a right boot is of no consequence.

    Gary Lloyd

    ---

    We have a system that increasingly taxes and subsidizes nonwork.

    Milton Friedman

    ---

    The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money

    Alexis de Tocqueville

    ---

    Those of us who manage the public dollars will be held to account to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and our government.

    Barack Hussein Obama, 1/20/09

    ---

    My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it.

    Barack Hussein Obama

    ---

    “And the Democrats intend to lead the most honest, most open, and most ethical Congress in history”

    Nancy Pelosi, Election Night 2006

    ---

    A community organizer can't bitch when communities organize.

    Rush Limbaugh

    ---

Bailout Circuit City NOW!

It’s high time that we bailout Circuit City.  What would happen to the economy if we allow Circuit City to go under? We just CANNOT let this happen!

After all, it’s only fair that if the taxpayers bail out Wall Street, and then bail out FordChryslerGM, that the next logical step would Circuit City…

Will the Congress and Office-Of-The-President-Elect go for this? Not likely, because Circuit City is A). non-union (and thus not a voting block for Democrat Congressthiefs and Presidential candidates, B). Circuit City isn’t in the business of making sub-prime loans to people likely to vote Democrat and C). Congress is not interested in nationalizing the retail electronics industry (not sure how the President-elect feels about this, as his agenda is now apparently top secret).

I’m sure that by now, you’ve figured out that my proposal for Circuit City is extremely facetious. But it does illustrate the need for a more well-thought-out approach to how taxpayer money is used (if it were up to me, the companies that are going bankrupt should be allowed to; propping them up will only prolong the agony, and cause worsening of the economic situation).

Despite opposition from House Republicans, our fiscally-liberal,  lame-duck President and the remainder of Congress gave current Treasury Secretary and former Goldman-Sachs CEO Henry Paulson carte blanche to “bailout” Wall Street – “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” It was packaged as being urgently needed to open up credit, in order to get the stalled economy flowing. The plan was to buy up “troubled assets”.

It has now come to light that the great “bait and switch” has occured. The plan that was marketed as buying troubled assets has now evolved into using OUR money to purchase a stake in these banks. Yes, boys and girls, Socialism is alive and well in Obamanation, as the thiefs in Bohicaville are using our money to nationalize the Banking industry.

And with Democrat control of both Congress and The White House, there will likely be even MORE income redistribution, not to help the “less fortunate”, but to help politicians in office STAY in office.

Thank you brain-dead electorate. If you voted these people in, you’ll get “change” alright, but certainly don’t count on the tax cut for the “middle class”; pretty soon, we’ll have no middle class.

So what’s in store for us? Nobody can predict exactly, but it ain’t hard to see that it isn’t good.

Advertisements

2 Responses

  1. Great post.

    Bait and Switch is surely the name of the game. I’m all for income redistribution as long as some trickles down to me. But I won’t hold my breath.

    But as far as Circuit City is concerned, I’m afraid they’re toast.

    Check out my “Top Ten Reasons Circuit City Will Go Out of Business” at http://tinyurl.com/6kehc6

  2. I worked at Circuit City way back in the day, I had a pagan manager Circuit City: Not My Favorite

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s