Bring It On!

Where’s My Bailout?

September 22nd, 2008 | by Cranky Liberal |

I’ll keep this short and sweet because I’m to busy trying to pay off my bit of the trillion dollar rescue  plan to wax poetic, but I just have to ask Where is my bailout? I work hard, I manage my money correctly, I pay my taxes on time every year. Where is my bailout? I don’t get creative with my finances, don’t bite off more than I can chew, don’t take risky gambles with other peoples money just to live a bit better. Where is my bailout? My credit card debt is low, my cars are not fancy and my home is modest, Where is my bailout?

I DID IT RIGHT and now I’m stuck paying the bill for a bunch of fucking greedy bastards on Wall Street and Main Street who didn’t learn that you never win in 3 Card Monty.  Yes I said Wall Street and Main Street because both are to blame. People were buying homes hoping to flip them quick for cash. They were buying homes fancier than they could afford because they just had to have it. Then we have the  predatory lending racket designed to push people into bigger homes whether they could afford them or not. Hell not just predatory lending but and out fraud in a huge number of cases. I know people whose broker falsified their income to get them a bigger loan. Doubled it without a care in the world. Until they couldn’t afford the house that is. Then they cared.

And on Wall Street  we had the packaging of those same dubious loans and chopping them up so fine that there was no way to evaluate real risk and reward. All the while they patted themselves on the back about how clever they were, how much smarter they were, how rich they were.

Greed. Greed and stupidity.  Now they need more of MY money. More money from the people who didn’t screw around. They need to take money I wanted to go to education, roads, alternative energy, healthcare etc and spend it to prop-up these same minmanaging idiots who for years have worked to eliminate as much of the tax burden as possible. Think about that. They wanted to eliminate the capital gains tax and lower their own tax burden for decades and now they have the balls to come crying to us????? They help bankrupt us and now they want us to go further in debt to pay for their stupidity? Maybe we should tie the help to an increase in the Cap Gains tax so that they can help finance their own rescue. Na that makes too much sense.

Maybe this will knock some sense into John Q. Public who for decades has been living under this delusion that you can have your cake and eat it too. That you can have a functional government and not pay for it. That you can have a thriving market but no oversight.  Maybe this will tip them off that you get what you pay for in your country the same as with a car. Maybe it will convince them that if you want a better world someone has to pay for it.

Right now that someone seems to be me, and the millions of responsible adults that act like a fat man at a buffet. They want more of my money and I’ll be left with nothing to show for it. Just more burden to bear as usual.

Where is my bailout? Here’s hoping it’s in November when we can change the direction of this country. Right now the cost of more of the same is killing me.

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  1. 4 Responses to “Where’s My Bailout?”

  2. By Jet Netwal on Sep 22, 2008 | Reply

    I had a thought, Cranky. If taxpayers had to pay that bailout directly as a separate tax obligation, one where they watch it coming out of every paycheck as a separate deduction - “Idiot Bailout” for example, think how people would really feel about this. My earnings, going directly from my check, to pay for some fat cat’s irresponsibility.

    That might get their attention.

  3. By Liberal Jarhead on Sep 22, 2008 | Reply

    I think that should be major part of the campaign message of every Democrat running for national office - drive it home - “The corporate mismanagement made possible by the party that has been saying government is the problem and pushing deregulation is costing YOU $2300 per man, woman, and child this year. These are the same party and the same philosophy whose deregulation brought us the Great Depression 80 years ago.” “This $2300-a-head corporate mismanagement bailout tax brought to you by the Bush Administration - according to 95% of his votes in the Senate, John McCain approves this economic train wreck.”

    Giving these people more money because they blew it this way is like helping a junkie by giving them more heroin so they don’t have to go through withdrawal. The only justification for this bailout is if it reduces the suffering of the average American, not the dipshits who, like Enron’s managers, thought they were the smartest people in the room.

  4. By admin on Sep 22, 2008 | Reply

    Agreed LJ. No perks, no compensation for these morons. I want to know when the loans will be paid back. I want to know where the money is coming from. Like I said, raise the Cap gains tax a percent or 2 and earmark that for this bailout.

  5. By becks on Sep 23, 2008 | Reply

    Love the idea of higher cap gains taxes to pay for this crap. And the “idiot bailout” tax category on my pay stub is brilliant.

    However- there is something you can do about this right now.

    Tell congress to vote no on the bailout as it is. See:

    They’ve got a form letter or you can write your own. It’s time to speak up and tell these people that handing over 700 billion dollars to the people who created this problem is NOT the solution.

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