BAILOUTS MAKING MONKEYS OUT OF US ALL
A friend of mine sent me the below clever forward about the first bailout package set forth by the Bush Administration. I thought, GOOD ANALYSES, FOR SURE, THE WALL STREET GANGBANGERS MADE MONKEYS OUT OF YOU AND ME… Bailouts make no sense at all… Especially the bonus part… (giving billions and billions of bonuses to top executives for failure… YIKES! BEAM ME UP SCOTTIE!)Goes to show you… only the very rich can expect government help… THE POOR? Well the hell with the poor… Reagan started bashing the poor when he coined the phrase WELFARE QUEENS…
WELFARE QUEEN: The term entered the
American lexicon during Ronald Reagan’s 1976
presidential campaign when he described a
“welfare queen” from Chicago’s South Side.
Since then, it has become a stigmatizing label placed
on recidivist poor mothers, with studies showing that
it often carries gendered and racial connotations.
Although american women can no longer stay on welfare
indefinitely, the term continues to shape American
dialogue on poverty.So when Governor Ronald Reagan aimed his political
ambition to the White House, the legend of the
so-called welfare queen became a rhetorical red meat
for Mr. Ronald Reagan, who had conveniently
“employed the graphic anecdote as a devastating
campaign weapon” given the fact that the poll at
the time showed that the food stamp program was rated
the most unpopular social welfare program. As the
president of the United States, Ronald Regan
continued doing what he had been doing since he was
the Governor of the State of California –
cutting social programs in the names of fighting
“waste, fraud and abuse,” cutting domestic
programs like food stamps and school lunches,
preaching fiscal frugality and distrust of
government; forcing welfare mothers to work; feeding
of rugged individual heroism, as he stated in his
1981 inaugural address – “We have every
right to dream heroic dreams…I am addressing the
heroes of whom I speak – you, the citizens of
this blessed land.” – meaning, everyone can
pull themselves up by the bootstraps; poor people are
heroes too who can take care of themselves; they are
not society’s or government’s responsibility.
from this site: http://en.wikipedia.org/wiki/Welfare_queen
You’re on Welfare… if you get help from the government to feed your children but if you are a wealthy corporate executive, you are not a Welfare recipient, you are just getting a BAILOUT to help the American Economy… WHAT? Scottie where the hell are you? thinkingblue
Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.
He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers: “Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 … and when the man returns from the city, you can sell them to him for $50 each.”The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how the WALL STREET BAILOUTS WORK!!
IN A NUTSHELL
When acting in accordance with the greater fool theory,an investor buys questionable securities without anyregard to their quality, but with the hope of quickly selling them off to another investor (the greater fool),who might also be hoping to flip it quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.
When acting in accordance with the greater fool theory,an investor buys questionable securities without anyregard to their quality, but with the hope of quickly selling them off to another investor (the greater fool),who might also be hoping to flip it quickly. Unfortunately, speculative bubbles always burst eventually, leading to a rapid depreciation in share price due to the selloff.
The GREED goes on and on while America sinks. thinkingblue
also on youtube
The Bailouts – Welfare for the rich!
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January 27, 2009
Op-Ed Columnist
The Same Old Song
By BOB HERBERTWhat’s up with the Republicans? Continue Here
http://thinkingblue/blogspot.com