Where was the $700 BILLION to rebuild our schools (you know there are still poor public schools that don't have running water or indoor bathrooms?)? Where was the $700 BILLION to fix our crumbling infrastructure? All the sudden Wall Street need an ass load of money to fix problems it created by being run by a bunch of pompous dicks, and Voila! The money is there.
Could you imagine if they have found $700 BILLION to fix education? Holy shit. We may actually have a good education system that is fair and educates children from poor areas just as well as kids from rich areas (this is why property tax funding of school districts is retarded and a perfect tool for keeping the less privileged in that position).
Now, I do understand the effect of not bailing them out. Its going to put a lot of people out of business right down to your local Amish furniture maker (well maybe not them - they have wealth in land). But you get the point.
I'm torn. Do we bail these assholes out in the hopes of protecting non-assholes who got hurt a long the way? Will it really put the economy back on the right track? Or do we let these companies and the people who made stupid risks, deceived people about the depth of the risk, and people who bought things they could never afford go under and let the market take care of it? If we truly go laissez-faire, the market will adjust and correct the loss of these giants. In a free market, you do need some failures to clean the market of shit. Its painful, takes time, and some people will get hurt (ruined), but in the long run, its the safest way to a well functioning market.
Hopefully the new FBI probe of Fannie, Freddie, Lehman, and AIG will expose lots of nasty shit so we can start clearing some of the feces out of the ranks of the people who really run this country- CEOs, CFOs and other acronym-clad dick heads.
I fear if we continually "quick-fix" the economy, we are going to get an even bigger shaft than Lehman Brothers bending us over in the future. And their shaft is already pretty big.
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3 comments:
It's kinda the same bullshit from a few years back when they used tax dollars to help build the Wachovia Center and Lincoln Financial field. The Philly school system is one of if not the worst in the US and we are paying for a stadium. The teams can pay guys $10 million a year, but they need our money.
Take my money and fix the schools and help the kids.
Wait, the used tax payer dollars for a fields named after corporations?
Sweetness.
The state approved funding in 1999 for Lincoln Financial field. I don't know how much, but even $1 is too much.
Google it up. You'll be surprised.
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