[Tfug] OT: Bailout Bill

[Jim Secan]

At 09:56 AM 09/25/2008 -0700, keith smith wrote:
>Are we not in a pickle?  If we fund this bailout we all pay and the ones who 
>caused the problem get away with it.  If no bailout what does that do to our 
>economy?  Will it crash?  Will the world economy crash?
>
>It seems we are in a pickle.  You and I will more than likely pay $2000 each 
>for the bailout, or so that is the figure I am hearing.
>
>Do we have a choice?  Do we want another Great Depression? 

We don't really know, and given the propensity for shading the truth (I'm
trying to be polite) by the current administration it's hard to tell.
Their approach is to propose a solution that is, from what I can tell,
horrifically bad and then try to force it down our throats because the
barbarians are at the gates.  Basically, the Bush plan is "give us $700
billion with no oversight and trust us to do the right thing".  Yeah, right.

The fact that they don't want to put limits on the payouts given to CEOs
bailing out of these failed institutions gives us an idea of where they're
heads are at (up and locked, pretty much).  The argument is that the
companies in risk of going belly up won't take the US bailout money because
of all the little niggling strings attached.  That'll show them Democrats.
I don't see this happening.  If a company leadership turns down a bailout
because they don't get their golden parachutes and the company then tanks,
I would hope that their shareholders would take a dim enough view of this
that heads might literally role.

But, then again, the people in this country have shown a remarkable level
of stupidity over the past several decades, so anything is possible.  As
long as the leader of the country is seen as a good old boy that you'd like
to have a beer with, or ogle at a beauty pageant, that's good enough for
Real Americans.

Pfah, and </flame>.

Jim
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| Jim Secan           | Northwest Research Assoc, Inc |
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