20080918

On Good Morning America, BigMouthBiden said "It's time to be patriotic....time to jump in, time to be part of the deal, time to help America get out of the rut".

He's referring to raising taxes, folks.

It is not patriotic to pay taxes.

No taxation without representation, remember? founding principle, and everything, for the revolution? Did someone fail United States history as well as economics and civics?

I am SO ANGRY about these bailouts I can't stand it. Fannie and Freddie had to be bailed out. Ok, great, so now the government is really in the mortgage industry. Insurance? And now Detroit has come begging?

(here is my aside on Detroit: screw the Big Three. They have faced increased competition from foreign automakers for years. Rather than, oh, build quality vehicles, work on new technology that wasn't oil dependent, improve effeciency in their production lines, etc they spent time and money lobbying for increases in tariffs and taxes on import vehicles. Ever wonder why Honda and Toyota have domestic plants these days? Cheaper to make them here than abroad and pay that tax. For years, those asshats have sat their butts (rested on their laurels is waaaay too polite an expression) and let the money rake in, and now that they look obsolete and can't compete, they want to ask Congress for a bailout. Darlings, fuck you. Fuck all of you. You mismanaged yourself into a hole. I feel sorry for your employees, but...this is a free market. Remain competitive or die. You just died. Time to drop off the vine).

I am very disappointed in the leadership of our country. Whatever happened to accountability? What has happened in our country has happened because of lack of legal oversight (in the mortgage industry) and the complete greed of the people running the corporations of America (the same people who fire you, outsource your jobs, and then whine when their sales go down, and their stocks go down).

Every single American should be asking themselves this question: if YOU lost your company millions of dollars, would you still have a job? If you LIED about how something was funded, or the risk involved in a new project or job, would you have a job that paid you a gagillion dollars (or would you be looking at jail time)?

I see no reason to bail out Detroit. I saw no reason to bail out AIG (still don't). The only thing I see is that the Administration just bought us some expensive debt, that will either be paid for through tax increases or budget cuts. Now, the biggest bang in budget cuts traditionally comes out of military spending...so...somehow I don't think the $160 billion needed to cover the two existing bailouts is going to come out of the Pentagon's operating budget.

I see no reason to bail out any company who pays a CEO a salary in excess of a million dollars (not including stocks, etc). That is just greedy. I think the CEO of AIG, and the leaders of Fannie Mae, ought to be tried for gross negligence and incompentence and sent to jail. What? If I acted like you (or the rest of us in consumer land) the very second we got into trouble we'd all go running and asking for handouts. Wait, I forgot..we used to have the protection of the bankruptcy courts until companies like AIG and BOA and Chase and Citi all got together and lobbied Congress to change the laws so that they could recover more of their penalites and interest under the bankruptcy laws! That's right!! I remember now, the little guy has no recourse! There is no single person on this earth who is worth that much money. Period. End of Story. Ever. You guys get no sympathy from me - you did it to yourself, and you deserve to face the music.

And if that doesn't work -

Bring back the public stocks. I'll be first in line with a bushel of tomatoes. I can't wait.

6 comments:

Anonymous said...

Heh, heh.Bring back the stocks.(and shares)

Anonymous said...

And it is ABSOLUTELY patriotic to pay taxes as it is to aid those less fortunate in any society.

Eliza Doolittle said...

taxes are meant to pay for government services, NOT welfare programs :-)

Social security needs to be voluntary and controlled by the person whose money it is - mine, yours, Joe Schmos. You can keep medicare....

Really....I'm so mad right now that my "patriotism" has bought me an entire city (D.C.) full of pretentous clowns, morons, and thieves....

Anonymous said...

MARRIEDS CAN CLAIM BOTH SELFS ON A DUEL RETURN

WTF NOT FAIR AT ALL

Eliza Doolittle said...

You can be married filing jointly, or married filing separately (in which case you pay a higher rate). Or you can be single and pay the same rate as everyone else. Only families get breaks.

Anonymous said...

You tell them, Eliza!! This is such a greatly written post that I had to come out and tell you so. The States need people like you! You must get into politics and pronto!