Ive talked about the "culture of the offended" before.
Here is another example. Someone says something fairly inocuous - or even true - and someone is offended. The media does stir this up to some extent, still, I think its an interesting comment on our culture.
Obama says people shouldnt blow money they are saving for education in Vegas. The Vegas tourism industry is up in arms. Apology offered... anyways, I thought it was interesting.
Here is the link
http://news.yahoo.com/s/ap/us_obama_las_vegas
I know there are lots of conservative readers here. I still say i am neither - nor. That doesnt make me a moderate either. Im just an unafiliated cynic towards national politics.
Here is a link to another article that should tick you off. Conservatives yell about some poor guy bilking the system for a couple hundred bucks of welfare ... but there is no outrage when bailed out bank employees get millions in bonuses. What's wrong with this picture?
here is the link
http://www.washingtonpost.com/wp-dyn/content/article/2010/02/02/AR2010020203036.html?hpid=topnews
JJ,
ReplyDeleteI feel you pain!
First it was a plan to big to fail, by people making promises to BIG too fail, backed by a Government TOO BIG TO FAIL!
Then there were those contracts to the people that worked for those Banks that were too big to fail. So The Government that was too Big to Fail backed them up with a BAILOUT that was TOO BIG TO FAIL.
The Lawyers saw it was too BIG TO FAIL and threantened on behalf of their clients. So the contracts had to be paid!
So in the end nothing they do can fail cause its simply too BIG!
Its probably better to bitch about the guy and $200.00.
Because the rest is just too BIG TO BELIEVE!
History will record it as an attempt to ward off World WAR THREE by buying World Peace for
$787 billion dollars.
Instead of the buying back of all the worthless packaged loans sold around the world!
I was against the bailouts all along, and I do believe that banks who got the bailout should temper their bonuses. That said, there is a difference between someone LYING and breaking the rules to STEAL money from taxpayers, than there is getting contractual bonuses. I don't think government has any business telling private businesses how much they can pay their employees as long as the bailout money gets paid back.
ReplyDeleteAnd speaking of offense, someone zinged you good on Juniors blog.
That said, there is a difference between someone LYING and breaking the rules to STEAL money from taxpayers,
ReplyDeleteDo you mean something like derivitives the packaging of loans with different levels of risk as a type of insurance policy against default!
Then repackaging and selling them over and over until you don't really know their actual status and Selling them as a quality rated investment!
Then when things go straight down hill they force them into a bailout cause noone really knows their exposure and maybe even what they really own!
Then
Don't forget old Freddie and Fannie the largest owner of those type loans that is backed by the Government!
They Knew what they were doing and there were warnings against the derivatives and their ultimate consequences clear back in the Nineties!
then there is getting contractual bonuses. I don't think government has any business telling private businesses how much they can pay their employees as long as the bailout money gets paid back.
Actually, I agree with your statement!
But, what about the people that worked for other banks like Wamu who had their whole retirement in the companies stock by know real choice of their own. Which was Wiped out by the banks failure and now they have to keep working.
(A story I heard secondhand about someone's relative).
You should either BAIL THEM ALL OUT or none of THEM!
Now if you want to fast forward up to date:
They are saying now that Social Security may have to be the Next Bailout!
The lack of revenue coming in and the reduction of interest on the surplus may put it into a deficit this year! (Years ahead of schedule)
You can tax the living crap out of whoever you want but the answer still lies in Capatilism and the private Sector! Which is the supply side of demand! Or you can keep adding to the demand side which in this case is Government and spend like HELL!
One last thing: The National Debt isn't the only debt that will be carried onto the next generations! The cost to rebuild the aging infrastructure will be on their shoulders as well! Roads, Bridges, Sewers etc.
I didn't see a Zing at my post but I did read one who supported the womans right to choose!
There seems in those cases more than one choice!
The first choice whatever that requires should be to not have to make the second one!
I think the good life as we have known it is long gone. We will never have that back, not just because of one presidency, but many. However, I don't think we can blame just the presidents, but we should add in everyone from the law makers to the law abidders. We all fumbled the ball (or should I say our money?) We have squander away our good life, and singing over spilt milk will be our new tune.
ReplyDeleteWhat is Junior blog?
brand x.d.
ReplyDelete