If your foundation’s got a crack in it and your house starts to fall, do you climb up on the roof to fix it?
Written By: admin on March 19, 2010
4 Comments
I reckon it’s a honest comparison for what’s going on with all these “bailouts” and “stimulus packages.” I reckon it’s all crap. Give us the money, the ones who could really send the money different ways (I’d buy a groundbreaking new car, buy a house, pay off my parents’ house and get a dog). That’s stimulating the economy: the banks just got 2 mortgages paid off and a car loan; no terrible debt. What’s the problem?
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Tags: bad debt, banks, brand new car, Car Loan, climb, crack, crap, different ways, economy, fall, foundations, house, money, mortgages, parents, roof, starts, stimulus
a better comparison would be if your foundation’s got a crack in it and you house starts to fall, do you take out a sledgehammer and start whacking at the crack.
The problem is that the money has to come from somewhere. What ever the government does in the way of giving money to somebody, it must simultaneously take it from somebody, so the overall effect is nothing, only one lot of favoured people are being helprd by another lot of disfavoured ones.
And I don’t recommend fixing the foundations because there is a excellent chance the whole structure will collapse on you!
Please see my previous answer on this subject as to what to do.
Jon Stewart questioned a similar question to an economist on The Daily Show. Only his thought was that since the supposed terrible guy is not the irresponsible bankers and predatory lenders, but rather the poor people that can’t afford their mortgages, the government gives the money to the borrowers, who in turn use it to pay off their debts. Thereby killing two birds with one stone by giving the banks money and at the same time removing toxic assets from their books, which is supposedly why they are all insolvent.
I still can’t figure out why they tear off the roof when it is snowing out to feed the fireplace and contemplate rebuilding the roof in the spring, when they should have just cut emough wood for the winter to start with.What the fuck were they thinking?