118th Trimester Fetuses!
I think this argument might actually work on Republicans who oppose the bailout of the auto industry.
You know, when I think about it, it's not even funny. Congress created a law in one day to keep Terry Schiavo alive. Millions of fully sentient workers? Not so lucky.
You know, when I think about it, it's not even funny. Congress created a law in one day to keep Terry Schiavo alive. Millions of fully sentient workers? Not so lucky.
posted by Matt Bors at
1:08 AM
2 Comments:
So wait, are you for the auto bailout? Not only do I think bailing out auto is wrong, congress needs to go back and cancel what's left of the TARP funding.
It's been a disaster. The only reason auto wants a bailout is because without the credit from the US government, auto will be a slave to the massively bloated and conglomerated banks.
Everyone was going crazy when they lost a few thousand from their 401k/IRAs and wanted this bailout, but what everyone failed to realize is that everyone lost thousands. We shouldn't want stocks to go back up. They never will. But if everyone is out a few thousand and if banks keep going under, eventually banks will be forced to sell mortgages back to home owners for pennies on the dollar.
Food prices will drop, fuel prices will drop, deflation will occur and stuff will actually be priced what its worth. Sure you may have lost $25,000 in retirement, but a soda would be 25 cents again. Deflation is not a bad thing. It would have brought down the upper-middle class and wealthy and made the dollar more valuable for the poor. It would have balanced out the classes and redistributed money naturally.
But now, we're propping up bad debt and keeping everything artificially inflated. The rich will stay on top as the middle class gets wiped out.
Damn..that's a long rant. I better actually do work today instead of reading blogs.
The amount considered for the auto bailout isn't a lot when compared with what Wall Street got--or something infinitely more disastrous, like the Iraq war. There are huge problems with the "big three" but ultimately I support this on the grounds of preventing job losses that could spark a great depression. Maybe that will still happen, maybe not. Maybe the autos should fail--I'm not willing to bet a depression on it.
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