StrangerThan
Posts: 1515
Joined: 4/25/2008
Status: offline
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Yeah, that I'll be paid too much.
Believe it or not.
I look back on the last few months and it's sort of like.. the period at the end of a long sentence. In October, I was walking the streets of Manhattan with my girl. Everyone was talking bailouts, wanting them, needing them, grasping for them in the way a man dying of thirst in the desert would reach for a glass of water. Any hint they might not pass sent the market into free fall.
I read a projection by someone, can't remember who, that said the bailout wouldn't work. That corporate america would be back at the feeding stall within a few months. They certainly made the textbook definition of few in the sense of few being not many. Three months later we're reserving another trillion or two to pump into the market and feeling better that said market seems to be beginning to respond. I have no idea how much will go to these folks by the time it's all said and done, several trillion I'd imagine. One thing I do know is that the stock market seems to love infusions of taxpayer cash. It always rises for a while when there's more money to suck out.
What I do know for a fact is that if you work, no one came calling to bail you out. In truth, depending on who holds your mortgage or debt in general, you may have just paid 3 times to keep them sending you a bill. You pay your bill, give them a handout, pay more in hidden taxes to pay back the money you gave them. Somewhere along the line taxpayers are supposed to benefit. Maybe this $10-$15 is your benefit. At the least, it let's lawmakers appear to be giving something back to you. Appear is the operative word here. Despite stimulus money flowing into states, just about every one of them are looking at ways to increase taxes to offset budget deficits. And so is Congress.
I've never understood the ability of the masses to froth at the mouth in rabid fashion over a few dollars more in their paychecks while taxes and fees rise every where else. Watching people do it make me wonder sometimes if I was the only one who ever took a logic class.
I listened to a show not long ago about North Carolina where they're getting something like 6.4 billion in stimulus dollars and the governor is crying about a billion dollar shortfall in the budget - which means she's looking at ways to increase taxes to cover it. Now... her budget just got a 6.4 billion infusion that she wasn't accounting for and in times when a lot of folks are cutting back, she is damned well determined she will not. NC has almost 10 percent unemployment as well. So more taxes falling on fewer people seems to be the thrust of the idea - certainly not cutting back.
I see banks getting billions, AIG soaking up 180 billion by themselves, Wall Streeters shaking and crying, the president talking tough against car makers which is one of the few industries who actually produce something in America, and about the only place Obama can be tough without sending the stock market into a tailspin. I see trillions sitting behind the scenes that not one person voted on spending flowing into the economy while we bitch and gripe and raise hell about 165 million.
But damn, I got my $15. I'm going to rush right out with it and finance another home.
Right.
_____________________________
--'Whenever you find yourself on the side of the majority, it is time to reform' - Mark Twain
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Here Comes Your Stimulus Bonus - 
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