"Free Market Experiment We Had to Have" tanks

YIPPEE!

The Free Market Experiment We Had to Have has tanked!

Socialists are back in business! (Just don't breathe the S-word out loud)

Didn't we tell them so!

So let's get back to bashing the rich which is right and proper.

Yeah! How cool would it be to sink the confederacy of dunce presidents, carpetbaggers, robber barons, corporate criminals, greedy Pig bankers, hucksters, subprime pyramid salesmen, craven politicians, spin merchants, welfare bashers, and all the dumb schmucks who've been duped by them, the pentacostalist nincompoops, the Joe Sixpacks - the ignoramuses who feel entitled to comment on things they're too lazy to educate themselves about.

Bit of a worry though that this bunch of dolts and crooks could be the concrete shoes that drag the rest of us down the gurgler...

Unfortunately DH doesn't understand high finance well enough to know whether sinking the banks will sink the rest of us. It's tempting to want to gloat, but history does teach us that when things tank, it's the poor that bear the brunt.

Bail out People, Sink the Banks

Bail out Main Street not Wall Street

In the US, they're calling for:

• Putting real regulations back on runaway financial corporations, and taking an ownership stake in exchange for any taxpayer support
• Providing mortgage relief so ordinary Americans stop losing their homes
• Putting millions to work by investing in new green jobs and infrastructure
• Investing in a health care plan to cover everyone

It all seems pretty relevant to Australia. Just add " invest in affordable housing" to that list.

How to fix the Wall Street mess

Can't go past this item by Michael Moore! Here's an excerpt:

The richest 400 Americans -- that's right, just four hundred people -- own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion.

During the eight years of the Bush Administration, their wealth has increased by nearly $700 billion -- the same amount that they are now demanding we give to them for the "bailout." Why don't they just spend the money they made under Bush to bail themselves out? They'd still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that -- at least not voluntarily. George W. Bush was handed a $127 billion surplus when Bill Clinton left office. Because that money was OUR money and not his, he did what the rich prefer to do -- spend it and never look back. Now we have a $9.5 trillion debt. Why on earth would we even think of giving these robber barons any more of our money?
I would like to propose my own bailout plan. My suggestion are predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps.

Sorry, fellows, but you drilled it into our heads one too many times:

There... is... no... free... lunch.

And thank you for encouraging us to hate people on welfare!

So, there will be no handouts from us to you. (more...)