Don't like the bailout? Then you aren't scared enough.

[wizardwatson]

This article at cnn contains plenty o' fear mongering.

http://money.cnn.com/2008/09/22/markets/thebuzz/?postversion=2008092211

My favorite part is how they say that 10% of the job market could be affected by failures in the financial industry.

This is absurd. Not the numbers, but the insinuation. If jobs are created from false premises, then they should be eliminated. This is the same argument that people use against shrinking government, we'll lose jobs.

Fuck those jobs!! Let the market allocate the jobs. If we have bloat in a sector, those resources need to be reallocated. Why don't they just sloganeer "Vote for the bailout! Save a bureaucrat!!"

We got almost as many shiny, marble banks in this country as we do churches.

My basic point is this:

Arguing that failing sectors need to be propped up to preserve the status quo and save jobs is ludicrous. This is worshipping malinvestment, and only keeps huge unproductive sectors in the economy (read: government and cronies) solvent to the benefit of those actors the market has shown to be undeserving of solvency.

 

[wizardwatson]

Another jewel from the article:

"There should be outrage. We should all be disgusted that the government was forced into this situation. I'm infuriated that it came to this."

Yes, they were "forced" into this, that's it. Ignore, sheeple, the fact that they created it. That's a topic for another day, now is the time for unity and resolve.

 

[MsDoodahs]

I saw some stuff about Iran on the tube at the noon news on one of the bidness news channels..

Same old same old "Iran may be HIDING THEIR NUCLEAR INTENTIONS" bullshit.

Fully intended to scare the beejeebies out of the easily frightened pack of rabid ignoramuses who still think we're at war "because they hate our freeeeeedom."

BE AFRAID, AMERICA! BE TERRIFIED!

Reminds me of that line from V.....from the chancellor....when he screams....

"I WANT EVERYONE TO REMEMBER


WHY. THEY. NEED. US."

 

[yokna7]

How do all of these analysts deny the fact that the United States is a nation in decline. That is the fact. The federal reserve system brought us to this point and the best we can do is either manage the decline or destroy the system. The dollar is not gonna be the major reservce currency forever because of its endless devaluation. Politicians and economists alike need to accept this fact. Once the euro takes a 50% claim as a world reserve currency they'll take notice.

 

[wizardwatson]

Even the Obamaniacs over at HuffPost are sick of the bull. Check out the deluge of comments:

http://www.huffingtonpost.com/2008/09/22/bush-pushes-to-pass-bailo_n_128314.html

Lot's of "let them fail" comments.

More rifts in the status quo.

I think their hope that the Dem's will actually show backbone in this crisis, will again be shot down though.

Guess I'm a cynic.

 

[muh_roads]

By not letting the system fail, they've now gauranteed that 40-50% of the job market will fail in the future.

 

[yokna7]

By not letting the system fail, they've now gauranteed that 40-50% of the job market will fail in the future.

Your right, we need to liquidate and revise the system.