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Thursday, January 28, 2010

25% Unemployment Without The Bailout

So says the guy who was on watch when we started printing hundreds of billions of dollars to prevent the loss associated with risk-taking from reaching his friends at AIG. You would expect the people who steered us toward a decade-long depression to try to justify themselves, I guess. No more bucks stopping anywhere these days (since they took "Thou shalt not bear false witness" out of the schools).

But come on now. Was there 25% unemployment when the S&L crisis happened? How can you say with a straight face that 25% unemployment would have resulted by not spending $182B to pay off some private investors?

Yeah, VFD, where does he get off?

Shut up, that's where. You just sit there and shut your proletarian mouth and let your betters decide what to do with your grandchildrens' money. You teabagger*.

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*Yes, it's a deviant sexual act. That's why they sneer when they call you that, instead of a tea party activist.

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