Thursday, March 5, 2009

No Soup For You

Play along with me here.

Stretch your arms out as wide as you can. Wider. Wider! C'mon, you're hugging a big pile of money! WIDER!


Now, at the tippity tip of your right middle finger is zero dollars. At the tippity tip of your left middle finger is the total amount of all the bailout money that has been given to the financial industry since the late fall of 2008 -- TARP money, supplemental funding, zero collateral loans (of your money), handouts and golden cushions. All of it.

Keep stretching: that pile keeps growing...

Now, take all the money represented by the first knuckle on the middle finger of your right hand. That's the money the Obama administration proposes to use to help out homeowners who are in danger losing their homes.

I'm not entirely sold on that plan. But I'm definitely not sold on the billions and billions of dollars (with no real end in sight) being doled out to AIG, BofA, etc.

The Right Wing would have you believe that class war is the left's idea. But let's just see what happens when the barest fraction of their precious bailout money might be siphoned off to keep people under a roof. "Ooo, we can't have that! That rewards bad behavior!"

This is the true spirit of "trickle-down" economics, laid bare. The truth is, even the trickle pisses them off.

No comments: