
I'll start this rant with a quote from South Carolina Governor, Mark Sanford:
"[This bailout is] what you see in Russia or Venezuela or Zimbabwe or places like that where it matters not how good your product is to the consumer but what your political connection is to those in power. That is quite different than a market-based economy where some rise and some fall but there’s a consequence to making a stupid decision. A lot of people who’ve made some very stupid decisions are being bailed out by the population at large." I'm like millions of other Americans in being absolutely appalled by the events that lead our economy to the present recession. And I'm no less disgusted by the frantic, heavy handed and, as Governor Sanford puts it, "stupid" rush to give trillions of dollars to screw-ups and special interests in the name of bailing out the economy. But am I surprised?
No.
Surprise occurs when something unpredictable and out of the ordinary happens. And that's simply not the case here.
Today the story broke that General Motors will spend $1 billion of its tax payer bailout money on investments in Brazil. This news has, of course, been met with stunned disbelief and outrage by the American public. I say 'of course,' but who can seriously be surprised by this? Is there anything that the GM executive team has done in the recent past that would make this move surprising? No. These are the geniuses who flew their corporate jets to Washington to ask for money. They've made stupid decisions in the past and are merely continuing on course. THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE.
Speaking of corporate jets, until they were shamed and bullied into canceling the order, Citigroup planned on using part of their $45 billion in tax payer bailout money to purchase a new, state-of-the-art corporate jet. People were shocked and appalled. I was appalled too, but I must say that the whole jet thing is very consistent with Citigroup's track record. Oh, and did I mention, THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE.
No sooner did Bank of America get its $24 billion in bailout money then it bought a bank in China for $7 billion. Then followed this up by laying-off 32,000 employees. It's shocking, until you remember that this is the same Bank of America that gives credit cards to people who don't have social security numbers. Then it all makes sense: THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE.
The week after tax payers spent $85 billion bailing out AIG, company executives spent a half million dollars of it on a luxurious corporate retreat. The Huffington Post indignantly proclaimed, "They were getting manicures, facials, pedicures and massages while American people were footing the bill." Indeed, but let me ask you this: Is there anything in AIG's past actions that would cause you to expect a different course of action? Hmmmmm...well then I'm going to have to say, THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE.
John A. Thain, chief executive of Merrill Lynch, leads a pack of flunky Wall Street bosses who have handed out billions in bonuses to their executive teams despite the fact that their institutions have lost billions for investors, are no longer independently viable and have received billions in tax payer bailouts from the government. And yet news outlets nationwide marvel at how these organizations got into the mess in the first place? How could it have happened with such steady hands at the tiller? Are you serious? Thain spent $1.2 million to redecorate his office! HIS OFFICE!!!! And are you seriously taken aback by the billions in bonuses to executives who should have been summarily dismissed for piss poor performance? Come on! THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE!!!
Is there anyone out there who's beginning to see the pattern here? Anybody need a few more examples? Because I've got 'em. How about just one more--the proverbial icing on the stupidity cake.
We just elected a man who vowed to replace the "politics of fear with the politics of hope." Two weeks later he's appointed a tax cheat to run the IRS and goes on TV daily with doomsday forecasts aimed at intimidating Congress and frightening the American public into passing a pork-filled, trillion dollar spending package. Lions and tigers and bears, oh my! The bill was drafted behind closed doors by a handful of congressmen from one party lead by House Speaker Nancy Pelosi (who recently claimed that, "five hundred million Americans lose their job every month"). Now they're pressing hard to pass the bill in the name of expediency and expect us to believe that a) it's a good bill, b) it will fix the problem, and c) it has to be passed right now, as is or we're doomed as a nation.

I have my doubts. And why shouldn't I when it comes to Congress? This is a group who earns their single digit approval rating year in and year out. Gross, bureaucratic incompetence is their hallmark. And these are the very people to whom we pay taxes--who decide where our money goes. And they've decided to use it (plus a bunch more money that they'll have to borrow and a bunch more that they're going to print) to bailout, and thus socialize, the economy. Sorry, but I wouldn't trust Nancy Pelosi to hand out the condoms she claims will stimulate our economy, much less trillions of dollars of taxpayer money. But she's going to. And our children and grandchildren will be saddled with a crippling debt, paving the way for creditor nations like China to takeover the political and economic leadership role in the world.
It sickens me. It really does. I'm angry, disgusted, embarrassed, outraged, saddened, nauseated, fed-up and pissed-off. But I'm not surprised. And I'm not saying don't pay your taxes. All I'm saying is.....
THIS IS WHAT HAPPENS WHEN YOU GIVE MONEY TO STUPID PEOPLE!!!