0 comment Tuesday, August 19, 2014 | admin


But don't get mad. Get glad! Because Goldman, in true Walmart fashion, will donate $200 million -- or six days of its earnings -- to charity.
Shag us, baby!

Except, umm, Goldman, can you say "10-K"?

But, err, the bonuses announced last week by the big-bank, bailed-out boys seem indefensible.

To places like, umm, Antarctica or a deserted hedge fund in Iceland, leaving the rest of us high and dry.



Goldman and JP's bondholders, on the other hand, and their creditors . . . and their stockholders . . . and their employees? Lost not a penny. Accordingly, they're happier than pigs in sh-t, wallowing in record profits. Please accept in advance my apology for this crude but true metaphor, unoriginal but so apt.

If the video is too dense for you, fast-forward to 4:04 and go from there.
So let's do a quick review. Recall that Obama's Treasury flat-out refuses to say where the $700 billion it took from us, the taxpayers, has gone. This fact clearly troubles Warren.
Yet you'll see her in a clumsy pivot on the subject, blaming the mysterious TARP black hole on the "system" already in place when Obama took over.


And with the FDIC completely in the red (i.e., flat BROKE, probably through 2012 -- the 99th bank was closed last week), the last thing the government needs is a run on the banks. So much better that we have a run on our currency, right? Who needs the dollar anyway.

But it's more than infuriating. It's completely debilitating to our country's morale. The Obama Administration's policy of increasing our nation's indebtedness makes it impossible for small businesses to borrow, hire, expand, much less stay afloat (a/k/a the "crowding out" theory). This insane, let's-go-into-debt-to-get-rid-of-our-debt policy decapitates our economic engine. Are there any grown-ups left in DC?

Hells bells! And now even the far-left-leaning Nation is calling him the Whiner-in-Chief!
And yes, I'm whining too, damn it, while I worry with the best of 'em. Change? What change? 'Cause there ain't no change jangling in my pocket.

The change I'm imagining will be wrought by the never-ending increases in unemployment numbers . . . the steadily rising foreclosure notices (1 in 10 homeowners are in default), the food stamp statistics (more than 1 in 9 of us are on them), and, well, on and on it goes.
(Even worse, all this gloom and doom comes before the commercial real estate dam has broken. That shoe has yet to drop. Quick, somebody pour me a drink).
The other day, my beloved Maria and I were solving the world's problems. In the face of Obama's apparently anguished, Thirty-Something vacillation, the Mexicans, she said, would say "put some pants on." The English counterpart would be, "Man up, already!"

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