The Red Brick Times

My understanding is that Social Security recipients will be getting a small increase in their monthly payments after the first of the year. Also after the first automatic deductions for Medicare part B (a required program that entails a monthly payment) will go up. Sort of a catch 22. The right hand giveth, the left hand taketh away. Compare this to the bank bailouts where the right hand giveth (WAY over the $700 billion we're told about) and the left hand secretly giveth more. Fucking unbelievable.
Posted 4:24 AM by whatley (3) comments

       Comments:

Remember how AIG was criticized for spending $100's of thousands of bailout money at a posh California spa? They learned from that experience. Kind of.

# posted by  whatley : November 11, 2008 4:27 AM
 
The Free Island Republic of Bob is looking really, really good right now. The dark side of the capitalism force is living in all the financial and insurance and automotive and oil and, well, every huge business struggling for the involuntary "loan" that we little people, through our taxes, have put up, courtesy of our elected attorneys in Congress. As we fight to keep our own lights on, graft (I mean, taxes) paid, and edible food in hand, a mob of businesses are clawing all over each other like a king of the hill scramble, to grab golden pork chops. How will this change the practices that landed them in the soup? How will they survive once the cash IV bottle is empty and they are booted out of the hospital? I fear that the final gasp practices of the Bush administration will hamstring us for a generation and will yield results that block the necessary fundamental change of our government and our business practices. Smaller and more flexible have been buzzwords in business for two decades, but the legacy of military-style management that we inherited from WWII is dying a bloody slow death. The financial bail-outs that seem to be the only tool available to the poorly-trained mechanics in congress may block healthy growth for some time to come.

# posted by  Andy : November 11, 2008 7:09 AM
 
I've decided that the capital markets invented a whole pantload of fantasy wealth and used it as leverage to acquire the real stuff that the rest of us actually made then screamed in horror when the little dog pulled back the curtain revealing the fantasy wealth to be a bad acid trip and are now insisting that another picture of money be painted so they can justify keeping the stuff. So they have commissioned Henry "Jackson Pollack" Paulson and his sidekick Ben "Kandinski" Bernanke to do the job and then sell it to the rest of us boobs as a work of art that will make our lives better. And we aspiring intellectuals will stand around cooing and nodding to give the impression that we understand what it is the artist is trying to convey when in fact its abstract art and even the artist doesn't have a clue what it means. Of course they will keep the stuff they traded the painting for and everyone else gets to think they are cool for having the balls to outwit us while turning our attention, once again, to figuring out an angle to get in on the action.

As Bobby Burns said in A Man's A Man " . . . dare be poor . . ."

# posted by  A. O. : November 11, 2008 11:36 AM
 
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