If you were watching CNBC or even follow MSNBC, you would have noticed this idiotic rant from one of CNBC’s so called market analysts.
Earlier we had Jim Cramer had a similar rant.
Notice how in the earlier instance, jim cramer was ranting about Ben Bernanke was doing all the wrong things and should cut interest rates and so on and on and on…. The reason mentioned is… People will loose jobs. Who are these people? It is those same market traders and other financial market workers.
Now that they have had their bailouts, “and” recieved their bonuses for the year, and assured of future bailouts as well, these people and their cheerleaders in CNBC want no bailout to home owners!
Rich, isn’t it?
When these guys get hit by a bus, it is a problem of the whole world and government and legislators and tax payers should bail them out, but when others get hit by a bus it is a question of personal responsibility. Even if those others, were suckered in by these very same wall street types into all those ALT A mortgages, sub-prime mortgages and liar loans.
What happened to all those questions of philosophy when house voted out the initial bailout and the stock market tanked? What happened to these rants when wall street executives cut sweet heart deals to pay themselves bonuses even as the tax payers were pumping in the money to save their companies? Ofcourse, this CNBC crowd probably never ventures out of their comfort zones of stock market trading floors and well appointed studio’s. No wonder this particular “reporter” waves his hand at all those traders to say “this is america”. He should really try his own cool aid and visit smaller towns and rural areas of america!
If home owners are not bailed out, then lets also un-bail out financial institutions, and when society degrades to tribal warfare, it will be all those construction workers, factory workers and manual labor who will, for once have an edge, over these masses of over weight and greedy you know who’s.
