Taibbi nails it.
By basd on Apr 16, 2011 219 views | In Announcements
"The technical name of the program that Mack and Karches took advantage of is TALF, short for Term Asset-Backed Securities Loan Facility. But the federal aid they received actually falls under a broader category of bailout initiatives, designed and perfected by Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner, called "giving already stinking rich people gobs of money for no fucking reason at all." If you want to learn how the shadow budget works, follow along. This is what welfare for the rich looks like." Story here.
The reason democracy doesn't work is that the vast majority of voters are morons. Who, for some peculiar genetic reason, find it necessary to protect the klepto class from intelligent, well-informed people who would actually make their lives better by instituting reasonable social policies.
But then again, that's the primary reason every form of government fails to work. Every government exists, after all, through the "consent of the people." Or you could say, with the "protecton of the people". Most of whom are morons and who, for some peculiar genetic reason, find it necessary to protect the klepto class from intelligent, well-informed people who would actually make their lives better.
My elderly cat has never been out of doors. Accordingly, she has never had a run-in with a dog. However, today she saw a large German Shepherd in the yard. She ran to the window hissing, her hair standing on end.
She does not do this when a bird, squirrel or human intruder walks uninvited into the yard. Just for dogs.
Genetics cause a lot of bizarre behavior.
No feedback yet
| « it's really not about money. (and then again it is.) | "balancing" the budget » |