Tuesday, June 22, 2010

"What are they talking about?"

Awww...nothing brings that question to the forefront faster than C-SPAN and this time, it was no exception.

So there i was. Me, my friend, and on the television was Timothy Geithner speaking on behalf of the Troubled Asset Relief Program (TARP).

I realized something as i watched C-SPAN and listened to him speak to the Congressional Oversight Panel...

...One of us is f**king crazy...

...And for once, it's not me!

The spin zone around that man is so powerful that i think he's established his own source of gravity. You can't....you can't just print money and borrow your way out of debt! These people are so blinded by their own greed that i believe that they think that what they are doing (bailouts and such) somehow will help.

Bailouts come from higher taxes. Higher taxes only take money out of the hands of the buyer (You, me, everyone who pays taxes), making it impossible for that person to save properly or to invest that amount back into the economy. That is putting it shortly and sweetly.

The question that started the blog came during the political gymnastics as Tim and the Congressional Oversight Panel began to debate on a subject neither of them understand: economics. They were like two little dogs that wouldn't stop barking.

Both sides where convinced that the economy is getting better and both of them realized that mistakes had been made. Both of them called for more and more funding, be it borrowed or simply printed out of thin air. Really, i think that the core of their 'debate' was which one of the many illegal programs the government has they were going to pump all this counterfeited money into.

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