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White Collar Criminals

DALLAS IS A TRUE MAVERICK

 Tuesday, October 7th, 2008 at 10:00am by

When it comes to the bailout, I tend to be more in the “it was definitely needed” camp*; but regardless, this shit is damn funny. Someone should actually try this on the phone with a recorder going; I’d pay to hear the other end!

* Like it or not, the bank crisis affects every working American and the bailout is necessary. I have big issues with the government (aka our taxes) taking on this massive debt, and I loathe the financial advisors who caused this crisis in the first place. But everyone’s job and well-being is seriously jeopardized without a bailout, not just the wall street tycoons. On a micro level, when one wall street firm goes down so do all the supporting businesses; their car drivers, the food service workers, the cleaners, and pretty much anyone whose lives they touch — and they touch a LOT of people. On a macro level, business is done by borrowing credit. I promise that your employer doesn’t just always have reserves of cash sitting in a bank; they often have to borrow to make payroll and buy supplies. Can you imagine them saying to you, “oh, we’re owed a bunch of money. Just hang tight for a couple of weeks and THEN you’ll get your paycheck!” No, they sometimes have to borrow to get you paid on time every week. This is reality. And it extends to every job in every walk of life. No credit = you don’t always get paid. No credit = no new construction. No credit = no public improvements. Etc. Without the bailout, our economy grinds to a halt.

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  • sean

    Making money out of thin air doesn’t help inflation or the issue of interest. There are no reserves in the Fed, it’s just fabricated.

  • Sammy

    Isn’t that a $55 t-shirt you’re wearing, Dallas? Please to explain. :D

  • ricemine

    also the liquid assets between banks and banks sharing cash fluidly amongst themselves is a big issue BUT-

    how come after 8 years of not trusting every thing Bush wanted done and all the efffed up shit they passed abusing the US Constitution after scare-mongering us into believing our safety depends on shit we NOW SUDDENLY BELIEVE THEM?

    im not denying the economy is in dire straits but are we gonna take their word and let them pass some shit in a week?

    also it amazes me how many people who don’t believe in “Trickle Down Economics” suddenly are unknowingly advocating for it!

  • ERiK

    Maybe the government can bail out the recording industry too. While we’re at it, I need the government to pay my bills cause I can’t keep up. If I go down, all the liquor stores and bars in the area are going to go down as well. Fuck the communist bail out.

  • billybob
  • DemonicLemming

    I agree with Erik. If I go out and buy a fucking $200k Mercedes and only make $40k a year – regardless of whether or not the bank “should” have given me the loan, which is completely irrelevant here – if I default on the loan because I can’t pay it, it’s 100% my fault. It’s called personal responsibility, foresight, and financial planning. Same with all the $80k a year families who bought $950k homes on balloon mortgages. Not my fault they screwed up, so why should my taxes (and as a single young white male I get hit with over 35% of my paycheck disappearing, thanks big government!) go to help these motherfuckers when the average blue-collar family has been barely pulling along for years now?

    It’s funny how quickly help comes when the white-collar assholes fuck up, but the government and society in general is just fine and fucking dandy allowing the working backbone of the country live like modern peasants. Evidently Wall Street’s imaginary bullshit is more important than the actual real work that keeps things moving.

    And I think it’s hilarious how people screamed and bitched and moaned about the amount of money going into Iraq – what, $2b a month, something like that? – and now they’re praising a $700b bailout plan. Yeah, we can’t afford $2b a fucking month, but we can somehow afford a $700b bailout plan for private companies? Just shows how much fucking imaginary bullshit our national “bank” is founded on.

    Everyone was more than happy to sit around and point and laugh when GM and Ford were struggling, but when it might affect Wall Steet, oh good holy fuck we have to stop it now! It’s so elitist and hypocritical to be disgusting.

    We keep pumping the imaginary economy up and the potential for a massive disaster – and yes, it will happen, and sooner rather than later – keeps getting bigger and bigger. I can’t wait for Obama to get elected to implement even more bullshit commie/socialist programs to suck even more imaginary bullshit numbers out of the Magic Bank of the United States! I’m oh-so-sure his promises that taxes won’t go up will be followed.

  • Kye

    I’ve got an awesome plan for the economic crisis.

    *packs bags and heads for the airport*

    Wait…every country is getting fucked?

    *sells bags on eBay in hopes of feeding myself*

  • The Metal Nerd

    Firstly, The Bailout is a BAD idea. We uthe people do not need and cannot afford and Do Not Want 700 billion dollar bailout for the folleys of Capitalist Greed and corruption. Your a fool for beleaveing this will help the American and Global markets when all it does is help to further increase the gap between the rich and everyone else. and Erik, If you truely think this is some crazy communist sceme you need to 1. Stop smokeing so much pot you braindead stoner and 2. take your ass back to school and fucking learn what it really means to be a member of The Peoples Revolution.- See, This is why I stopped getting involved in politics. My fellow Americans are idiots.

  • http://www.hibernum.net Hibernum

    Given that I work in mortgages, I just want to thank all you tax payers for this bailout. I know, 700 billion is a lot of money. But just to put it in perspective, that is about 1/2 of an Iraq war. Small price to pay to defend our way of life, right? Just remember people, this is the American Dream.