$700B Unemployment Benefit: Will It Come?

Discussion in 'Economics' started by schizo, Sep 21, 2008.

  1. schizo


    Let's forget about Bernie and Hankie for a moment and focus on the cadre of their lame footsoldiers, namely economists, who walk in lockstep to the droning bullshit thrown by these unelected politicians.

    The main problem is that these idiots said the same thing when Bernanke went on a crusade to zealously slash the interest rate from 5.5% to 2% that only pushed the inflation through the roof. Regardless, their complete faith in Uncle Bernie proved them wrong. In short, they were wrong.

    These same idiots said the same thing when the Bear and the Stearns finally filed for a divorce. Although Bernie and Paulie steped into save their children, we all know how they turned out.

    These same idiots echoed in unison for the nationalization of Fannie and Freddie and yet the stock market took a beating.

    These same idiots, in their undivided support for Hankie's now famous slogan "too big to fail", unanimously gave their tacit approval for the $85B bailout for AIG.

    Now they're calling for a paradigm shift to redraw the financial landscape that will have a lasting effect not only for Wall Street but Main Street.

    But the bad taste that lingers with this $700B rescue package is this question: Will it work?

    Can we count on Uncle Sam to eventually provide $700B unemployment benefit should this latest plan fail? I have my own doubts, but only time will tell.