Let me get this straight

If you are a Wall Street firm who maybe did questionable/creative accounting and loan making etc... you get bailed out at tax payer expense or get bought out by a bigger firm...

Does that mean the CEO's lose their life savings, houses, pensions and health insurance? Not a chance! The CEOs walk away with their megabucks intact.

But if you are a homeowner who got one of those firm's substandard mortgages? You lose your house, no one bails you out, and when you are homeless you may need to change jobs which might cause you to lose your health insurance [if you could afford that to begin with.]

Anyone else besides me see the unfairness of these economic policies?

The homeowner can't even get away form their debt thru bankruptcy anymore either.

So - the Bush policy seems to be: Fuck the people; Save the corporations!

I won't even go into the gas prices and the cost of foods caused by the idiot's financial policies and wars.

Does tho make me wonder if he cheated his way to his MBA - cuz he certainly has no concept of business or economics!

Another whoda thunk it

Two pre-Thanksgiving news clips:

Dark moods?

Americans enter the holiday season in a dark mood, with economic worries, security fears and a lack of confidence in government fueling growing pessimism, according to a Reuters/Zogby poll released on Wednesday.

The Reuters/Zogby Index, which measures the mood of the country, fell for the third consecutive month, dropping from 96 in October to 94.9 on new growth in the number of Americans dissatisfied with the economy and pessimistic about the future.

Think maybe it has to do with this news clip?

The plunge [stock market] came as investors remain frightened and uncertain about a credit crisis that does not show any signs of easing. Freddie Mac, considered a backstop for the mortgage industry, said yesterday that it lost $2 billion last quarter because of increased foreclosures tied to subprime mortgage defaults. Oil prices flirted with the symbolic $100-a-barrel level in overnight trading. Markets in Asia and Europe dropped sharply as investors questioned whether the United States economy will slow more than expected.

Gee if Rummy were still around - we'd have one of his who could have guessed stupidities.

Instead we have only my sarcastic "whoda thunk it"