Fiscal Porn


It's obscene and you'll be footing the bill
CEOs and CFOs are scrambling to get some of the bailout. But they are overlooking some details.

The corporate types are too excited by the chance to write off debt with no cost to the companies. They never notice that the velvet glove stroking their genitalia has a steel claw inside.

With pop-out cutting blades.

And high temperature heating elements.

Do you find that vulgar? YOU SHOULD.

It's mercantilism. Crony capitalism. Corporate welfare. A perpetual sixty-nine between business and government that screws everyone else.

Those companies that are lucky to find strong political patrons will survive, but at dreadful costs. For every dime of debt the companies lose, they might spend five dollars in new costs, favors, or outright bribes.

The corporate executives, the board of directors, even the stockholders will have no voice in how the company is run.

The once mighty Masters of the Universe will be reduced to lapdogs.

Neutered lapdogs. With only two legs. And dyed obnoxious colors.

The companies that get assistance will be subject to the whims of a Congressman, or the bullying of a few technocrats.

That's just the first tier.

The second tier will be much worse.

That's when Congress will decide that the companies who have already been bailed out are too important to have to compete, so they will outlaw competition in those industries.

The groundwork is already laid.

— NeoWayland

Posted: Sun - September 28, 2008 at 05:02 PM  Tag


 ◊  ◊   ◊  ◊ 

Random selections from NeoWayland's library


Pagan Vigil "Because LIBERTY demands more than just black or white"
© 2005 - 2009 All Rights Reserved