IF YOU SPENT: WOULD YOU SPEND:
$7 on gasoline $0.15 to pump up your tires?
$70 on lottery tickets $1.50 on a loaf of bread?
$700 on a faith healing seminar $15 for your physician’s visit copay?
$7000 on an Alaskan vacation $150 on a winter coat?
$70,000 on mortgage interest $1500 to fix the heater?
$700,000 on on lights and staging $15000 for a field organizer in NC?
Of course.
So, If you spent:
$700 Billion on reckless gamblers who produce nothing,
Why not spend:
$15 Billion, just 2.16% of that, on an industry that actually produces something?
I am still having a hard time wrapping my head around how congress spent $700B in a week, and has fought kicking and screaming helping out the auto manufacturers. Safeguards? Controls? Accountability? Fantastic! You got it, now pass it.
While you're at it, why not go back and add those safeguards, controls, and accountability to the TARP? Why not tell all the financial institutions that if they don't have a plan that accounts for every dime of the TARP they take and spend ready by March, they lose it? Seems fair, right? Seems like good business practice to perform due diligence on that size of loan.
Of course, producing something doesn't matter if your billion dollar cut of the big pie is already in euros, and you're on your way out the door. Industry? Producing something of value? That's somebody else's problem.
Originally posted:
PsychicToaster.com