October 7, 2008
Tom Harkin: The $700 Billion We Confiscated Wasn't Enough
Liberal Senator Tom Harkin has figured out what's wrong with flushing $700 billion down the drain with the pork-laden bailout debacle, only to watch the stock market respond by going into a tailspin. The government didn't spend enough of our money. Seeing that our pockets aren't quite completely empty, Harkin bellows:
I believe we're going to have to take some money, put it into jobs and creating jobs for rebuilding road bridges and water systems, our schools.
Whether confiscating still more of our money will create any jobs or improve education is doubtful, but one thing is for sure: no matter how much they take, it will never be enough.
On a tip from Todd S.
Posted by Van Helsing at October 7, 2008 8:34 PM
No enough never enough the liberal demacratic dragon is still hungry
Posted by: Spurwing Plover at October 7, 2008 9:12 PM
It's alot easier to keep the cork in the damn then put it back in. Of course, the libs wanted the town flooded in the first place. And everything can be blamed on Bush, as every democrat involved in the housing market disaster will tell you.
Posted by: conservativeteen at October 7, 2008 9:13 PM
When conservatives like me give up… When we move lock-stock onto our modest properties with good dirt to grow food and with a small pasture to grow meat; when we begin trading bushels of corn for fat pigs; when we start trading fresh green beans for fresh milk; when as far as we have to go is the neighbor’s place 40-acres away – and we still have the means to be able to defend what is ours from those who would take it… dipwad liberals like Harkin will be suffering.
The stupid idiot liberals don’t understand that the only thing standing between them and starvation is conservative work-ethic, and conservative ammunition.
Screw the silly liberals – if they aren’t smart enough to learn to sustain food, then their god Darwin takes over and they’re toast.
Posted by: Jimbo at October 7, 2008 9:37 PM
So after stealing our $700 billion to socialize the finance industry, in order to solve a problem not proven to exist and whose impact, if any, would be unknown for weeks or months, the government is now back for more. And McCain would like to add a few hundred bil onto that to buy out all the bad mortgages across the country.
I am rarely an alarmist, but this is a real cause for alarm. These people are children - f***king children who do not know how to manage money or the public trust. We are in some serious shit.
Here's Mega's plan to get things back on track by starting over.
1) No matter what happens or what threats are made of intergalactic collapse, not one bank or car company or hedge fund or mortgagor or subprime dealer gets one penny from the US government. The only word that goes before the word "bailout" in any government document is "No"
2) Banks and financial institutions that fail, get a copy of Darwin's writings on survival of the fittest to help them understand their predicament, a 2 week severance pay, and a box to clean out their desks. Further, they receive help getting all their belongings off site immediately so that "For Rent" signs can be put up where they used to work.
3) The U.S. govt backs all cash deposits of consumers in US banks, similar to FDIC but with no dollar limit and across all deposit types (money market, CD, etc.). This insurance is provided for two years, and then it stopped.
4) Anyone caught by local authorities whining, after the government has fully ensured their entire life savings so that they have ZERO financial risk, is given 10 lashes and forced to watch 24 hours of movies of what it REALLY looked like in the 1930's, not this mamby-pamby slowdown exploited by Democrats to feel like the apocalypse.
5) The regulators are kept on a super-short leash, but told to do one important thing. Every financial product will be brought before a review board of 6th graders. Anything the kids don't understand will be rejected and disallowed. Anything the kids do understand will be field-tested by normal, everyday citizens using banks' money, and if they lose any money on it, the product is canceled forever.
End of story. No more potential depression.
Posted by: mega at October 8, 2008 12:18 AM
Could this be the same honorable Senator that lied about being a combat fighter pilot during the Vietnam war? You betcha!
Posted by: Steve D at October 8, 2008 12:53 AM
Well, if there's a silver lining, maybe the FedGov will be too broke to implement socialized health care.
Posted by: V the K at October 8, 2008 6:33 AM