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Monday
Mar092009

We are like that only !

This phrase is more popular in India.

Do not know if some famous Indian head honcho said this and it became some kind of classic quote, so readers please provide a link to the origin of "We are like that only!", if you have it.

Now, this is used usually in a defensive state, as in "dont tell us how we are doing, dont complain about how we run things, etc. etc." and it ends with "we are like that only!".

It is high time Americans adopted the phrase.

Why?

The US economy is going through its worst time
Taxpayers are going to be taxed more with all bailouts
Money is literally being pumped in to the same channels which got the US in this mess and

While all this goes on two news items today catch my ears:

1. Citibank gives bonuses to employees in the form of cards with $1,000 to $3,000 loaded in them!

2. American express decides to offer 300 bucks to a bunch of American express card holders, if they would close their credit card account and pay their bills.

Here is the funny part according to what I heard on the radio.

Let us say, you have $ 500 left in your amex Card. Now you transfer the balance to another credit card, thereby essentially paying off the Amex card, you get $ 300 from Amex!

You just made 300 bucks courtesy of some bailout money for which guys like me are busting everything they got working 18 hours a day, 6 days a week! It is however sad that you are still in debt by 200 bucks.

If you happened to transfer your balance to Citibank, the guy who gave you that credit card offer will get another bonus for his brilliant ability to get "more business" and they will give him another $3,000 gift card, courtesy of more of taxpayer money. I will probably have to work 18 hours a day all seven days a week!

If the person whose account Amex is trying to close is as fiscally responsible like I expect him to be (I am literally rolling on the floor laughing at my own sarcasm with happy and sad tears), he/she will figure out a way to transfer the balance do some juggling and get a perpetual payout machinery.

Before you know it, a couple of more billion dollars will be syphoned out of the system.

At that point I will be working 27 hours a day nine days a week!

Hi, if you think that cannot happen, think again. There is no bottoming out of this crisis. The next bailout to bailout the previous bailout will be approximately 10 Trillion dollars and it will involve bailing out rotten banks, loan brokers, real estate agents, mortgage lenders, wall street firms, insurance agents, credit card companies, etc. etc.

What to do?

We are like that only!

.

Reader Comments (6)

Not to make fun of the situation or anything like that, but I think the phrase "We are like this only" was first used by Channel V during its launch.

I know it is useless trivia, but then since you began the post wondering which jackass first started using the phrase, I thought it pertinent to put up as a comment.

March 10, 2009 | Unregistered CommenterJairam

Shedding raktha kannir .. no kidding !! and all this for what fault of ours? coz we payed our taxes on time and did not default or have a clean history? thalai ezhuthu.

-Soujanya

March 10, 2009 | Unregistered CommenterAnonymous

That used to be the anthem ! And we used to say this for everything...after a poor show, after a wasted session etc....

and then, followed it up with a Quick Gun Murugan statement : Mind it !

But about the current situation, what more can i say... there are no bailouts. In real terms !

March 10, 2009 | Unregistered CommenterKavi

"we are like this only" was an old mid 90s MTV thing. It went "MTV! we are like this only". Then MTV became channel [V] and the story went on

March 10, 2009 | Unregistered CommenterHawkeye

sundar:

you ought to be happy. in addition to everything you mention ... our condo has lost 66% of its value in for years, leaving us upside down like nobody's business.

and guess who will be lucky enough to pay the condo dues on behalf of the deadbeat condo owners whose foreclosures have been halted thanks to government intervention? yup, we're the lucky ones.

on the other hand, the news showed folks living in tents in the outskirts of sacramento. i guess danny boyle will not need to visit third world countries for his next movie!

- s.b.

March 11, 2009 | Unregistered CommenterAnonymous

There was a time around 2003-2005 when every Tom dick and Harry ( sorry Senthil/Gopi/Sarathy in town..spoke only about Real estate and buying a home/condo in places like Pittsburg,Antioch,Tracy etc. Just for money !! That's what caused all this mess. GREED !!

When did a Real estate bust like this happen earlier ? I don't know.

Like Desis would say ' I told you no? ' !!

March 14, 2009 | Unregistered CommenterNarayanan Venkitu

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