more bailout

Rewards

The radio did the usual spewing of Obamisms along with the standard string of words that is a must for any news item today

1. economy
2. deep recession
3. jobs
4. congress
5. bill
6. law
7. bailout
8. green
9. reward

every day you hear about one more bad decision that gets a pat on the back.

The reward of the day news was

People who got gas guzzlers are to be offered a check for 3500 bucks to give up their guzzlers. funny thing is that this is going to be based on the age of the car.

that is soooo ridiculous. people who bought gas guzzlers did so out of their own choice. the people who decided to market that product knowing that those vehicles are a blatant assault on the environment, did so knowingly. the people who sold that product to the people who sought that product did that knowingly.

now a string of bad decisions gets rewarded.

this is like offering heroin growers cash to grow something else. okay, that was not a perfect example as heroin is a lot more expensive than corn or wheat.

why?

Why should I work so hard and be responsible? why is the system tempting me to make irresponsible decisions so I can be rewarded?

why not levy a tax on the next round of DMV registrations on any vehicle that doesn't meet 20 mpg?

why not say "you pay 20 bucks extra for every mpg drop below 20mpg as part of a clean air tax" . Chances are if you got that hummer or Jeep or sports car that has ridiculous gas mileage you will pay an extra 200-250 bucks a year back. That can at least go towards subsidizing the bailouts of companies that make these vehicles.

It appears as though there is no sense in being sensible anymore!

You borrow way beyond your means knowing you might never repay a loan.. no problem. You are a voting consumer. You will be taken care of.

You lend money without any scruples to people knowing you will make a commission for giving away literally free money.. no problem. You will get bailed out with taxpayer dollars.

You keep making vehicles that are not competitive in an open market and sell your vehicles by linking it to car loans which you control and sell to people who buy the vehicles for all the wrong reasons.. no problem.. we will give you more money to keep making more of the same.

you buy vehicles that blatantly violate effective cost of ownership, environmental impact, no problem.. we will give you some cash so you can go buy a relatively more fuel efficient car made by the same dudes who made your current car.. and when that car becomes a gas guzzler in 10 years, we will give you more money to get rid of that car.

aaaaaaaaaaaaaaaaarrrrrrrrrrghhhhhhhhhhhhh!

Time to go buy that third hand hummer for 2000 bucks so we can get 3500 bucks to get rid of it!

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Senthilian economics

You have all heard of terms like Keynesian economics and the likes, but what in Goundamani's name is Senthilian economics?

Well, it is a sign of the times!
This video (with subtitles!), explains how the United States got the world in this mess!

Senthil shows one banana and accounts for two. The people who "created" wealth in the United States (the same ones who are getting the millions in bonuses for creating said wealth) used one dollar and accounted for it 30 times!

Chances are they learnt the trick from watching this video..

Some smoke, lot of mirrors, one buck reflected thirty times across multiple mirrors..

The bonuses for the guys who sell one dollar with all those mirrors is the real dollar!

We live in funny times.

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