Bailouts - something personal
March 27th, 2011My wife and I religiously go to the local Farmer’s Market. It’s for several reasons - I believe in Slow Foods (I’ve written about the Slow Food movement in the past), I believe in eating organic when possible, and I also believe that as a capitalist, you should support independent farmers as they’re good for business and good for the environment. It’s also a great place to check out babes and listen to good local music.
I always bring $40. That will get the three of us a lot of good food, and the rest goes into the musicians’ tip jars. So I come home with nothing but credit cards. Yes, I still have cash but that’s my technique. I’m on foot, so can’t spend the rest of my cash as it’s at home.
On the way home, I’ve been noticing more and more homeless folk. Yes, I know that a lot of homeless are alcoholic losers. But we’re seeing more and more of them and sometimes they’re not losers; just people with really bad luck. We’re seeing a lot more of the latter now.
So a homeless guy asked if I had spare change and I told him honestly I didn’t have a penny left as I gave it all away to the musicians at the Farmer’s Market. He asked if I had spare food. Usually I buy a bunch of Mexican food (from the Farmer’s Market) but I didn’t have any this time.
Bailouts
Meanwhile, YOUR tax money went to billions of dollars for bailouts for the super rich. If there’s any example of socialism for the rich, it was that bank bailouts. What the fuck were you thinking if you supported the bailouts? No, the economy wouldn’t have fallen apart. That’s what they want you to believe and your stupid politicians fell for it. Meanwhile, they gave themselves $46 billion in bonuses in the FIRST YEAR alone with YOUR tax money and threw huge parties.
Bad for business
I take my credit score seriously. Sad thing about credit score is you’re encouraged to have long relationships with banks. My bank that I’ve been a customer at was one of the banks that got the bailout money. They had the audacity to tell me that they have new fees where they charge a $10 a month service fee if I didn’t have either $1500 in the checking account or direct deposit. I really wanted to tell them to fuck themselves and close the account, but because of my credit score (history), I decided not to.
I’d much rather do business with a credit union. We’re slowly moving over to the local ones. For one, their customer service is superior. For another, they’re not a bunch of evil assholes like the big banks.
Look, we should have let the big banks fail. If you know anything about capitalism, you should know that monopolies are bad for business. They’re bad for business and bad for the consumer. Plus, they have these fat lobbies and end up having too much political power as we’ve seen with the bailouts.
Had those big banks failed, we’d have a better banking system. Thousands of little banks would have taken their business and it would have been better for the consumer.
We lost in so many ways with those bailouts. Vote them all out, folks. Everyone who supported the bailouts needs to go.