Obama's 'considering' bailing out small businesses. Considering. And who suddenly put this brilliant idea into his head? And why now, after the goose is well and truly cooked in America? Why not when it had a chance of making some difference?
The effort would represent a striking shift from the rescue program's original mandate, since it would direct billions of bailout dollars toward a plan that aims more at saving jobs than at righting the financial system. Some economists estimate that small businesses, defined as firms with fewer than 500 workers, employ most of the country's workforce.
Look, you moron [or very clever cynic or stool pigeon for the very clever cynics – Them], you don't run down a nation, then bail out the architects of its continued misery and then think you might inject some funds into compensating small businesses for their losses.
Or as Bob G quotes, over at his place:
"Insanity: doing the same thing over and over again and expecting different results." [Albert Einstein]
The way you do it is to change, in the first place, long ago, the tax codes to advantage small businesses and entrepeneurs, introduce incentives to start up and create a climate which is positive to business, in particular small and medium business, the engine room of the nation and the giver of work to millions.
Anyone with half a brain knows you create conditions conducive to business flourishing and to the flow of unencumbered money.
Calvin Coolidge once said that the business of government is business. Why can't you and Brown get that into your heads? Why couldn't the Neocons on their multi-billion dollar forays into other people's wars get that?
Charity begins at home.
Meanwhile, in the UK, John McDonnell MP has written [hat tip Cherie]:
... In the last major economic depression in the 1930s, a Labour government fell because it decided that the cure for the latest crisis of capitalism was to cut public spending - in particular, to cut benefits to the unemployed.
A Labour prime minister and his main ministerial allies accepted wholeheartedly the economic orthodoxy of the time that public expenditure had to be reined in to stabilise the markets.
Working people, living at best on subsistence incomes but more often on the edge of destitution, were told that the country couldn't afford to pay them decent wages, house them, educate their children or treat their sick.
Labour ministers who stayed in office in the national government were applauded by their Conservative colleagues and the press for their statesmanship in telling their working-class supporters that they had to accept wage cuts and longer hours for the sake of the economy. These ministers were lauded for their patriotism in putting the interests of the country before the interests of their class.
The consequence of this acquiescence by a Labour government was a level of unemployment that impoverished millions of people in Britain and many millions more across the globe.
Over the last three months the same consensus has emerged across the three main political parties and within the mainstream media. In the interests of the country, wages must be cut, working hours increased, public expenditure must be massively reduced and there has even been a call to increase the retirement age to 70.
In effect the difference between the parties is not the direction of political travel but the depth and speed of cutting wages and public spending ...
For a start, this is not a crisis of capitalism, not in the least.
It is a crisis of an inept government, beholden to powers who wish for this situation to exist. Many pundits have shown enough evidence of the Morgans et al over there with their tactic of creating a melting pot and making a killing, a tactic so well known that when Goldman Sachs was tasked with it, they quickly trotted out their standard defence without actually questioning why the question would have been asked in the first place.
The arrogant always make small slips in the end.
Similarly, over here, can anyone seriously doubt that the EU is waiting to pounce, after October 10th, with its 'rescue packages'? The whole notion of letting a thing get so bad that people are seriously suffering up and down the nation and then cynically exploiting that, 'Them', to achieve your political ends is a one way ticket to hell once your miserable lives have been snuffed out.
You knew Brown was a total non-comp, a wood-duck who'd sell off the nation's gold and rob its pension funds and that pretty boy Blair was a 'how high?' man whenever you said, 'Jump!'
Effing cuts are what you've manoeuvred us towards, haven't you? The next step in the drama and you've let the feeders out to the press so they can take up the call. That's what this has all been about – manoeuvering as many of us as possible on to the dole, snuffing out any incentive in this country, nay, making it well-nigh impossible to create any new business and you've backed that up with stealth taxes like Land value and VAT etc.
You bastards, with your Gordon Brown grins.
Oh yes, we can see where this one's going. Who gets cut? NHS services to those who can least afford it. People excised from the dole which you put them onto in the first place with your plethora of constricted tick boxes and worthless NVQs and cards you must have to even apply for a job.
Are you going to remove the single mothers who see the dole as the way forward in this new Britain? Are you hell. Are you going to excise the chavs? Ha ha. You're going to excise the bourgeoisie who've been made redundant, aren’t you? Those who've committed the grievous sin of actually saving for their future, those who've played by the rules in the mistaken belief that their government would also do so, those who have equity in their homes and are penalized for it, those who'd hoped to have had a pension fund when they retired.
These are the ones you are targetting, under the guise of compassion. And why? Because you want to snuff out the middle class, the engine room of the capitalist society, meaning the free society. All that will remain is you at the top, doling out to the serfs down below who, by the next generation, will have known no other lifestyle but that of a welfare dependent.
You bastards. You're not going to get away with it.