Saturday, October 8, 2011

Go Go Godzilla

Read at your own risk... This is just me venting... If you're in no mood for a lengthy diatribe, scroll down to Here's the bottom line folks...

Mit Romney, guessing political-wind direction, announces he'll go after China the minute he's confirmed... Chuck Schumer no longer tests the breeze, he learned a long time ago that the blame-China-game works in his district... What's strange is that President Obama, who, on behalf of the United Steel Workers Union happily tariffed China-made tires back in '09, isn't signing onto this China currency malarky just yet... Hmm?? I'm thinking he's feeling a different breeze, that maybe folks are beginning to see the political fakery and inherent [economic] danger in the old foreign-trade bait-and-switch maneuver...

"So what now?" asks the politician... "At 9.1% unemployment, at low single-digit GDP, where can we get more bang for our campaign buck?"

Last week the President urged the NEW Consumer Finance Protection Bureau to stop Bank of America from charging a $5 monthly fee for customer use of its debit cards: “You can stop it because if you say to the banks, ‘You don’t have some inherent right just to–you know, get a certain amount of profit. If your customers–are being mistreated. That you have to treat them fairly and transparently.”

Wow!!  An American President just said “You don’t have some inherent right to get a certain amount of profit”…  As opposed to, “you have every right to whatever profit you can muster, and the consumer has every right to take his business wherever he chooses”…. I think we call that FREEDOM!!!!

And I know, from personal observation, that even self-proclaimed fiscal conservatives are up in arms over B of A’s attempt to recoup the $2 billion/year it’s losing to the Durbin Amendment (reducing the “swipe fee” charged to retailers) – which is your classic case of government picking winners; i.e., retailers over banks…  i.e., retailers over consumers…

Here’s Republican Buddy Roemer:  “Wall Street grew to be a source of capital for growing companies. It has become something else: A facilitator for greed and for the selling of American jobs. Enough already.”  “It is Main Street that is being foreclosed on; and it is Main Street that is suffering while the greed of Wall Street continues to hurt our middle-class.”

Someone help me out here: What precisely is the agenda of the Occupy Wall Streeters? What are their demands? Why are they there? I mean the big banks paid it (the bailout $) all back with interest. If they want the individual bailed out, shouldn’t they follow the bailout money back to Washington; i.e., “you got the money back, now give us some”…


  1. Hi Marty,
    Thanks for your time you shared with us today. It was great time. Our freedom is indeed under attack and each day, Washington is cutting off a slice. That is what I call the bologna policy.

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