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Larisa Alexandrovna: Conservative Economics Works Like This...

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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 07:50 PM
Original message
Larisa Alexandrovna: Conservative Economics Works Like This...
Edited on Thu Sep-18-08 07:56 PM by Hissyspit
Looks like AIG and its fraudulent business practices have gotten themselves a nice big bailout to the tune of $85 billion. So Conservative economics works like this:

- Step 1: Deregulate (let the looting begin)
- Step 2: Hide profits to avoid taxes (preferably in a Swiss bank)
- Step 3: Deny taxpayers any right to bankruptcy protection or legal protection from corporate thugs (think big tobacco), citing bootstraps and the American dream.
- Step 4: Demand that taxpayers bail you out once you have stolen everything
- Step 5: Make profits, don't pay taxpayers back

In response to this, the very first step that should be taken by Congress (assuming we ever get one) is to strip corporations of their "person-hood" and put behind bars every white collar crook anywhere near this fiasco - including those taking bribes in government.

http://www.atlargely.com/2008/09/and-bailouts-fo.html
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KaryninMiami Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 07:54 PM
Response to Original message
1.  Proud to be the first to recommend this- K&R
Simple and to the point. As usual, Lala demonstrates her brilliance and clarity.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 07:58 PM
Response to Original message
2. IWARBGP
In with a Rec before the Greatest Page.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 08:05 PM
Response to Reply #2
4. dytygowta?
don't you think you're going overboard with the acronyms?
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 08:39 PM
Response to Reply #4
5. W, M?
Who, me?
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 08:05 PM
Response to Original message
3. Unfortunately, pigs will fly before that ever happens. nt
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 08:40 PM
Response to Reply #3
6. They already wear lipstick,
but they sold the plane on eBay, so flying is a little harder.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-18-08 09:30 PM
Response to Reply #6
7. LOL!
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 01:55 AM
Response to Original message
8. a kick for LaLaRawRaw n/t
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