Fox's Guilfoyle: "Our Nation's Crack Now Is Free Money, Other People's Money"
June 25, 2012 9:07 pm ET
From the June 25 edition of Fox News' The Five:
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I responded that most of those people would LOVE to not be on food stamps if they were paid a living wage.
He disagreed. The hatred of the working poor is an epidemic.
I'm still having trouble picking my jaw up from the floor.
And the addicts are those who've increased their wealth exponentially over the last 30 years while the rest of us have stagnated at best. It was our money that went up the chain to the junkies.
Exactly is right, that's exactly what they do at JPMorgan Chase, Wells Fargo, Goldman Sachs, Citigroup, and Bank of America and others like them, they play with "Free Money, Other People's Money" and they get rich doing it...
Of course they take whatever they can, off the top or as a percentage or even out the back door and into offshore account "OOPS we sure did buy a lot of bad paper this year and throw good money [not ours] after bad money, how did that happen and where did that good money go?"
They don't bear the losses though, nope, because it's "Free Money, Other People's Money" and if the losses are just too great for the economy to bear, then what happens?
BAILOUT!
Which is really and truly the JACKPOT of "Free Money, Other People's Money!"
off now, you got the job.
Many in America are trying to bring us back to the early 20th century. Where corporations and the rich ran everything. Capitalism is a good system for an economy, but it has no place in running a society. The economy serves the people, not the people serve the economy.
I am sure people like Milton and Ayn are bracing themselves for a greedgasm.
Personally, I turn my Food Stamps in to a guy in Brooklyn who gives me credits towards a hedge fund he is building. WE are all waiting for the next bubble we can ride into the 1% level
Economics is Alchemy...very little of it is real.
I mean, since the right is so much about sheltering uber rich CEOs from the most marginal tax increases, and since they worked so hard to assert that corporations are people, and money is speech (!?!?!?!), how would they handle the theft and plagiarization asserted by Patriot Depot and David Bugnon?