State of the Union

Okay, I typically avoid making fun of politics because it's weak, but if you watched the sotu + rebuttal last night, you're probably ready to fist a dick. (Maybe your own)

First of all, wtf is up with scapegoating "bankers" for the economic crisis? No fucking banks wanted to give poor people loans to buy houses -- it was government policy that the GSEs had to provide mortgages for shitbag home buyers. The banks' involvement in the mortgage crisis is downstream and certainly not causal. (Though certainly exacerbated the problem) OH LOOK WHEN YOU LOAN PEOPLE WITH NO MONEY AND NO ASSETS $$ TO BUY HOMES, SHIT DOESN'T WORK OUT? WTF BRO.

This was a product of a retarded American policy/philosophy that "everyone should own a home" regardless of whether or not it makes fiscal sense.

And the whole "Banks are taking bets with your money"? If by "your money", you mean deposits, well, no they fucking don't. And if by "your money", you're talking shareholders, than yes, but that is what it fucking means to invest a company, you implicitly back their management and their decisions/choices.

The finance industry, particularly "banking" even though nobody even knows what a banker is, thx American education, is singled out by Obama only because it's unpopular not because it, as a sector, behaved unethically.

And the bailout figures he mentions? THE BANKS BY AND LARGE REPAID THEIR LOANS. The US gov't not only got their $$ back on "rescuing" the banks but generally profited to the tune of 30B from the process. What about the 50B given to shitbag US auto companies? GOOD LUCK GETTING THAT BACK. Fannie and Freddie? LOL. Are people upset that the money lent to banks actually enabled them to not fail?

All of this is secondary to Washington's total failure to grasp primitive economic concepts. Quantitative Easing does nothing. It doesn't "print money" nor does it weaken the dollar. There's not a fixed amount of dollars. No such thing as money supply. Or money multiplier. Classical economics is dead. Get the fuck over it. Taxing isn't necessary to "raise money" (pay as you go is retarded and simply reduces output) and "trying to balance the budget" is absolutely retarded. Once output is restored and is growing, tax revenues will surge as tax policy needs always necessarily lag, and deficits will shrink. (Or potentially go negative)

MORE RANTING TO COME

PS The GOP dude, McDonnell, sounds like Chingy. RIGHT THURR RIGHT THURR. HEALTH CURR. HEALTH CURR. (He also probably has downs)