Wednesday, September 24, 2008

Cartoon for September 25

People need help. Banks get it instead. The only nice part is, it's interesting to see rank capitalism, and its perverse relationship with government, exposed in all its glory.

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15 comments:

  1. AnonymousSeptember 24, 2008 at 7:07 AM

    I cannot define a good political cartoon, but I know it when I see it.

    I'm sorry that you're going down with the newspapers, but the newspapers blaming their circulation grief on the internet is bogus. Newspapers are going belly up because they've gotten in bed with the Republicans and everything the Republicans touch goes belly-up, just ask 4,000 soldiers and Bear Stearnes. Just go and ask the folks at Goodyear in my town or Cushman or Vice-Grip or countless other hard-working people who voted Red and are now getting pinkslips. Any newspaper who has balls is probably not having circulation problems like the rest. I cancelled my newspaper because Cal Thomas isn't something I need to read.

    As I've said a thousand times before, you cannot tell an uneducated idiot to go to the dentist. The pain has to be so intense that he's down on his knees in agony and then he might go. Things now are bad, but the people voting for McCain overwhelmingly still have heat, cable, and a car that runs. Things are not even close to being to the point where they would consider going to a dentist or voting for Obama. We'll have one, maybe two more stolen elections to look forward to before things start bordering on the kind of pain where people can no longer ignore it.

    Another point, Ted. While I respect the New Yorker's ability to publish what they want, the cover on Obama was irresponsible at best and criminal at worst. How would a magazine who lampooned Hitler's opponent in 1942 be viewed by historians? There is a time for freedom of speech and there is a time for putting black hoods over the heads of war criminals and putting them on jets to Syria and we should not confuse the two.

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  2. Aggie DudeSeptember 24, 2008 at 8:01 AM

    And yet this will continue to happen, again and again. Always seems to happen at the end of a conservative's 2nd term. Tomorrow we'll have more of the same....just....more of it.

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  3. AnonymousSeptember 24, 2008 at 9:35 AM

    A cartoon from Terry Wise on AEEC today said that "things aren't really that bad out there". Spoken light a true head-in-the-sand rightist who as long as he can make his cable bill, all is well with the world. Phil Gramm says it's all in our heads. How short sighted can you be?

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  4. AnonymousSeptember 24, 2008 at 11:53 AM

    The priorities are pretty clear: $7 million was way to much to ensure that children had access to health care but $700 million is a prudent and reasonable amount--I guess--to avoid a recession in the Hamptons and similar communities.

    So... Bernanke is threatening to pull a Nicholas Biddle if he and Hank don't get their way. Biddle caused a recession because Jackson decided to put the Second Bank of the United States out of business. Biddle got his recession but his bank went under.

    BTW, aren't those people on the lawn trespassing?

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  5. AnonymousSeptember 24, 2008 at 5:28 PM

    Instead of 700 billion to the rich people, give just 1 million to each of the 350 million americans. What a bargain! And it pays off every mortgage in the US

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  6. AnonymousSeptember 24, 2008 at 8:32 PM

    Maybe Franklin Raines can help them out with the $90 milllion bonus he received from Fannie.

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  7. AnonymousSeptember 25, 2008 at 11:08 AM

    The interesting aspect of legally sanctioned theft is that you cannot recover the stolen property... unless you tax wealth. Most of the public seems to have a zero to negative balance sheet. Despite all evidence to the contrary, those same people think that they too will get a $90 million dollar bonus.

    Did Bush suggest that we go shopping this time? I missed his speech. A friend said you could hear his gut talking to him and expected a good fart but was disappointed.

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  8. AnonymousSeptember 25, 2008 at 3:14 PM

    Just curious, do any of you have a clear 8understanding of what happened or do you just like to spout off BushCo repug bumper sticker slogans?

    Do you understand this is the result of the federal government demanding that banks lend to people who can't afford them. They then guaranteed the loans would be sold to freddie and fannie who then sold the bad mortgages as investment vehicles. All this done under the oversite of Chris Dodd and Barnie Frank.

    Just ask Bill Clinton:"The responsibility that the Democrats have may rest more in resisting any efforts by Republicans and the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac."

    Your sloganeering doesn't work when confronted with facts.

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  9. Susan StarkSeptember 25, 2008 at 7:31 PM

    Those who lost their homes should squat in Times Square, where everyone can see them.

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  10. AnonymousSeptember 25, 2008 at 9:03 PM

    Those who lost their homes should squat in Times Square, where everyone can see them.

    No, they should take a basic economics class so they don't make a stupid decision to purchase a home they can't afford again.

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  11. AnonymousSeptember 26, 2008 at 10:49 AM

    It would not take much to demonstrate that many of those who face foreclosure made a rational decision based on their situation and the best information they had. A good deal of that information was provided by people with extensive economic education and experience, e.g., Bernanke and all the institutions that funded and promoted the creation of this particular bubble.

    Anyone who has had any real exposure to economic theory and history knows that there is no generally accepted theory and that there are contentious ongoing debates about theory, methodology and practice.

    This experiment failed. I guess we should blame the subjects... and punish them to boot for messing up a wonderful theory... and give the scientists a Noble Prize.

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  12. AnonymousSeptember 26, 2008 at 5:27 PM

    Well, McCain is gonna show up for the debate. Unlike the eagle on the Great Seal, the eagle of the debate is facing the arrows, thus favoring war. I wonder if it will be facing John McCain. later... Dorme bene

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  13. Marion DelgadoSeptember 29, 2008 at 9:04 PM

    It's amazing this is the only cartoon like this. Not only is this pretty much matter of fact, but almost every city in the US almost any day you could wander around the city and see this exact scene.

    not calling it a recession/depression means the property can be bought cheaper. people don't see you coming.

    Ravi Batra, about whom I usually have mixed emotions, put it very well - we're bailing out the big institutional borrowers. not the homeowners, not the people with credit debt, of course, but also, not even the institutional LENDERS. We're bailing out the people that borrowed on the strength of other people's borrowing. It won't even help whatsoever. anything.

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  14. TonySeptember 30, 2008 at 6:49 AM

    Michael Moore said:

    This so-called "collapse" was triggered by the massive defaulting and foreclosures going on with people's home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills (http://www.nytimes.com/2005/02/02/business/02insure.html). Let me state this simply: If we had had universal health coverage, this mortgage "crisis" may never have happened.

    This bailout's mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It's to protect the top shareholders who own and control corporate America. It's to make sure their yachts and mansions and "way of life" go uninterrupted while the rest of America suffers and struggles to pay the bills. Let the rich suffer for once. Let them pay for the bailout. We are spending 400 million dollars a day on the war in Iraq. Let them end the war immediately and save us all another half-trillion dollars!

    Interesting take. If true, anon's suggestion to Susan of a basic economic class is both condescending and pointless.

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  15. AngeloOctober 1, 2008 at 1:47 AM

    Anonymous,

    can you please just make up a name. It makes it so much easier on me.

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