Saturday, May 30, 2009

Today's special: De-boned & rolled turkey

What do you suppose it is like to be elected president of the United States only to find that your power is restricted to the service of powerful interest groups? A president who does a good job for the ruling interest groups is paid off with remunerative corporate directorships, outrageous speaking fees, and a lucrative book contract. If he is young when he assumes office, like Bill Clinton and Obama, it means a long life of luxurious leisure. (An excerpt from a Paul Craig Roberts article on Information Clearing House.)

I know Obama is disappointing more of us with each passing
week, but if we just lower our expectations a little and ........

"...think of them as restaurant waitresses, eager to please their
customers, the powers that be. And imagine world citizens, to
include Americans, as the menu items. Object: - please their
customers and make big tips by being good servers." ~Dada


Fran said...

GM goes belly up today, in bankruptcy, $172 billion in debt.
But the guvmnt is throwing an additional $30 billion their way (above the $20 billion we already gave).

The NYT said: " Whether that investment will ever be recovered is still an open question."

• 21,000 union workers will be unemployed.
• Close 12 to 20 factories
• Forty percent of the company’s 6,000 dealers will close (2,400 dealers).

That's a whole lot of family wage jobs and health care benefits going away.

I suspect GM is going to bailout of their bailout- meaning we never see that $40 billion again.
Too bad, all those unemployed workers are going to need benefits & social/support services.

Dada said...

Gee, Fran, I wonder if all of these new enrollees to the unemployment rolls and the benefits and support they will need could possibly impact the recovery economists are now seeing the early signs of?

(BTW, re previous blog, "Bush does Toronto," -- I wanted to thank you for posting those graphics, one of which I "borrowed" from Ramblings!)