Saturday, May 9, 2009

American suckers ...

Or as Green Day sometimes calls us, American "idiots" ...
Wow, look at this: ["Under Restructuring, GM To Build More Cars Overseas"]. So, even though the taxpayers have given them billions and are expected to give them billions more, we're not really creating jobs in America but overseas. Just call us American suckers.
And the cover of the WSJ yesterday: ["Fed Sees Up to $599 Billion in Bank Losses"] and then this from this morning: ["Banks Won Concessions on Tests"].
And, with all the talk of Obama's budget, which has good and bad things in it, did anyone see the foreign aid provision of $74 billion? I remember back in the late 1990s that the line item was about $15 billion. So, we're "investing" five times as much of our tax dollars overseas than we did 10 years ago. Well, actually, we're borrowing this money from overseas to invest overseas. Our children will pay the interest and debt while attempting to compete with people who will do the work they would normally do at a fraction of the cost. What a friggin' racket!

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