March 19, 2009

Bailout FI's owe back taxes

And the stupidity continues to compound itself. Yahoo is reporting today that 13 companies receiving TARP money owe a combined total of $220 million in back taxes.


But save your anger. Or more appropriately, direct it in the right direction - these companies, while apparently bereft of common sense, in the real world would be cut loose to sink or swim on their own. Thanks to bailouts they can continue to behave foolishly and in fact are rewarded for it.

The real culprits here are the politicians and bureaucrats from Paulson, and Bush to Obama, Geithner, Pelosi and Reid who have been barrelling forward with bailouts and legislation without taking the time to even read their own plans and doing due diligence on their own decisions.

Government is not meant to run at high speed because you run the risk of making stupid, stupid, stupid decisions. It's meant to be a deliberative body. It's especially true of the Senate, Mr. Reid...

The lack of oversight and the lack of transparency and the lack of planning at the governmental is (or should be) criminal. Hang the rich? No, imprison the politicians (no inciting riots here). These people have no business being in charge of business, or of the government. Not unless they start acting like responsible officials instead of a bunch of reactionary, partisan unthinking hacks.


Okay rant over - breathe.

No comments:

Post a Comment

Disagreement is always welcome. Please remain civil. Vulgar or disrespectful comments towards anyone will be removed.

Related Posts Plugin for WordPress, Blogger...

Share This