NP - OWS is Winning

[alice wellintown]

>
 Bailed out of what? Debt? Student Loanns? Mortgages? Cedit Card debt?
Taxes? Health care costs and expendetures? Bail us out of what?
Recession?
>
> All of the above.


How? Say the government writes us all a check, see, like the one Zoyd
gets in VL. What happens? Two things happen: first, the government
enters a debit in its book and second, a bank, where Zoyd banks,
enters a crtedit. What happens next is fairly complex banking, but
there are two najor scenarios to consider. The first is when the
government has a surplus. We had one, but it's gone and we all know
who to blame for that. Us, we spent it. The second, and this is our
scenario, is when the government has a deficit. The money isn't there.
Where should the government get the money? Tax the rich 1%  OK, tax
them at 98% and you have not even dented the deficit and you still
don't have the money to send out those Zoyd checks. Just make or print
the money. Yes, that is easy enough to do. But that won't make those
checks do what you want them to do: bail out the people's debts or
even get a big fat check in their hands so they can go out and spend
it or pay debts or whatver. Do you know why? Well, because all that
printed money is going to devalue the value of all those Zoyd checks.
So it's not possible to bail out people. You can bail out banks but
not people. And, bailing out banks works sometimes. It works and it
benefits the people you want to bail out a lot more than a Zoyd check.
The Fed is not run by idiots or crooks. Ben is a good guy and he knows
what he is doing. He can't bbail you or anyone else out, but he can
bail out banks, insurance companies, automotive companies and so on.
And so, that is what he is doing. So far, not pefect, but good. I give
him a B+ and Timothy G a B-
It ain't easy making green. Just ask Hermit.