Ah The Bailout!!

I think I will start this post by reminding those of you who would like to blame our current President for this little recession we've found ourselves...IT STARTED WHEN BUSH WAS IN OFFICE!!! AND BUSH PUSHED THROUGH CONGRESS THE MONEY TO BAILOUT THE BANKS!!! Now that said, I read an article in my beloved New York Times the other day that highlights an issue I have when people debate the money used to bailout our precious banking system. The article, "As the Biggest Banks Repay Their Bailout Money, the Government Sees a Profit", is a positive one discussing the profits are government has earned from investments in several large banks, "profits totaling around 4 billion dollars". However, several times throughout the article Zachery Kouwe (journalist) intimates that the money our government used to bailout these banks is some how "taxpayers" money.  Well its time for a checkup bis-nitch, it is not "taxpayer" money. For the sake of an economics debate I'll say it was taxpayer money, then we paid our taxes and it became the governments money.  So the government in reality used its money to finance the bailout.  Had it been "taxpayer" money than shouldn't the "taxpayers" have become shareholders of these banks which would give us access to shareholder meetings.  Last time I checked I hadn't been invited to a shareholder meeting.  So I say Don't Be A Tool. 

I get it... Republicans and Democrats alike need to politicize the bailout in an effort to gain re-election.  But I think journalist from across the country should know better than to report information like this, its how false realities are created, and its certainly where red-necks and blue-necks alike get ammunition to piss and moan about government spending in "Town Hall Meetings". 

I know journalists need quotes for their articles but apparently the best they could do was Congressman Jeb Hensarling (A Tool I'm Sure) who in reference to the government being repaid the bailout money and ending the idea of government banking says this: " The Taxpayers want their money back and they want the government out of our banking system." Jeb, Jeb, Jeb, the taxpayers have no idea want they want, its not their money, our government is already involved in the banking system (FDIC, Treasury Dept., that guy Bernanke at the Federal Reserve) and YOU SIR ARE A TOOL.  I mean Holy Crap this is the caliber of jackass people keep electing to congress. Think before you speak, and for god's sake think before you write an article for the New York Times, its not like your a journalist for Fox News. And Remember Don't Be A Tool.

Kyle