It’s Never the Initial Cost…

So it’s seeming more and more likely that some form of bailout is going to take place, despite the best efforts and arguments of a hell of a lot of people.  Is this a bad thing?  Hell yes.

The bailout isn’t to save the American (or even the World) economy – people will still need food, want to make stuff and sing songs, plant crops and build homes, even if Wall Street were to disappear in a puff of brimstone tomorrow.  So there will be an economy (even if one that’s hurting very, very badly).  What the bailout is specifically targeted to do is to preserve the debt-fueled shell game that underpins our current social and economic heiarchies, and therefore preserve said heiarchies.  This is why the Mother Of All Bailouts demands nothing, accomplishes nothing, and changes nothing: because preventing change is precisely what it’s supposed to do.

It says something about these assholes that they’d rather remain “Masters Morons of the Universe” than try something new.  I tend to think of them as junkies who are so hooked, they’d jump in front of a moving bus if they thought a crack rock would be in it for them.

In fact, they’re about to, and take us all with them….

Added: Something bugs me.  No matter what anybody’s intentions are, the government will be buying up the worst assets with the highest percentage of defaulting loans possible (I’m completely sure this will be an unavoidable accident).  Sooo… this means that that catchy new dance craze, “jingle mail,” won’t be walking out on some sucker who bought some shitty paper, you’ll be stiffing the Federal Government.

I don’t know what, if anything, that will change… but it sure feels ominous as hell.