Monday, February 22, 2010

Bailout Apocalypse

Rolling Stone just published a frighteningly dramatic article that paints bailout-receivers as dirty con artists, and predicts that we're heading towards an even bigger economic crash. It actually uses the phrase "rape the taxpayer."

After seven pages, I hear a very believable story that we never should have bailed out corporate companies; they are spending all the bailouts on their own employees, have not changed the gambling behavior that caused their first crash and are setting themselves up to crash again, because now they know they can just get more money from the government once they crash. (I know that was a long sentence, so you might want to read it again.)

If you think this sounds like doom-and-gloom forecasting you are correct. Reading this article put me in a panic over how the "little man" can possibly stand up to the rich elite that is apparently going to keep taking our money, forever and ever! I thought Rolling Stone was about looking at Rock Stars and feeling cool...when did they switch to worrying about the fate of the free world?

1 comment:

  1. Rolling Stones does surprisingly good journalism. And I admit: I do read it for the articles. LOL. The best report, for example, on Scientology was published in this mag a while back ago.