Reading through the business news this morning, I ran across a couple of stories that required my opinion (in my opinion!).
Mr. Geithner, fearless leader of our Treasury, has acknowledged that giving banks deemed too big to fail large amounts of our tax money while ignoring our personal economic meltdowns is "deeply unfair". Of course, these banks are now in decent financial shape, making money while the rest of us are still foundering in the recession. Part of our personal financial problems come from the fact that the banks we "rescued" own the credit cards that are jacking interest and fees into the wild blue yonder. Have you ever seen the Chase commercials where you can pick your payment amount and loan duration? Every time I see it, I wonder just how much that flexibility is costing the card holder. Geithner went on to discuss the unemployment numbers. In true government fashion, the numbers don't reflect the number of unemployed workers who, after a year of job seeking, said "Aw fuck it!" and sit home watching Dr. Phil.
Oil prices are on the rise. Again. It would be great if this was a result of a recovering economy but it's not. These greedy assholes are betting that we are in a recovery position and are driving up prices. Demand and inventories are not supporting this position, yet the trading goes on. It pisses me off to have to pay $3 a gallon for gas just because someone is gambling on the market.
Thursday, April 1, 2010
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