Thursday, January 29, 2009
Why Are So Many Companies Going Under?
Can we got some detailed explanations from economists WTH is going on with the economy?! I do NOT understand why all of these companies from Circuit City to Yahoo to the friggin' Postal Service are reporting millions - and billions - in losses! What have they been doing the past 8 years? This isn't all about bad mortgages and bank mergers either. I suspect this is the result of rampant greed that went unchecked and false religiosity cloaked in ideology by a lot of dishonest people.
It's no coincidence these companies are hitting the bricks right at the beginning of the new Democratic Administration. You know #43 and his cronies and lapdogs have been hiding all the crap under the floorboards, way back in the closet and the levees are about the break (again). Why should #44 be considered a failure for not being able to waive a magic wand over all of this?! It's a no-brainer that infrastructure should be part of the economic relief package because it's BROKEN! You can't build on quicksand.
Tax breaks for the wealthy will do nothing for those of us on Main Street....or the Alley. This is so far from over it's down right frightening. I sincerely hope all those blocking solutions because of partisan politricks get voted out of office. **Ah-nold still hasn't managed to get his Rethug legislators in line to agree on a budget for California either. No state grants for school or tax refunds. It must be nice to be really wealthy but so divested from concern about the average wage-earner. Ah, but the let them eat cake motto led to a revolution.