Kevin Colby: News, culture, political blog

Put down your college basketball bracket Mr. Obama and listen up!  Just in case you haven’t read this article from The Moscow Times, but, Russia for the past year has experienced major inflation. The government stubbornly stuck to its inflation target of 10.5 percent, even after it became apparent that galloping growth and government spending would push the figure higher.

Since last fall, however, the government has turned its attention to more pressing issues: billions of dollars to revitalize the financial system, help industry cover their foreign debt and allow for a gradual devaluation of the ruble. Inflation — which is only worsening as the government heads toward deficit spending to rekindle economic growth — is now receiving surprisingly short shrift, economist say, and it is reaching levels that could cause social unrest.

Hmmm…now this sounds quite familiar.  The tsunami inflation will eventually come because our government spends money on stimulus packages, bailouts or does something like they just did today:

With the country sinking deeper into recession, the Federal Reserve launched a bold $1.2 trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.

To do so, the Fed will spend up to $300 billion to buy long-term government bonds and an additional $750 billion in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

What a bunch of assholes!  Instead of being mad at AIG, people should be pissed off more at their own government.  First of all, and I’ve said this before, there is no such thing as a company that is “too big to fail.”

Capitalism allows you to file for bankruptcy, reorganize in Chapter 11 and try to make a go of it again. That’s how the system should work. It should not entail us being told to empty our wallets because the Big 3 didn’t make cars that we wanted to buy or because banks were forced by the government into home loan lending to dirtbags that should be renting.

Secondly, government is the one that keeps spending the cash and giving to these banks, auto manufacturers and forcing money into the economy.  That’s our god damn money that they are spending!  You’re “Fing” with my money Obama!  And I don’t like it when people “F” with my money!  The only person that should be screwing with my hard earned income is ME!   WTF!  When do “We the people” get to goto Capitol Hill and sit in front of Congress and scream at them and ask them why they are spending $1million on the study of a pigs ass odor?  Or, why did you force these banks into giving home loans to dirtbags for?  But nope, Americans are so dumb.  Americans would rather just sit there and take it in the ass from their own government.

But Americans that are mad about the AIG bonus has to do with the increase of wealth envy in this country. A majority of Americans hate to see people succeed.  Remember, misery loves company.  These Americans need an ass beating beyond belief.  I’m talking an ass beating that puts them into the hostpital.  Whoops, maybe not, because us hardworking Americans that pay for our own healthcare will probably end up having to pickup the tab.  So, I propose that everyone out there who hates the rich quit their jobs and go get one from a poor person.

What’s sad is that more people in this country are shocked and horrified about the revelation that American Idol is fixed. More people are outraged that America won’t get to choose the top four on American Idol, but they are not outraged that the man they have chosen to be president is spending this country into the ground. Or that Barney Frank and his wealth envy crew are on a mission to “recover” bonus money from AIG executives.

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Tags: aig, american idol, Barack Obama, barney frank, russia