My pessimism, knowing some of the history of big business and it’s accountability, tells me that he** will freeze over before that happens. That’s just not the temper of our two-party system as it exists today. Most company leaders and a good many government enablers are themselves multimillionaires and they intend to stay that way.

Great ‘toon, as usual, Pat!!!

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

~ Thomas Jefferson

You get wealthy by turning your inventory over and over.

And if you have no inventory? For We the Taxpayers, our “inventory” is the money we earn by trading our labor for script (dollars) which we use to purchase inventory. That used to be mostly real estate, an inventory that is now just about worthless or has been seized for debt.

The missing ingredient in this scenario is rebuilding a solid foundation instead of throwing a million sandbags at the insolvency. And that won’t happen until there is accountability from company leadership and their government enablers.

When we traded an industrialized economy, which once generated inventory, for a service economy that did not produce inventor we weakened our economic foundation. Our country, once called the “breadbasket of the world” has been turned into a nation dependent on purchasing the inventories of other nations for survival. This “stimulus” and this leadership won’t be able to fix the problem until they understand the problem and we don’t have time to wait until Soertoro/Obama’s knowledge goes from kindergarten to high school; let alone the complex “college” strategies required to keep us solvent.

I like that the personal pig bank is as big as the house. It feels that way to me. I just don’t see how all this spending can be taking us in the right direction. What a mess.

http://www.faculty.fairfield.edu/faculty/hodgson/Courses/so11/stratification/income&wealth.htm

I mean, think about that–40%, who own far less than 1%…

Then you’ve got the richest 1%, who own 35% of everything.

You don’t suspect there might be some sort of a problem here?

Who is likely getting hit the hardest by job losses, medical care costs, the underfunding of social services, etc?

Might that not spell serious trouble unless someone is willing to pay more taxes?

The lack of confidence in the Obama administration’s attempts to deal with a multitude of issues at the same time is reflected daily in the enormous slide in the stock market. Wall Street keeps speculating how far we are from “the bottom”. One lonely optimist says the S&P will bottom in the next 2 or 3 days. However, most traders and investors seem confused as to whether to buy or sell, so money is parked on the sidelines in shaky banks or under mattresses. Workers are worried about losing jobs. Homeowners are worried about losing their homes. The short sellers in the market have driven stock prices down as they pocket money and seem to hope the DOW will fall as far as 5500 as predicted by doom and gloom economists. Short sellers make big bucks from a sinking market and the gloomy prospects for resolving economic issues.

The economic problems are now worldwide and won’t be solved by just getting our own economic house in order. We aleo need to coordinate our efforts with those of other countries that affect our own economy.

Yes, Pat, we need to worry about the debt we are heaping on the next generation. In the meantime, enjoy watching the innocents play while they can.

Poor little kids! We should be ashamed.