Hey y'all. Fatcat here again, Obama and the Commie left's favorite whipping boy.
Yesterday we talked about how Obama likes to rip on fat cats to score political points. A little mouse told me, before I ate him, that Obama was not literally talking about cats. Apparently that is a term they use for businessmen and heads of banks and whatnot. Now it all makes sense! Or does it?
Okay let me try and make sense of all this. You (the government) offer banks loans to bail them out because they made dumb decisions that, for the most part you had either been strongly encouraging them or forcing them to make. Of course some of them compounded that by making a lot of stupid decisions all by themselves. These decisions, made at your behest, screwed up the world's financial system. Now you give them bailout money instead of letting them go down the drain, probably because if you did not give them the money, they would reveal just how big a role that you (the government again) helped to screw everything up.
So they make decisions you don't like and now you want to force them to, once again, abide by the political needs of the government instead of the needs of who they are really accountable to, customers and shareholders.
Meanwhile the executive branch and the army of czars have not figured out one idea that actually worked because, surprise, there is no one there that has the ear of the president who has any knowledge of how a free market system actually works!
Take some advice from a real fat cat. Get your hands off the banks, General Motors, etc. Stop buying the support of NBC through cap and trade intercourse with their parent company, General Electric. Let companies rise and fall by their own merits. The free market system works if you let it. Half a$$#d socialism only creates an economy that works at a mediocre level because no one is sure what political whim will next sweep through the system.
If anyone out there wants to blame fat cats, don't blame capitalism and don't blame me. neither one of us had anything to do with what is going on now. We have met our economic enemy and once again it's the flipping government. Oh and guess what. The inflation that is coming? That's the government's fault too! It spends too much!
Fat cat signing off!