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HUMANITY DOOMSDAY CLOCK - Moves forward to 2125 due to election of US President trump.

Estimate of the time that Humanity will go extinct or civilization will collapse. The HUMANITY DOOMSDAY CLOCK moves forward to 2125 due to US President trump's abandonment of climate change goals. Apologies to Bulletin of the Atomic Scientists for using the name.

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Saturday, May 9, 2009

Too Big To Fail - ??

So Barry, I hears lot of gum flappin on the idea that some of them banks are just too big to let go. Well, if some of them banks are too big, then some of the car makers are too big, too. And if they are too big, then what about my cousin's rib joint? Why he's got 100 chairs in that sucker. Course, it's in Detroit, so mebbe he's a goner. No saving cousin Phil, huh Barry?

So riddle me this Barry - just exactly what are the rules about too big to fail, anyway? Where can I read them?

Is it who I know? Or, my skin color? Or, who I pray to??

And, anyway, why not just let them fail, Barry? Sell off the good parts and deep six the bad and there ya go. Been done before.

But, Barry, here's the question: What about the ol' US of A? Are we too big to fail, Barry? What about us?

See, what I'm lookin at is the idea that us workers don't have enuf money to buy shit. We were borrowing, but the payback to them good ol banks runs 30% a year. Screw that.

But, Barry, even I know that if guys like me don't buy stuff, we all done. And, well Barry, I'm damned if I'm goin into hock at 30% any more.

And, Barry, our national credit card to pay for the stimulus, well it's there, ain't it? And it will take a lot of growth to get out of it. Now, growth - it sure as hell ain't comin from me.

So Barry, there's the question: Where in the hell is all this growth comin from?

The only answer I hears is that ya gotta raise all our wages so's we can buy stuff without borrowing at no 30%

Cause, if we don't do that, even the good ol' US of A ain't too big to fail.

Your pal,