The Return of the Welfare Queens

America was conned - who will pay?

Real wages have been growing slowly; at just 1.6% a year on average over the latest upswing, well down on the experience of earlier decades. Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in.
As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed.

Below is a great fucking rant! Clicky in the linky to read it all....Ted.
Bailouts for Wall Street AREN'T SOCIALISM:

Let me ask just how the unholy fuck it is that we can quibble every single day for hours over lunches that would feed a small village for a week about the ten dollars a year we give to some social program and how it's going to waste because somebody fed us an anecdote about somebody somewhere faking their need. Let me ask just how the bloody fucking blue hell we can get all worked up over how the homeless people downtown don't deserve our pennies because one of them said something rude to us on the way out of a store, and how they're just gonna spend our 65 cents on booze and then pee on the stoop. Let me ask how on earth we can take all the time it takes to think up all the ways we think up to sit in judgement on every individual case we hear about, about how that person just didn't work harder, didn't suffer enough, didn't earn "our" money, didn't deserve "our" charity, didn't bleed in front of us enough, and all the while, all the fucking while, we give it away by the millions and never ask where it goes. All the while.

Personal responsibilitude indeed.