[lbo-talk] back to the economy for a sec

[Joanna]

The looting will continue until someone makes them stop. The fact that 
all this money is being handed out with no change in mgmt and with no 
strings attached/or strings are eased at the first whimper...this is 
basically a form of looting. It's also too bad that there are no 
contractual agreements, because that would be reason enough for jail 
time....but instead they're handing over hundreds of billions of dollars 
on the "hope" that banks will lend again, etc.

This is because for the last twenty five years, govt office has come to 
mean nothing more than a license to steal or the power of giving your 
friends permission to steal. The euphemism for stealing being 
"privatization," which has now been extended to include "saving the 
economy."   Since they have convinced us that the economy means both 
your bank account and the bonuses of AIG executives (for some reason you 
can't have one without the other???), it looks like there's no 
alternative to the bailouts. It remains to be seen how much they're able 
to steal in the next two months and what effect that will have on 
Obama's ability to restabilize and rebuild the economy through 
infrastructure project and other trickle up jobs programs.

Joanna