Wednesday, March 18, 2009


For want of a nail, the shoe was lost;
For want of the shoe, the horse was lost;
For want of the horse, the rider was lost;
For want of the rider, the battle was lost;
For want of the battle, the kingdom was lost,
And all for the want of a horseshoe nail.
Gotta love Mother Goose. Timeless. Here's a modern day version to ponder:

Blabber Mouth Barney and Congressional Cohorts attack some TARP-receiving corporation for having a corporate retreat at a fancy resort.
The Acme Widget Company board fears bad publicity, stockholder backlash, and Congressional subpoenas.
Said board cancels its Gold Legion Sales Award program in Las Vegas.
Vegas hotel vacancy rates skyrocket.
Vegas hotels lay off workers.
Laid off Vegas workers quit making house payments.
Banks foreclose on laid off Vegas workers.
Banks now own lots of Vegas real estate.
Banks have to take TARP funds.
Blabber Mouth Barney gets to tell banks what to do.

The winner? Blabber Mouth Barney gets his mug on TV, gets more votes, and gets more power to tell banks what they can and cannot do, what they can and cannot pay their employees, and--just around the corner, it's coming--who they have to lend to.

The losers? The taxpayers. The taxpayers' grandchildren. Everyone else in the chain.

No comments:

Post a Comment