Tuesday, July 20, 2010

Just think if the Producer classes had this kind of money to spend

The following clip is somewhat entertaining but mostly frustrating as hell.  It is congressman Alan Grayson trying to get some flunky from the Fed to tell him where $9 trillion of off-the-books spending went.

Actually Alan, we know where it went.  It went to pay off the gambling debts of the banksters who pissed it away playing electronic games with electronic money.  And while it may be interesting to know which irresponsible buffoons needed that bailout, in the end, the only interesting thing is that $9 trillion could have gone a LONG way towards building a post-petroleum economy.

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