Thursday, November 4, 2010

The elitist morons just don't get it

The elitist morons just don't get it

" There might have been an economy outside of D.C. if the banks had passed on the stimulus money that bailed out their failed, crooked butts. But they paid it in bonuses for executive failure, instead. That's why credit-card interest rates are from 15 to 30 percent – when banks borrow money essentially for free from the Federal Reserve. It's because the stimulus was for them, not us. And where are most big banks located? The East Coast.

Do you think if credit-card interest rates were, say, 6 percent on most credit cards that we might have a bit more spending in the economy? Spending that might just cause private businesses to hire people? You know, create jobs outside of government? "

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