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0 pointsroenxi4mo ago0 comments

So the government has negotiated from a position where the average taxpayer could be buying $10 worth of assets for $1 and have a go at managing it properly and creating some wealth, to a position where the taxpayer pays $1, the government buys the $10 in assets and gives it to some wealthy idiot, and there is a nominal return which at that time I imagine went into killing people in Iraq because Muslims, amirite? All those bombs cost a bomb.

And then we see 20 good years of economic prosperity where the US predictably got even wealthier than it previously was and there is great political stability and well-loved presidents like Mr Trump who represent the satisfaction US citizens feel for the economic highs they have reached!

What a fantastic deal for the average taxpayer. Let the confetti fall. Well done government, saved the day there.

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3 comments · 2 top-level

bandrami4mo ago· 1 in thread

Where it went was bailing out the automakers. It was a big story at the time and I'm starting to worry people just don't form long-term memories anymore.

pjc504mo ago

Who are you going to believe, your own memories or present-day propaganda on social media?

pjc504mo ago

> the US predictably got even wealthier than it previously was

If you just look at the economic indicators, then it did. Certainly way better than the "no intervention" counterfactual would have gone. People do not like it when all the ATMs stop working.

There is a lot of discourse to be had as to why people aren't feeling that personally.

> killing people in Iraq because Muslims, amirite? All those bombs cost a bomb.

Sadly there is/was massive bipartisan support for this bullshit. Including from the public. I note from a chronology perspective that most of the money in Iraq was spent/lost/wasted before 2008.

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