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	<title>The Daily Plunge &#187; Bailout</title>
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	<description>Plunging Towards Gomorrah</description>
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		<title>Where&#8217;s My Bailout?</title>
		<link>http://www.dailyplunge.com/2010/03/wheres-my-bailout/</link>
		<comments>http://www.dailyplunge.com/2010/03/wheres-my-bailout/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 00:14:24 +0000</pubDate>
		<dc:creator>club soda</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Fascism]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Big Government]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[Government Spending]]></category>
		<category><![CDATA[Utopia]]></category>

		<guid isPermaLink="false">http://www.dailyplunge.com/?p=2624</guid>
		<description><![CDATA[With the economy still in the tank and unemployment continuing to hover around ten percent, a lot of people are starting to wonder, “Where’s my bailout?” Well, if you look at the salary and employment stats in the public sector (city, county, state and federal government) you’ll see exactly where your bailout went. Your bailout]]></description>
			<content:encoded><![CDATA[<div id="attachment_2623" class="wp-caption alignright" style="width: 310px"><a href="http://www.dailyplunge.com/wp-content/uploads/2010/03/CC.jpg"><img class="size-medium wp-image-2623 " title="Climate Change Program Manager" src="http://www.dailyplunge.com/wp-content/uploads/2010/03/CC-300x180.jpg" alt="Make-Work Six-Figure Nonsense Job" width="300" height="180" /></a><p class="wp-caption-text">I suppose this will be the Climate Change Project Manager&#39;s office. Nice six-figure BS job if you can get it.</p></div>
<p>With the economy still in the tank and unemployment continuing to hover around ten percent, a lot of people are starting to wonder, “Where’s my bailout?” Well, if you look at the salary and employment stats in the public sector (city, county, state and federal government) you’ll see exactly where your bailout went.</p>
<p>Your bailout – or at least your hard-earned tax dollars that are partially funding the corporate fat-cat bailouts (the other portion being financed by the Chinese, among others) – is also being used to create make-work six-figure nonsense jobs, such as <a href="http://www.dailyplunge.com/2010/02/climate-change-program-manager/">Climate Change Program Manager</a> at the National Park Service. This ridiculous job, with a pay scale between $103,000 and $155,000, is just the tip of the iceberg (pun intended). According to the <a href="http://www.usatoday.com/news/washington/2009-12-10-federal-pay-salaries_N.htm">Dec. 11, 2009 edition of <em>USA Today</em></a>:</p>
<blockquote><p>Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession&#8217;s first 18 months — and that&#8217;s before overtime pay and bonuses are counted. Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector… When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000.</p></blockquote>
<p>Moreover, the <em>New York Times</em> <a href="http://www.nytimes.com/2009/08/20/us/20states.html?_r=1">reported in August of 2009</a> that while the private sector lost 6.9 million jobs, state and local governments added 110,000 new jobs. All of this data – and <a href="http://kansas.watchdog.org/2739/government-payrolls-show-continuing-long-term-growth-as-private-sector-jobs-decline/">it goes on and on and on</a>, if you care to look into it – strikes me as horribly backwards.</p>
<p>I’m no economist, but if deficits are skyrocketing and companies are looking for relief so they can begin hiring again, wouldn’t logic dictate that government cut jobs, siphoning those people into the private sector, while providing tax incentives to individuals and private sector companies?</p>
<p>In December of 2009, 382,758 federal employees were making $100,000 or more annually. That’s more than $38 billion in what is largely bureaucratic largesse. Last I checked it’s the private sector that actually produces our GDP, not government jobs that essentially produce nothing. That’s a lot of nothing we’re getting for our billions.</p>
<p>Why we’re headed down the same road as western Europe, California, Massachusetts, New York, etc., etc., which ultimately leads to economic crisis and bankruptcy, I’ll never know. Or, maybe I do know…</p>
<p>It’s all about power and payoffs. The more the private sector and citizens cede to the state, the more power and money that’s funneled to the state and its dependants. It’s simple mathematics with the additional wild card of human nature (it’s corrupt, by the way).</p>
<p>While some see this as a Utopian system, rational people recognize that an all-powerful, controlling state destroys liberty and freedom. The explosive growth of public sector payrolls and jobs is simply another data point in a trend line that shows America headed toward the abyss. If you’re not concerned about it, you should be. </p>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>auto bailout folly</title>
		<link>http://www.dailyplunge.com/2009/11/auto-bailout-folly/</link>
		<comments>http://www.dailyplunge.com/2009/11/auto-bailout-folly/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 01:16:29 +0000</pubDate>
		<dc:creator>Henshaw</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Auto]]></category>
		<category><![CDATA[Auto Bailouts]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Subsidy]]></category>
		<category><![CDATA[Taxpayer]]></category>

		<guid isPermaLink="false">http://www.dailyplunge.com/?p=1846</guid>
		<description><![CDATA[The auto bailout cost $800 per American taxpaying family. How&#8217;s that for stimulus? What would have been better for the American people: giving each family $800 to spend or by giving it to failing auto companies? There&#8217;s a new paper by Thomas Hopkins that analyzes the real costs of Auto subsidies. Every new vehicle sold]]></description>
			<content:encoded><![CDATA[<p>The auto bailout cost $800 per American taxpaying family. How&#8217;s that for stimulus? What would have been better for the American people: giving each family $800 to spend or by giving it to failing auto companies? There&#8217;s a new <a href="http://www.ntu.org/main/press.php?PressID=1132&#038;org_name=NTU">paper</a> by Thomas Hopkins that analyzes the real costs of Auto subsidies.</p>
<blockquote><p>Every new vehicle sold by GM and Chrysler now is accompanied by a substantial taxpayer subsidy, with little credible evidence that either firm will survive for long, barring further assistance in the future. If survival is only to the end of 2010, the taxpayer bailout burden could amount to some $10,700 per 2009-10 vehicle sold.</p></blockquote>
<p>The faster these companies die the better. Right now the government is holding up these failures at an enormous cost. It really is amazing how much the government is throwing around these days. Americans are upset about the present course, but they&#8217;re not nearly angry enough.</p>
]]></content:encoded>
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		<item>
		<title>The Blogosphere: Rick Santelli</title>
		<link>http://www.dailyplunge.com/2009/02/the-blogosphere-rick-santelli/</link>
		<comments>http://www.dailyplunge.com/2009/02/the-blogosphere-rick-santelli/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 22:36:44 +0000</pubDate>
		<dc:creator>Henshaw</dc:creator>
				<category><![CDATA[Blogosphere]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Losers]]></category>
		<category><![CDATA[Rick Santelli]]></category>
		<category><![CDATA[The Inexact Science]]></category>

		<guid isPermaLink="false">http://www.dailyplunge.com/?p=1571</guid>
		<description><![CDATA[Here&#8217;s the deranged blogosphere post of the week. I&#8217;ll have to edit it a bit for profanity, but it&#8217;s an entertaining read. This comes from the blog The Inexact Science. Please enjoy, I know I did&#8230; Rick says that we shouldn&#8217;t subsidize the &#8220;losers&#8221;. That&#8217;s funny because I don&#8217;t remember him ever calling Bank of]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s the deranged blogosphere post of the week.  I&#8217;ll have to edit it a bit for profanity, but it&#8217;s an entertaining read.  This comes from the blog <a href="http://inexactscience.wordpress.com/2009/02/19/rick-santelliasshole/">The Inexact Science</a>.  Please enjoy, I know I did&#8230;</p>
<blockquote><p>Rick says that we shouldn&#8217;t subsidize the &#8220;losers&#8221;. That&#8217;s funny because I don&#8217;t remember him ever calling Bank of America losers, or Countrywide losers, or WaMu losers, or Wachovia losers, or Merrill Lynch losers, or Citigroup losers. But he has no problem calling struggling homeowners losers. Get real %$#@&#038;^$. Rick Santelli and his fellow propagandists aren&#8217;t even honest enough to admit that their beloved free market capitalist system caused this %$#@&#038;^$ disaster. And now these %$#@&#038;^$# have the audacity to talk about moral harzard?! Now? %$#$ you&#8230; And another thing, I wish you right wing pricks would try and revolt, because then we&#8217;d be able to eliminate you &#8220;losers&#8221; once and for all.</p></blockquote>
<p>This post has a little bit of everything I love about the blogosphere.  It&#8217;s unhinged freedom of crazy speech.  This person is so upset about Rick Santelli statement on CNBC that the only satisfactory solution is to eliminate people with a different opinion with once and for all.  Sounds a lot like fascism to me.</p>
]]></content:encoded>
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		</item>
		<item>
		<title>rick santelli speaks truth to power</title>
		<link>http://www.dailyplunge.com/2009/02/rick-santelli-speaks-truth-to-power/</link>
		<comments>http://www.dailyplunge.com/2009/02/rick-santelli-speaks-truth-to-power/#comments</comments>
		<pubDate>Thu, 19 Feb 2009 20:12:38 +0000</pubDate>
		<dc:creator>Henshaw</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[Housing Crisis]]></category>
		<category><![CDATA[Rick Santelli]]></category>

		<guid isPermaLink="false">http://www.dailyplunge.com/?p=1569</guid>
		<description><![CDATA[Finally someone speaks out about the insantity going on in Washington. Let&#8217;s make no mistake about this, Bush started us down the path to bailout city last year and Obama is doing the same thing. How about some real change? Americans are tired of rewarding bad behavior.]]></description>
			<content:encoded><![CDATA[<p>Finally someone speaks out about the insantity going on in Washington.  Let&#8217;s make no mistake about this, Bush started us down the path to bailout city last year and Obama is doing the same thing.  How about some real change?  Americans are tired of rewarding bad behavior.<br />
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