Friday Pussy - Scary spice edition

But it's not what's behind you that's truly scary it's what's right in front of you. (And Dave's not here and neither is she.)

Behind us was a stimulus package that didn't quit work. Granted it did slow down the economic bleeding for a while but the bulk of the benefit went to large corporations in the form of tax cuts. With the cash for clunkers and a loan to auto makers we managed to save the auto industry here in the U.S. Yes those were loans and they've all been paid back.

Then there was the sequester an across the board cut to all programs that was supposed to force hands at the budget negotiation table. It did not. And why would it? Those making that decision had no skin in the game. What would they care if some kid in south Hoboken goes without lunch or grandma gets her meals on wheels taken away? The congressional cafeteria never closed and it's a safe bet the cocktail parties never ended through all this. In fact by the looks of it the booze is flowing quite nicely in DC from the judgements these guys are making.

It was once said that to really screw things up use a computer. Think that can be changed to to really really screw things up use congress. Never underestimate the power of stupid because we all though they'd never allow a sequester (cut to programs that benefit you and me) or that they'd be crazy enough to shut the government, but here we are so it's a safe bet anything's possible. People rail against the government until it's their program that's being cut or eliminated. They seem to forget that we're all in this together whether we like it or not. And while the boys on Wall Street are raking in the green backs they'd better take heed because we've been slapped around once too often. They may control congress but we control the purse strings and it won't look too pretty come Christmas if the whole thing goes down the tubes.

So to all of those guys out there who hate government so much please do us a big favor and resign. You'll save us so much money we could hire six workers that actually produce something rather than grab a mic and spew hot air. Don't worry what's behind you, keep a close watch what's in front of you or you might just trip over somebody headed for the exits.

Bank fails later

And oh yes before announcing his exit Jamie Dimon just reported a 400 million dollar loss at JP Morgan Chase. Wonder what kind of bonus he got? 
UPDATE: No bank fails this week so keep shopping.