Alistair Darling today insisted he was right to use hundreds of billions of taxpayers' money in a fresh bail-out of the banking sector, saying the recession would be much worse if he did not act.
And that's because Alistair Darling doesn't have a clue about what he's doing. The answer is throw more money into it, like a gambler trying to overcome massive losses by continuing to gamble more and more until there is nothing left to gamble with.
Gordon Brown told a Downing Street press conference that the loss showed the consequences of "irresponsible lending"
Consequences to whom? The bank fat cats on multi-million dollar bonuses they will never have to give back?
Brown, demonstrating yet again a propensity for being wrongwrongwrong, claims that his first priority is "hard-working families who are worried about whether they can afford or get a mortgage and businesses who work hard every day to employ people. They need credit and lending to be made. They need the banks to do their job that the banks say they are there to do. What we want to see is for businesses to get the money they need to create jobs and secure the future..."
So why not give THEM the fucking money instead of the banks who have already demonstrated a clear me-first penchant for irresponsible lending to crony millionaires, most of whom aren't even doing business in the country and continue to fuck over the very people Brown and his Monkey Brigade allege they want to help?
Why throw more money at the banks when £32 billion didn't convince the banks to free up credit?
Just because the only answer Gordon Brown knows is throw money to the banks? Feed the addiction?
Wby doesn't the government tell the banks to fuck off and use these absurd bail-out sum to guarantee savings and create a massive fund for small businesses and hard-working families to borrow from?
Ok, the government are inefficient, corrupt and well, in the pocket of the banks, that's for sure, but logically, instead of giving the money away, dropping it into a black bit bank bailout, why not just admit the banks are fucked and use the money to help people directly?
Ah yes, public anger grows at "irresponsible banks" blablabla - so why are we giving these irresponsible institutions MORE money? And why aren't the thieves and idiots who ran these banks into the ground fighting legal charges to save their lives and having every penny they own sucked back into the government funds?
Frank Dobson, a former Health Minister, said these "severe constraints" should encompass the pay and bonuses of bank bosses, adding that the measures unveiled by Alistair Darling would be acceptable to the public only if they were accompanied by "strict national and international regulation" to prevent further economic catastrophes.
Fuck that. Fuck severe constraints in the future. Make these fuckers pay NOW. They aren't bankrupt, just the banks they ran into the ground. Make THEM pay everything they have, leave THEM penniless, not the rest of us.
Ok, ok. Rant is over.
On to more pleasant things, better news: Obama's inauguration, a Day for Hope.
President-elect Barack Obama and others participated in a "Day of Service" to help commemorate the birthday of slain civil rights leader Martin Luther King.
Oh yeah, and if you live in Arizona or Pittsburgh, for the next two weeks you're probably going to be happy because YOU'RE GOING TO THE SUPER BOWL
And if you live in Manchester and support Man City you're probably going to be pretty unfucking happy because Kaka ent coming to town.