The Current Attempted Ripoff Is Nothing New
The current attempt at "The Big Ripoff" of all productive Americans isn't without precedent. We've seen three or four of them in recent years, starting with the Chrysler Motors bailout of 1979.
Here's a particularly timely poem that fits today's situation every bit as well as it did when it was written, in 1936.
The Profits and Loss
By Berton Braley
From New Deal Ditties: or, Running in the Red with Roosevelt, 1936
When "planned economy" first began
It looked like a swell "idea" –
Until we learned it had no plan
And wasn't economee.
For the taxes rise and the budget's shot
And the New Deal costs are met
By spending money we haven't got
For things that we never get.
The Billions roll in mighty stream,
A regular tidal flood,
With the net result that each spending scheme
Bogs down in a sea of mud.
When plans and programs go all to pot
Do the New Deal planners fret?
Why no, they think up a brand new lot
Of schemes to spend what we haven't got
For things we will never get!
FDR managed to turn a banking crisis into a ten-year depression. Today's elected officeholders seem to be determined to repeat the process.
Tip of the old battered fedora to Diane Hseih at NoodleFood.
Remember: VOTE FOR NO INCUMBENT!