Posts tagged ‘Great Depression’

April 28, 2013

The DC Folly Trolley – 04/28/13

Attendance Overwhelms Committee Hearing.

Congressional members rushed to fill the room set aside for the special meeting of the Joint Economic Committee scheduled by Chairwoman Amy Klobuchar. The committee was slated to address the greatest unemployment crisis since the Great Depression.

A spokesman for Klobuchar said the chairwoman was gratified that so many of the committee of 20 attended the hearing that seating arrangements were inadequate as janitors failed to provide enough chairs for the attendees.


Sen. Pat Toomey (R-PA), a member of the committee who failed to attend the hearing, stated that the solution to unemployment is employment.

Fully four members attended the special meeting and janitors, who provided only three chairs, were forced to scour the Capitol building to scrounge up an additional seat to accommodate the unexpected crowd.

One of the four attendees, all Democrats, suggested a game of musical chairs to determine which members would be forced to stand during the hearing in the event janitors were unable to procure an additional seat.

Currently, 4.7 million workers are considered long-term unemployed and due to sequestration and cuts at the state level funding for benefits has been drastically reduced.

The overwhelming attendance at the hearing underscores the concern members of Congress feel about the unemployment crisis.


The Naked Elite.

Austerians are finally proven beyond doubt to be wrong in their assumption that reductions in government spending are the only path to economic prosperity.

Well, let’s just think about this idea for a minute. Are austerians really so stupid that they believed the nonsense to which they were subjecting the world economy. Of course not. Austerians were never concerned about an economic theory being right or wrong. They were chasing and catching profit by making their subjects suffer.

Austerians have gained many billions of dollars of wealth by forcing their flawed economic ideas on the world’s economies. Need proof. Just check the stock market results for the last few years and you realize that profits have reached all time highs with most of the gains going to the austerians. And gains from increased productivity were redistributed upward for a second momentous profit infusion.

And just who are these austerians? Why they are the world’s 1%, the elite, the masters of the planet.

For this tiniest of minorities to increase their wealth, the rest must suffer. So the vast upward redistribution of wealth that has occurred since the beginning of the Great Recession was the result of the exploitation of the 99%.

It has been shown time and again that these self-appointed emperors of the world have no clothes. They are as naked as their failed economic theory. But fashion was never the point. At the core of their belief was none other than pure, garden variety greed.

A prominent accessory to the avarice of the emperors is none other than Angela (pronounced with a hard “g” as in goofy) Merkel, the Austerian Empress and German chancellor, who will soon inherit the title “the Iron Lady” what with the recent passing of the now infamous Margaret Thatcher.

Silent of late, this Austerian Empress will no doubt reinforce her determination to impose further reductions in government spending on depressed European economies even though the policies she has advocated have catapulted the entire Eurozone into a second deep recession.

Yes, the Empress has no clothes and stands naked before the world. Yet she will persist in foisting upon vast stretches of the European landscape the flawed, failed policies of austerity.

angela 2

The Empress has no clothes. Only a bright idea turned to dull-witted lie remains.  (The real painting is by Eugene Emmanual Amaury Duval 1808-1885.  Wikimedia).  

And why not? After all, greed is at the core of the belief. And greed is paying off handsome rewards for the 1%.


Bank Check Ping-Pong.

Ever bounced a check. Chances are it cost you 50, 60, maybe 70 bucks.

Not so when a bank bounces a check.

What! Banks never bounce checks, you say. Fuggetaboutit.

Victims of fraudulent foreclosure are learning otherwise.

Apparently, the checks by banks that wrongfully foreclosed on homeowners are not only woefully inadequate. But the ping-pong back and forth between other banks.

Here’s how it happens. You see, banks have to follow rules when issuing checks intended to compensate victims for bad bank behavior. I know, banks following rules is an oxymoron because banks don’t follow rules even when there are rules that banks are obligated to follow.

Pagagraph 2 When a bank issues such a check is must contact something called Rust Consulting. Rust Consulting is the private, profit making firm contracted by the government to verify that the checks are clearing. Now the banks obligated to pay victims of bad bank behavior, don’t actually issue the foreclosure compensation checks as you might logically expect they would do.

Paragraph 3. The bank that issues the check is one Hamilton National Bank, the bank that gets the foreclosure compensation check from the Bank of Bad Behavior. Hamilton Bank, in far too many cases, has been unable to verify the validity of the checks, puny to begin with, and so the checks can’t be cashed.

Are we clear?

Well, here’s the rest of the story. You may think that government handling something as simple as compensating victims of fraudulent foreclosure is so grossly inefficient that it should be drastically curtailed.

Not quite right. You see, each step outlined above is a profit making opportunity for the companies involved. You should properly say that government is so grossly corrupt that corrupt government should be sharply curtailed.

Now that would be correct. Of course, it ain’t gonna happen.


While I was reading The Bible, I tried to highlight all the good parts. Then my highlighter went dry.


Recipe For Cat Food High.

From the Obama-Pelosi Cat Food Cook Book comes this nourishing recipe.

One cup of dried cat food.

Half cup of milk made from dry milk.

Ten homegrown and dried marijuana leaves.

Two ounces homegrown dried thyme.

Mix in mortar and pestle.

Add two jiggers of rum stolen from a liquor store.

Heat outdoors over wood fire until crisp.

Makes three servings.


Ever notice that no one cares that hemp makes a sturdy rope.


A gal would constantly hum
In her garden-she had a green thumb.
She did it while nude
But it started a feud.
Among guys who got drunk on cheap rum.
In her garden the weed that she grew
She’d often times put in a stew
She shared it with Harry
The beau she would marry.
So served to poor Harry both stew and a screw.