Who Hijacked Our Country

Thursday, May 12, 2005

The Credit Card Companies Were Right

OK, I was wrong about this bankruptcy bill that was dictated by the banking and credit industries. When the credit card johns came around waving millions of dollars, and their Congressional Harem (formerly known as senators and representatives) duly bent over and spread their cheeks, I was skeptical.

But now I realize they were right; there are some absolutely immoral, useless, blight-on-the-gene-pool deadbeats out there. And this new bankruptcy bill is exactly what we need to crack down on these lowlifes.

This is just too sleazy and underhanded for words. Who could imagine United Airlines actually being shameless and slippery enough to try declaring bankruptcy in order to get out of paying for their employees’ pensions. Every time you think our Feudal Lords couldn’t possibly sink any lower, some corporate sleazebag comes along and sinks even lower.

I’m sure this is exactly what the banking and credit industries had in mind when they pushed for this bankruptcy bill. Thanks to this new law, United Airlines employees will be able to keep their pensions after all. The top executives of United Airlines thought they could wriggle out of their responsibilities, but the banking industry has put them in their place. Nice try, Dickheads!

Again, I feel really guilty about all the names I’ve called the banking and credit industries in earlier posts. On behalf of all the grateful United Airlines employees, I think we should all……uhh……hm……wait, this can’t be right……What?!? The bankruptcy bill doesn’t apply in this case??!!??? But…

OK, this, this doesn’t make any sense. So they’re saying, uh, let me get this straight now…a family (or single person) cannot declare bankruptcy — no ifs, ands or buts. You lost your job? Too bad. You’re a victim of identity theft? Get over it. Staggering medical bills? Get a grip.

Oh, you’re a CEO with a 7-figure salary and you don’t want to sacrifice any of it for your lowly workforce? Awww, we understand. Now dry your eyes; everything’s gonna be just fine. You can declare bankruptcy and still go on about your business, and you don’t have to spend any more money on pensions for that sniveling workforce. Fuck ‘em if they can’t take a joke.


Blogger Brother Kenya said...

Jeebus. Somethin' tells me we're gonna have fighting in the streets one of these days. Howcome water doesn't flow down anymore?

May 12, 2005 at 7:54 PM  
Anonymous MandT said...

Damn right BK its just a matter of time. Great site---we'll be back mandt

May 12, 2005 at 8:38 PM  
Anonymous Tom Harper said...

Brother Kenya: Yeah, it could come to fighting in the streets. Or some aristocrats being sent to the guillotine.

Mandt: Thanks.

May 12, 2005 at 11:49 PM  
Blogger Steve said...

I liked this bill from the very start. Sure, the credit companies are going to get rich. I don't care. People nowadays feel as if they don't need to have any responsibility, and they got what was coming to them if they planned to have the credit companies take the fall for them.

Besides, those of us who do practice financial responsibility will probably benefit from better deals and lower rates in the long run.

Games are for Children

May 13, 2005 at 8:25 AM  
Anonymous Tom Harper said...

Steve: I hate to disappoint you, but this post was tongue-in-cheek. I might have been in favor of this bankruptcy bill if it was totally across the board.

My post was pointing out the contrast between families who get no slack at all, and multibillion dollar corporations that can declare bankruptcy just to get out of paying for employee pensions, and then continue on about their business as if nothing happened.

May 13, 2005 at 12:12 PM  
Anonymous JollyRoger said...

Socialism for the rich, as practiced by a Stalinist. And the faithful flock don't seem to remember what happened to the first batch of Stalinists when Stalin no longer had need of them.

Get with the program, or expose yourself as the America-hater you are!

May 13, 2005 at 12:30 PM  
Anonymous Tom Harper said...

Jolly Roger: Yeah, I think the shit's gonna hit the fan when the Bible Brigade discovers that Bush and Rove were just using them. If they ever figure it out.

May 13, 2005 at 1:02 PM  
Blogger Ken Grandlund said...

Note to Steve: Personal responsibility has nothing whatsoever to do with the egregious behavior of corporate America. A pilot of 31 years with the same company has already proven his value of dedication and responsibility but who cares about him, right? He was probably the reason the UAL HAD to declare bankruptcy. It couldn't have anything to do with poor management from the bastards at the top of the ladder, now could it.
It's sad, Steve, when people stand up for the corporate bastards instead of the rank and file who make it all possible. Let's see what you say when it's your turn to join the ranks of screwed over employees. Let's hope you have no life threatening medical emergency in your future, unless of course, you were born wealthy!

May 13, 2005 at 3:17 PM  
Blogger Unadulterated Underdog said...

This situation is a classic case of my theory of Corporate Communism. This is the stage where companies slowly gain power absolutely. They are mighty close and getting closer every day GWB is in Washington and every day that his cronies (Tom "Screw You" DeLay and Bill "Hallelujah" Frist) are there with him.

May 13, 2005 at 3:34 PM  
Anonymous Tom Harper said...

Ken: Excellent answer. Thanks.

OK Democrat: This is definitely a classic example of Corporate Communism. A company makes hundreds of millions of dollars, keeps all the profits, and when their money gets tight they can breach all their contracts and the taxpayers will bail them out. Nice work if you can get it.

May 13, 2005 at 4:41 PM  
Blogger Steve said...

This comment has been removed by a blog administrator.

May 18, 2005 at 9:14 PM  
Blogger Steve said...

[original post deleted, edited, and re-added]

When I saw that 18 people visited my blog from this page, I knew there was some sort of controversy brewing here.

Ken, Medical emergencies have nothing to do with credit card debt. If you default because of your health, the state will pay for your care - what are they going to do, let you die? Health insurance is another issue entirely, and I think it would be great to have a national health insurance program.

I'm talking about people living within their means. I have very little money right now - I haven't bought one optional item in months. All my money goes either to the university, to the landlord, or to the grocery store.

I haven't relaxed on a weekend in two years because I'm always working somehow. But I'm not one cent in debt, because I work hard and make sure not to waste my money drinking or buying useless things.

You're going to tell me that somebody who wastes all his money on those things, enjoys life to the fullest, and then declares bankruptcy should be bailed out? He'll get to keep what's important, like his house, and give up all the things he wasted his money on. And the money to bail him out isn't coming from nowhere - I'm paying for it.

So in the end, I've worked my butt off, he did very little, and we both end up around the same place.

Isn't there something wrong with this picture?

May 18, 2005 at 9:21 PM  
Anonymous Tom Harper said...

Steve: Yes, medical emergencies are sometimes related to credit card debt. It's not likely to happen to you at your young age, but for older people this is fairly common. The emergency room takes you in (like you said, they aren't gonna just let you die) and later your insurance company decides their policy doesn't cover it. Then the hospital comes after you. If bankruptcy isn't an option, there goes your house.

Or a combination of things: a layoff plus medical expenses that aren't covered by insurance; also identity theft (which is exacerbated by the banks and credit companies trying to lure every man, woman and child with special offers and instant credit).

There definitely are some deadbeats and sleazy people who try to get something for nothing, and know how to work the system; but a massive crackdown like this takes a lot of innocent people too. This law was written by and for the banks and credit card companies.

May 19, 2005 at 12:09 AM  
Blogger Steve said...

As with all actions, there will be some innocent people caught in the mix. But I would think that more sleezeballs will be caught than truly sick people, who already encounter such problems.

Do you think that more responsible or irresponsible people will be affected? I would hope it's the latter.

May 19, 2005 at 9:10 PM  
Anonymous Anonymous said...

Some bankruptcy filing stats for Steve:
Average age: 38;

44% of filers are couples;

30% are women filing alone;

26% are men filing alone;

Slightly better educated than the general population;

Two out of three have lost a job;

Half have experienced a serious health problem;

******Fewer than 9% have not suffered a job loss, medical event or divorce;****

Highest bankruptcy rates: Tennessee, Utah, Georgia, Alabama.

So Steve, as for your "Do you think that more responsible or irresponsible people will be affected? I would hope it's the latter.", you're DEAD WRONG.

May 19, 2005 at 10:47 PM  

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