AZspot AZspot

blue bits. red rocks.
Saturday 18 April 2009

Or how about the four or five billion dollars we spent annually for the last decade or so on Federal Housing Authority subsidies? Well, actually, the teabaggers probably would get riled up about those programs, which subsidize mortgage loans to low-income homeowners. The one constant in teabagger outrage is that the whatever wasteful government program they’re freaking out about has to benefit some poor slob, or else they usually don’t give a shit. What they forget, of course, is that FHA loans ultimately benefit the banks a lot more than the poor slobs — a homeowner defaulting on his FHA loan loses his house, but the bank that irresponsibly issued the loan (without fear, knowing they are backed up by the government) is still fully compensated, with you picking up the tab. So yeah, government waste sucks, it’s rampant at every level, and taxes are a vicious racket, and everyone should be pissed off . What’s hilarious about the teabaggers, though, is how they never squawk about waste until the spending actually has a chance of benefiting them. You will never hear of a teabagger crying about OPIC giving $50 million in free insurance to some mining company so that they can dig for silver in rural Bolivia. You won’t hear of a teabagger protesting the $2.5 billion in Ex-Im loans we gave to GE through the early part of this decade, even as GE was moving nearly a hundred thousand jobs overseas over the course of ten years. And Michelle Malkin’s readers didn’t seem to mind giving IBM millions in Ex-IM and ATP loans at the same time it was giving its former CEO, Lou Gerstner, $260 million in stock options. In other words teabaggers don’t mind paying taxes to fund the salaries of Bolivian miners, Lou Gerstner’s stock options, deliveries of “sailboat fuel,” the Hermes scarves on Sandy Weill’s jet pillows, or even the export of their own goddamn jobs. But they do hate it when someone tries to re-asphalt their roads, or help bail their slob neighbor out of foreclosure. And God forbid someone propose a health care program, or increased financial aid for college. Hell, that’s like offering to share your turkey with the other Pilgrims! That’s not what America is all about! America is every Pilgrim for himself, dammit! Raise your own motherfucking turkey! Matt Taibbi

A GNT creation ©2007–2011