It’s sick math–and it’s probably even worse than how I depicted it in this cartoon. No matter how you crunch the numbers, there is no way anyone can justify the bank bailout as anything other than a massive transfer of wealth from taxpayers to greedy corporations.
When I was growing up, a “layoff” was something that happened while a factory closed temporarily in order to allow surplus inventory to be sold. Then workers came back to work. Why can’t corporations just admit it–they’re firing people?
I hope the second panel is understandable. I’m trying to say that the workers voted to take pay cuts, but the boss will screw them. It’s probably confusing.
And they say drawing comics is easy. Liars!
Obama has money for every financial institution there is. But homeowners are still waiting for help. Reminds me of another out-of-touch president who spends too much time with rich people…
Got the idea for this one when I went to buy a newspaper and it was so light that I thought someone had filched a section.
This is a riff on Obama’s decision to push out the chairman of GM. Obviously he’s fine with the way his torture operation is going, which is why it’s being expanded and moved from Gitmo to Bagram.
It’s true: financial markets are reacting favorably when bad news is less bad than previously forecast. If there’s a better indication of a country in despair, I don’t know what it is. We’re pathetic.
I’m confused. First the banks and other companies requesting government bailouts claimed they would go under if they didn’t get them. Now they’re offering to return the money because the conditions are too onerous. So they didn’t really need the money in the first place, right? Or am I missing something?
