Showing posts with label 2008 recession. Show all posts
Showing posts with label 2008 recession. Show all posts

Saturday, December 20, 2008

Congress Screws Constituents Yet Again


WASHINGTON, D.C. - With a tough economy leading to dwindling kickbacks from lobbyists and declining favors from key muscle figures back home, Congress secretly voted last week to give themselves raises.

Each member of Congress will get an extra $100,000 next year, a free pass for one on any Atlantis Events cruise, and a lottery ticket to be the first to kiss the ring of President-Elect Barack Obama on inauguration day. Democrats, the majority party in Washington, will receive an extra bonus, the number to Illinois Gov. Rod Blagojevich’s personal, unbugged phone line.

“I dread looking at Wall Street,” said Senate Majority Leader Harry Reid, in anticipation of Monday’s stock market reaction. “But…what the hell…CC Sabathia gets $9 million to play for the Yankees…before even throwing one pitch. It’s Christmas. And we serve a much more important function than any sporting entertainment. We deserve this.”

After a year in which the Dow lost nearly 4,000 points, the national debt is surging toward $11 trillion, Congress approved a $700 billion bailout for the financial industry (then got mad at themselves for doing it), and automakers Chrysler and General Motors received a $15 billion bailout from the Bush administration after Congress declined to award one (perhaps so they could pay themselves?), some watchdog groups are not happy about the raises.

“As lawmakers make a big show of forcing auto executives to accept just $1 a year in salary, they are quietly raiding the vault for their own personal gain,” said Rip O’Toole, chairman of The Vocal Old Guys League, a non-partisan group. “This money would be much better spent helping the millions of seniors who were conned into blowing their retirement on the promise of equitable IRAs and stock investments lasting well beyond their lifetimes.”

Jerry Nicklepockets, vice president of the budget watchdog Taxpayers for Government with a Shred of Common Sense, said Congress should have taken the rare step of freezing its pay, as lawmakers did in 2000.

“Look at the way the economy is and how most people aren’t counting on a holiday bonus or a pay raise — they’re just happy to be stuck in meaningless jobs for another year and be able to enjoy college bowl games over the holidays on their HDTVs,” he said. “But you have lawmakers who are set up to get a pay raise and go happily along their way. What really burns me is the free pass on any Atlantis Events cruise. I mean, c’mon. We all know members of Congress are prostitutes, but do they really have to flaunt their gayness so openly, too?”

Nikki Fourfingers, president of the Government Employees Union Local #267, which represents Congress, said the raise was on par with union governing brethren worldwide. “This is a solidarity issue. Members of Congress are not about to make any givebacks, even though the economy is bad. The taxpayer will just have to live with it. And like it. Or else.”

In 1789, Congress received just $6 a day, which amounts to about $75 a day by today’s standards. Currently the average star lawmaker, such as House speaker Nanci Pelosi, makes $4 million a year. The minimum salary for Congress members is about $600,000, established in a new union contract after members went on strike for much of 2002.

Rep. Harry Mitchell, a first-term Democrat from Arizona, did sponsor legislation earlier this year that would have prevented automatic pay adjustments from kicking in for Congress next year. But the bill, which attracted zero cosponsors (although then-Sen. Hillary Clinton said she’d sponsor a similar bill in the Senate if Mitchell agreed to write in a raise for the secretary of state), failed to make it out of committee.

Mitchell was later stoned to death for breaking union ranks.

Financial swindler Bernard Madoff has offered to fund the increased Congressional salaries through his Ponzi scheme in exchange for a $50 billion government bailout to pay back the millionaires to whom he owes $50 billion. The government is said to be demanding ownership in his investment firm as part of any agreement.
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Tuesday, December 9, 2008

World’s Oldest Profession Feels Economic Crunch


Despite the adage that vice is recession-proof, even ladies of the evening are falling on hard times these days.

This once proud profession has seen earnings decline for most of 2008. Instead of patronizing many popular establishments, men are reportedly staying home and playing Grand Theft Auto, which features brothels and unsavory night clubs.

Egbert Krumeich, manager of Artemis, the largest brothel in Berlin, said the global recession had dented his revenue by 20% in November, usually peak season for the industry. Meanwhile, in Reno, Nevada, the multimillion-dollar Mustang Ranch recently laid off 30% of its staff, citing a decline in high-spending clients.

“I feel like I no longer have a purpose,” said one laid-off madame. “I’m going to pick up knitting again. Or maybe I’ll start a public company. At least then, I’ll be eligible for a bailout.”

All economic indicators of the health of the industry are down: the rate of STDs is decreasing for the first time in recorded history, Victoria’s Secret and Frederick’s of Hollywood have filed for bankruptcy, and pharmacy giant CVS reported condom purchases were limp in Q3 2008.

Several high-profile prostitutes offered solidarity for the failing profession.

Free-agent major league pitcher CC Sabathia announced he will be turning down a 6-year $140 million offer to play for the New York Yankees. “I cannot, in good conscience, take that much money when the world’s oldest profession is in such dire straights. I’ve contacted the Dodgers, Giants, and Angels, to let them know I’m willing to take $100 million from any of them. It’s the least I can do.”

Former New York Gov. Eliot Spitzer said he was forming a charity for the industry. “So many politicians are prostitutes themselves,” he said yesterday. “We should be banding together in this time of need. I’m putting my mouth where I used to put my money. I call on other politicians who patronized brothels in better times to join me.”

Actress Susan Sarandon said: “It’s the damnedest year. The Durham Bulls can’t lose, and I can’t get laid.”

When informed she was being interviewed about the troubled prostitution industry, not one of her old movies, she responded: “I don’t care. It’s still the damnedest year. And I still can’t get laid.”
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Saturday, December 6, 2008

The Great 2008 Carmaker Swindle


I'm going off topic today (no humor again):

Let’s just say I have a business behind the times.

I’ve repeatedly ignored requests to make my product cost consumers less money to use and operate. I’ve created products in foreign countries that foreign countries can make better here in America – and sell cheaper. I’ve thrown cash around my business, and burned it, like I had a direct supply to the Federal Reserve.

I’ve propped up union bullshit like “job banks” and “retirement” benefits such as Viagra prescriptions and full health coverage to retirees to the point of impending bankruptcy.

I’ve repeatedly fought government agencies on “cleaner technologies,” even if some of those technologies might be cheaper to make than what I currently offer in my product. (Please suspend your disbelief about “climate change” and man’s ability to affect it, negatively or positively. Please ALSO suspend your disbelief in government programs, mandates, laws, and rip-offs in any shape or fashion, at least for the next few paragraphs.)

I’ve flown expensive, private flights to hearings with government officials who can wipe my ass if I play them right. I’ve pissed said government officials off by not being able to tell them how much taxpayer money I need to keep my business alive for a month, a quarter, a half-year, a year.

I take a couple weeks, throw a few numbers together, and come back to Congress (driving, of course) and tell them the Earth will flatten, the sky will fall, and we’ll all die if taxpayers don’t fork over billions of dollars to keep my flailing business afloat – until I can figure out how to sell it.

I manage to con a lame duck president and a Congress (that makes great boasts of protest against me) to cave in and give my business, which is doomed to tank, $15 billion of your money so I can survive for just a few months longer.

Are you pissed?

Or are you like this author, spending time at the wool factory getting your back sheared because you can't do a thing about it -- except NEVER buy their products again?
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Tuesday, November 25, 2008

Oil Plummets; OPEC Leaders Off Themselves



All voting members of the Organization of Petroleum Exporting Countries (OPEC) committed suicide today amid plummeting oil prices.



Oil dropped below $51 a barrel due to falling demand, the backlash of most Americans parking their SUVs and, en mass, hitching up horse and buggy in protest four months ago when oil peaked at $147 a barrel.



Most notable among the deceased were chief United States enemies Mahmoud Ahmadinejad, president (not so much anymore) of Iran, and Venezuelan Dictator for (His Shortened) Life Hugo Chavez. Chavez reportedly sold all shares of the Venezuelan-owned gasoline company Citgo prior to snorting himself to death, leaving all earnings to his cabana boy, known only as Fidel.



“The world is mine!” Chavez reportedly said, before burying his head in a pile of cocaine on his desk and expiring.



Prior to his own demise, Ahmadinejad is said to have wanted to kill himself because the sharp drop in profits his country previously reaped, by raping oil-guzzling nations like the U.S., left Iran with no money to buy plutonium from Russia, thereby ending Ahmadinejad’s nuclear dream of turning Israel into a landing strip for his private fleet of G-5 airplanes.



Sources say Ahmadinejad chopped his own head off.



To fill the power vacuum left by the demise of OPEC, analysts say Halliburton, Vice President Dick Cheney’s former company, will likely muscle in for control of oil reserves in all OPEC nations. Cheney, meanwhile, is still fighting his own battles, having been indicted for misdemeanor assaults.



President George W. Bush proclaimed the situation a victory for the U.S. “I, uh, well, I’m happy for the U.S. It’s a great day when you get to pay $1.68 for a gallon of gas and Dick’s buddies get to own the world. Oh…dang. Did I say that on camera? Hey, now….move along. Nothing to see here. How long until we’re done with this job?”

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Wednesday, November 19, 2008

Milk Industry Moos for Bailout



The head of the milk industry today petitioned Congress to include the failing milk industry in the sweeping $700 billion financial industry bailout.



Testifying before the House Financial Services Committee, Rick Smith, president and chief executive officer of the Dairy Farmers of America, the largest dairy marketing cooperative, said: “Americans depend on good milk, and we just can’t give it to them in today’s marketplace. We need this bailout as a stopgap to tide us over until the economy strengthens next year or in 2010.”



Dairy farmers have long complained that high costs of pasteurization and shipping have stymied their market. In addition, Chinese milk producers have recently flooded the U.S. with cheap milk, and people are buying it despite recent reports of contamination by leftover tiger and toy parts.



Japanese milk conglomerates have also gotten in on the free market. Taking a page from Toyota and Nissan in the auto industry, they have produced quality milk with more luxury amenities Americans want, like candy-cane-striped coloring, mini-TV screens on containers, and free mp3s downloadable from their websites – all for less than the cost of a gallon of U.S.-produced milk.



On top of it all, the cost of pasteurization is outracing deflation when just a few months ago the average consumer was battling rising inflation, and labor is now entrenched because of corporate givebacks, Smith testified.



“Union cows are afforded the protections of more lavish benefits than ever before. They work 20-hour work weeks, laze around the rest of the time in sun-drenched fields chewing on their own puke, and the union will no longer let us shove our arms up their behinds to artificially inseminate them to increase output by mass-producing a workforce. And let’s not even talk about retirement earnings, like grazing privileges on failed golf courses. We’re absolutely castrated!”



Smith also told committee members that federal regulations to curb greenhouse gas emissions, enacted during the Clinton administration, have put the DFA’s more then 18,000 dairy farmer-owners in 48 states on the brink of bankruptcy.



“We know that methane gas is a serious contributor to global warming, but just how are you supposed to feel comfortable producing milk when you have a suction pipe attached to your ass all day long,” Smith asked the committee. The cost, meanwhile, of mandatory conversion of the gas into additives for candy bars, plastics, grain products, and Chinese food is “absolutely gutting us,” he added.



Richard D. Holland, president of the United Milk Workers of America, scoffed at the DFA’s claims of imminent bankruptcy.



“They’re crying over spilled milk! Their cows are the best in the world, and that’s solely because they are union members of the brotherhood of the UMWA. We will give back nothing. NOTHING! Our workers deserve our steadfastness.



“Why, if the DFA had their way, they’d be siphoning slop from the udders of any old field cow, dumping it into unwashed used containers, and selling it on the shelves of American Wal-Marts just to make a profit. Those greedy bastards!”

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Saturday, October 25, 2008

Might as well Jump...2008

Van Halen this is not, nor is it 1929...but you have to wonder how soon people will take this advice (corrected "K" and all).
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