Tax/Lend Insanity
Albert Einstein probably said:
The definition of insanity is doing the same thing over and over again and expecting different results.
First, I'd like to introduce the underpants gnomes:
As these banks and institutions are reinforced and supported with taxpayer funds, they must meet their responsibility to lend, and support the American people and the U.S. economy. It is in a strengthened institution's best financial interest to increase lending once it has received government funding.
- Source: White House tells banks to stop hoarding money
Got that? Here are the steps:
- Government "supports" banks by taking $2,000 from every man, woman, and child in America.
- Government urges banks to increase lending to "support" every man, woman, and child in America by lending the money they just taxed back to them.
- Profit!!
Here's an analogy from the underpants gnomes when they only planned corporations and before they figured out what step 2 was: