Tom the Dancing Bug by Ruben Bolling for February 20, 2010
Transcript:
Tom the Dancing Bug by Ruben Bolling Hollingsworth Hound in "Squeeze Plays" Hound: Don't begrudge the huge bonuses C.E.O.s got for running their banks into the ground! President Obama doesn't! Barack Obama: "There are some baseball players who get more than that who don't get to the World Series." "That's part of the free market system." Hound: He's totally RIGHT! And here's how free market capitalism works in banking AND in baseball! 1. Threaten the government Hound: Secretary, give us more money or we'll take down the economy! Hound: Mayor, build me a new stadium or I'll move my team to another city! 2. Use government support to profit STEAK Hound: Lend to me at a low rate! I CAN'T DEFAULT...the government will bail me out! GATE H GAME TODAY! Hound: Hoo! Profits are easy when the government pays for your facility! 3. Throw government-subsidized money at top players Hound: Here's your bonus, pal! See you on the links... $$$$$ Hound: Come to my team! It's fun to win! Whee! $$$$$ Hound: So keep out of our business, government! Meddling in bankers' bonuses will only mess up the pristine equilibrium of our free market system! Baseball Player: We're both too BIG to fail! Paid for by the C.F.T.G.F.I.H.F.M.C.-E.F.G.H.T.T.R.A.P. (Committee For Totally Government-Free, Invisible Hand, Free Market Capitalism, Except For Government Handouts To The Rich And Powerful)
Why is Obama taking the blame in this cartoon? The only bailout that’s happened while Obama’s been in office is the Bank of America one. Citigroup, Auto Industry, A.I.G, Fannie Mae/Freddie Mac, and Bear Stearns all happened in 2008.