Picture-perfect economics

Posted by Ant Rogenous on Sunday 28 September 2008, 11:29 am
Categories: Blogosphere, Politics Tags: Democrats, economics, FreeMarketCapitalism, GW, KG, Republicans, socialism, subprimecrisis, TehLeft, TehRight, WolfHowling

Further to Bridgit Gread’s excellent post demolishing the wingnuts’ desperate and infantile claim that the current financial crisis in the US is the Democrats’ fault, we have the Tardosphere’s most courageous defender of free speech, KG, indulging in some more shameless obfuscation:

The left — those wholly responsible for the subprime crisis — are complaining on every outlet that they “had a deal” that would have passed into law to allow the rescue of the financial industry but for the intercession of John McCain.
[...]

KG, who appears never to have hatched an original idea, is quoting here from fellow right-wing initialism GW of Wolf Howling, who helpfully illustrates his own execrable post with the following diagram:

Cute. But like so many wingtards, GW neglects to tell the whole story.

Here’s the second diagram from the educational Economix 4 Cockhedz series, which illustrates how free-market capitalists can socialise their losses when their avarice catches up with them (and the people they’ve exploited) and everything goes to shit:

See? Let no one say we’re not all about balance here at GrodsCorp.

UPDATE: The $US700 billion ($840 billion) “bailout” package has been approved. I hope you swallowed, free-market capitalism.

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4 comments on “Picture-perfect economics”

Sunday 28 September 2008, 11:49 am #John Surname

It’s the diagrams John West reject that make GrodsDiagrams the best.

Sunday 28 September 2008, 12:02 pm #The Editor

J.F. Beck would be appalled.

Sunday 28 September 2008, 12:44 pm #Toaf

How come that ~~fascist~~ expert on fascism, Dr TingTong, doesn’t explain to these lads that the bailout is actually an example of fascist, not socialist, tendencies? If the state was expropriating capital in order to hand it over to the working class, that would be socialism. Instead, the state is propping up capitalists to preserve their power; that’s fascism. Perhaps this idea is too complex to be diagramised. It doesn’t involve a gun, after all.