Peter Blane

Apparently, i’m obsessed with Fannie and Freddie

Posted in Uncategorized by wusspett on November 9, 2011

So, here’s the most hilarious thing ever: Fannie Mae is requesting another $7.8 billion and Freddie Mac is requesting $6 billion from the Treasury Department. These guys have been posting loses since TARP (anyone remember that? Yeah, it’s been a while).  TARP! Man, it’s been a long time! The funny thing is this crap is staring you and me in the face every day.  Just like gas prices refusing to go down, this has become the accepted norm. I know, we don’t have time to deal with this – that’s the elected official’s job.  Which brings me to my next moment of hilarity!

I just happened to check the CPI (consumer price index), and i just about flipped my, uh, well, you know. The government uses this to measure inflation – which has been going up.  Usually, wages follow a similar pattern, but they haven’t.  Inflation has been rising at a higher rate than wages have been.  That means things are getting expensive and we are getting poor. Pretty crazy, right?  I mean, it makes sense.  I think that’s why even dumb people know the word “economy” now.  Things are tough.  Here’s what really got me though: according to CNN, “declining wages are not just a result of the Great Recession. Adjusted for inflation, middle class wages, as measured by median household income, have fallen 7% over the last decade.”  So, WTF have politicians been running their campaigns on?  No matter who is talking on TV, whether they are trying to run for something, pass legislation, or argue against someone, I usually hear “the middle class” in there.  I thought The Middle Class was their biggest focus?  “Doing this for the good of the middle class”.  It seems that in this instance, they are actually being ignored – like gas prices.

Yay! Daily dose of cynicism! lol