Alice received some of that $500 (because Carol paid some in taxes and had to dip into other cash to pay Alice) and Alice paid taxes on the same money that Carol and Beverly already paid to the IRS.

Alice had to purchase lumber for the deck, unless she got it from FreeCycle, so that means Home Depot got some of the money, and had to pay taxes on it, too, unless they are big enough to have lobbyists getting tax cuts for them and they don’t have to pay taxes.

Of course, Beverly could have borrowed more money from the mortgage lender than the $500 she owed, so she could buy the lumber.

Beverly takes out a new mortgage and the bank says “Okay..we can loan you the money, because so-and-so deposited $55.56 in their savings account, and we can loan up to 9 times that amount to someone else, hoping you’ll pay us interest back…besides, when it all comes crashing down on us, (because you defaulted on your loan) we’ll just get a bailout package from Congress since we flunked basic math and realize that when we lend out more money than we have coming back, we go bankrupt.”

Congress takes the same money that taxpayers have already paid taxes on, and sells our American assets to foreigners (such as our state parks, roads and landmarks)to raise money for the bailout packages because we are already trillions in debt.

The bankers pocket the money and go to $12,000 a night hotels, buy jets, and get involved in the merger games.

A Fortune 500 company’s parent corporation buys out shares of the bankrupt bank, (Lehman Bro.) giving them partial control of the Federal Reserve, using bailout money. Of course, while the executive of Lehman Bro was asking for bailout money, he had already pocketed $300 million…but Congress didn’t care.

The Federal Reserve is controlled by 70% foreign families and corporations and 30% American corporations who are buying up companies, controlling Congress and the courts. Of course, the Federal Reserve is a for-profit entity that Carol, Beverly, Alice and Deborah probably thinks is run by the American government.

The Federal Reserve controllers declare a recession and depression so Alice, Carol, Beverly and Deborah are afraid of the economy and vote for change. “Yes we can”

Then, the new kid on the block, who makes more money than Alice, Carol, Beverly and Deborah, combined, will ever make, sets up change.gov for all the American people to learn how to be taken care of by the government from cradle to grave, while he spits on the Constitution.

Foreigners put all that money into his campaign, but they can afford to do that because Americans buy gas and the money goes outside the country.

Eventually, they won’t need the $500 from each other any more because the government can take care of them.

The Federal Reserve wins.

How delightful to find someone who dislikes Brad as much as I do!

http://organizationsandmarkets.com/2009/01/13/the-delong-hall-of-honor/

http://krugman.blogs.nytimes.com/2009/01/27/a-dark-age-of-macroeconomics-wonkish/#more-1301