Wilbur, Talking Trash, Letting Them Eat Cake

WILBUR ROSS, THE EIGHTY ONE YEAR OLD Secretary of Commerce, should know a thing or two about business and finance, because, like the insurance commercial says, he's done a thing or two about business and finance. Although he at one point was an alleged billionaire, his net worth was recently reported in Forbes as somewhat less than seven hundred million. So maybe he aint that brilliant after all. Still eligible for limo transportation, however. His specialty is familiar to those who follow the career of onetime presidential candidate Mitt Romney: ross scoops up failed companies, often in the steel and telecommunications industries, restructures them usually by downsizing and handing people pink slips, then, when said companies begin to show signs of life, sells them for a substantial profit. For this reason he has been called "the king of bankruptcy", a title for which, in the grand scheme of bottom feeding American economics, he has a considerable amount of competition. With regard to the government shutdown, and its impact upon hundreds of thousands of federal workers and their families, Ross suddenly forget everything he has ever learned, or not learned, about basic economics. why not? After all, he was talking about the "little people". his comments are well known to millions, most of whom are still struggling to elevate their dropped jaws. he is mystified, he opined, by the fact that many furloughed federal employees including FBI agents, are standing in line at food pantries, seeking a hand out, All they have to do, advises the king of bankruptcy, is wheel on over to their local bank or credit union, and take ppt a loan to tide them over until such time, assuming there is ever such time, as the government reopens, and they return to the workforce. he added an irresistible incentive for taking such action; furloughed workers could get federally backed loans. Sounds like quite a bargain, until you actually begin to think about it, which quite obviously Mr. Ross has not yet begun to do. Omitted by Mr. Ross was the fact that normally, when people walk into a bank and apply for a loan, they do not walk out of the bank the next moment, or the next day, or the next week, with money in hand. In order to secure a bank loan, we all know, except ross, the first thing you have to do is prove that you really don't need one, which currently out of work people most assuredly do. Not only that, but people out of work, with no money, not only need gas money to get to the bank, they need money now, not later, to survive, because, alas, they and their families need to eat food today, not next week. It is a known fact that by the time one walks out of an American bank with cash in pocket, and if one is depending on said cash for physical survival, one has already lost a considerable amount of body mass, and perhaps all of it. Then too, of course, there is the small matter of interest. When one receives a paycheck, one does not have to pay interest on it, and in fact, if properly invested, such as in a savings or retirement account, can draw interest. With a loan, one must not only repay the loan, but also a considerable sum of money merely for the privilege of having borrowed the money. this is called "standard procedures" in America. Other names for it, among more civilized folk, are "usury", and "blackmail". the point her is that people not earning any money are hardly in a position to repay a loan with interest, let alone repay a loan. And then, what about the missing money, which a paycheck includes, for health insurance, 401K, and contributions to Social Security? Those things don't usually, or ever, come with loans. Trump, by appointing Ross and a slew of other billionaire types to his cabinet, has obviously not only "drained the swamp", just as he promised, but has refilled it with more expensive upscale swamp water. Wilbur Ross, the rst of Trump's cabinet, and the chief mafia don himself could perhaps benefit from doing a bit of "slumming", hanging out with the hoi polloi, which in Greek, means "the the masses", the second "the" being meaningless and redundant, just like Wilbur Ross and his insensitive, idiotic, unworkable, useless blather.