Archive for February 18, 2021

So Much Vice, GOP Acquits Twice

The second impeachment trial of America’s former CEO/Dictator and petulant man child Donald Trump has concluded and to no one’s surprise, he was acquitted, despite a 57-43 vote of guilty. Seven GOP Senators voted for rule of law over party joining all fifty Democrats in saying that Trump incited the riots on January 6th because . . . of course he did. We all saw it on tape!

What’s especially galling is the statement from minority leader Moscow Mitch ‘Turtle Boy’ McConnell made after the vote, which takes the cake for unethical hypocrisy. He basically said that Trump was guilty of provoking the insurrection and should be held accountable. And how do we do that? You impeach the bastard! But no, no, no… Turtle Boy voted to acquit. So, in a nutshell, Trump and the Republicans got away with their malfeasance like they’ve done for the last four years. There was one time Trump told the truth in his whole time as leader of the GOP and that was when he stated he could shoot somebody on 5th Ave and still not lose any supporters. He just incited an insurrection on the Capitol of the United States of America and five people died and several more were injured . . . and he got away with it without losing supporters. And the supposed party of moral responsibility allowed him to do so. If there was any doubt that the GOP is an unethical, immoral, corrupt, crime syndicate of greedy hooligans and grifters before the trial, then all skepticism should be obliterated by this decision. They openly support authoritarian fascist actions to overthrow democracy and install permanent Republican rule.

Speaking of immoral grifters, one of our least favorite humans on the planet passed away, Boss Limhogg himself, Rush Limbaugh. We posted a photo-toon last year that pretty much sums up our feelings about that obnoxious, racist, sexist tub of goo. In short: Rot in hell, El Rushblo!

Oozing with incandescent charisma, Moscow Mitch 'Turtle Boy' McConnell bravely acquits former CEO/Dictator and petulant man child Donald Trump of responsibility for inciting the Capitol riots despite proclaiming that he was guilty as hell.
Oozing with incandescent charisma, Moscow Mitch ‘Turtle Boy’ McConnell bravely acquits former CEO/Dictator and petulant man child Donald Trump of responsibility for inciting the Capitol riots despite proclaiming that he was guilty as hell.

StonkMarketStop

One of the more intriguing recent developments has been the whole GameStop story and how a bunch of neophyte traders on Reddit spanked the greedy hedge fund pirate plutocrats of Wall Street and beat them at their own game.

We won’t go into depth on explaining what happened. We’ll let this article explain the proceedings. Or you can let Tom Tomorrow at This Modern World explain it in cartoon format. But in a nutshell, a group of investors on Reddit, a group called WallStreetBets or WSB, decided they were going to teach the greedy hedge fund managers a lesson. One tactic hedge fund managers use is to short sell stocks. They look for stocks that are failing and basically bet that they’ll continue to die. So they borrow shares to sell and buy all the stock at a lower price before paying off their lender and usually make a fortune. GameStop is a brick-and-mortar video game retailer whose days are numbered because of online video gaming and the pandemic, so they were on the hedge funders lists of future profits. But WSB stepped in and bought stock so that the stock price rose precipitously, which means that the hedge fund managers, who were betting that the stock prices would fall, lost money, BIG TIME. We’re talking billions of dollars. The trend continued for other failing businesses like AMC, Bed Bath and Beyond, and Blockbuster, whose stock price rose 3,990% in a week.

If you say this sounds like rigging the system like that of a casino, you are absolutely right. The WSB people showed that the hedge fund managers have been using Wall Street as a casino for years to get filthy rich with absolutely no repercussions. Of course, now that WSB did the same thing, plutocrats are crying foul and proclaiming that there needs to be regulations in place. You see, only plutocrats are supposed to win money on the stock market, while the rest of us working stiffs just work our asses off making these avaricious assholes richer. So, the greedy corporatists are fine with no regulations until they’re beaten at their own game and then they cry like babies.

We’re looking forward to see what kind of regulations Senators like Elizabeth Warren and Bernie Sanders have in store for the greedy fat cat capitalists in the next couple years. It could get interesting, folks.

A well heeled member of the plutocracy expresses his utter disdain that common peons are making money at the Wall Street casino.
A well heeled member of the plutocracy expresses his utter disdain that common peons are making money at the Wall Street casino.