We are like that only !

This phrase is more popular in India.

Do not know if some famous Indian head honcho said this and it became some kind of classic quote, so readers please provide a link to the origin of "We are like that only!", if you have it.

Now, this is used usually in a defensive state, as in "dont tell us how we are doing, dont complain about how we run things, etc. etc." and it ends with "we are like that only!".

It is high time Americans adopted the phrase.

Why?

The US economy is going through its worst time
Taxpayers are going to be taxed more with all bailouts
Money is literally being pumped in to the same channels which got the US in this mess and

While all this goes on two news items today catch my ears:

1. Citibank gives bonuses to employees in the form of cards with $1,000 to $3,000 loaded in them!

2. American express decides to offer 300 bucks to a bunch of American express card holders, if they would close their credit card account and pay their bills.

Here is the funny part according to what I heard on the radio.

Let us say, you have $ 500 left in your amex Card. Now you transfer the balance to another credit card, thereby essentially paying off the Amex card, you get $ 300 from Amex!

You just made 300 bucks courtesy of some bailout money for which guys like me are busting everything they got working 18 hours a day, 6 days a week! It is however sad that you are still in debt by 200 bucks.

If you happened to transfer your balance to Citibank, the guy who gave you that credit card offer will get another bonus for his brilliant ability to get "more business" and they will give him another $3,000 gift card, courtesy of more of taxpayer money. I will probably have to work 18 hours a day all seven days a week!

If the person whose account Amex is trying to close is as fiscally responsible like I expect him to be (I am literally rolling on the floor laughing at my own sarcasm with happy and sad tears), he/she will figure out a way to transfer the balance do some juggling and get a perpetual payout machinery.

Before you know it, a couple of more billion dollars will be syphoned out of the system.

At that point I will be working 27 hours a day nine days a week!

Hi, if you think that cannot happen, think again. There is no bottoming out of this crisis. The next bailout to bailout the previous bailout will be approximately 10 Trillion dollars and it will involve bailing out rotten banks, loan brokers, real estate agents, mortgage lenders, wall street firms, insurance agents, credit card companies, etc. etc.

What to do?

We are like that only!

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