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« Lobby For War, Profit From War, Lather Rinse Repeat | Main | William Cohan: "Wall Street takes risks with our money, they count on getting bailed out, and they don't have any liability" »
Tuesday
Apr192011

Arlo Guthrie LIVE Performance - I'm Changing My Name To Fannie Mae - Price Of Gold Is Rising Out Of Sight

Song:  I'm Changing My Name To Chrysler - The Original

Arlo Guthrie - I'm Changing My Name to Chrysler (Live at Farm Aid 2008)

This live recording is much better than the one inside, which is the Fannie Mae version.  Lyrics are included for both.

  • "Corporate welfare-the enormous and myriad subsidies, bailouts, giveaways, tax loopholes, debt revocations, loan guarantees, discounted insurance and other benefits conferred by government on business-is a function of political corruption. Corporate welfare programs siphon funds from appropriate public investments, subsidize companies ripping minerals from federal lands, enable pharmaceutical companies to gouge consumers, perpetuate anti-competitive oligopolistic markets, injure our national security, and weaken our democracy." - Ralph Nader in "Cutting Corporate Welfare."

---

Song:  Arlo Guthrie - I'm Changing My Name To Fannie Mae

Lyrics by Tom Paxton

Oh the price of gold is rising out of sight
And the dollar is in sorry shape tonight
What the dollar used to get us now won’t buy a head of lettuce
No the economic forecast isn’t right
But amidst the clouds I spot a shining ray
I can even glimpse a new and better way
And I’ve devised a plan of action worked it down to the last fraction
And I’m going into action here today

CHORUS:
I am changing my name to Fannie Mae
I am going down to Washington D.C.
I’ll be glad they got my back
‘Cause what they did for Freddie Mac
Will be perfectly acceptable to me
I am changing my name to Fannie Mae
I am headed for that great receiving line
So when they hand a trillion grand out
I’ll be standing with my hand out
I’ll get mine

When my creditors are screaming for their dough
I’ll be proud to tell them all where they can go
They won’t have to scream and holler
They’ll be paid to the last dollar
Where the endless streams of money seem to flow
I’ll be glad to tell them all what they can do
It’s a matter of a simple form or two
It’s not just remuneration it’s a liberal education
Ain’t you kind of glad that I’m in debt to you

CHORUS

Since the first amphibians crawled out of the slime (of the slime!)
We’ve been struggling in an unrelenting climb
We were hardly up and walking before money started talking
And it’s sad that failure is an awful crime
It’s been that way for a millennium or two
But now it seems that there’s a different point of view
If you’re a corporate titanic and your failure is gigantic
Down in Congress there’s a safety net for you

##

 

 

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Reader Comments (15)

Loved it.
Jul 2, 2010 at 8:08 PM | Unregistered CommenterS. Gompers
so do i gomp...

happy holidays to you and your family...and that excellent grandson of yours...all my best to you...

if you have that one photo hosted somewhere...never mind..i will host it on the site...in a storage file..that way others can see it...hold on...
Nov 24, 2010 at 4:38 PM | Registered CommenterDailyBail
and voila...here it is...i assume you don't mind my showing off your grandson...

http://dailybail.com/storage/gomp-grandson.JPG
Nov 24, 2010 at 4:42 PM | Registered CommenterDailyBail
Gompers, looks like that little fellow is gonna be a hunter, teaching grandchildren the ways of the woods is true happiness. That boy is a keeper and so is the buck. Congratulations.
Nov 24, 2010 at 9:05 PM | Unregistered CommenterSagebrush
My best wishes to you and your family sage...
Nov 24, 2010 at 11:44 PM | Registered CommenterDailyBail
Thanks DB, I hope you and your family have a wonderful Thanksgiving.
Nov 25, 2010 at 12:08 AM | Unregistered CommenterSagebrush
Happy Thanksgiving everybody. DB, you forgot to say that my wife shot that eight pointer with her bow. The grandson is 3, and the only thing he likes better than hunting is gardening, antique tractors, and golfcart racing between JTS and I. You got to teach them young about food sovereignity, otherwise they will give the whole damn country away for a big mac and fries in mamby pambyland...

This will be his first year hunting the elusive morel in the woods this spring, I can't wait.
Nov 25, 2010 at 3:24 AM | Unregistered CommenterS. Gompers
In other news, the USDA forecasts corn production at 12.664 billion bushels, down 3.8 percent from the 13.16 billion production forecast last month and lower than last year’s record 13.11 billion bushel crop.

While corn producers will welcome the higher price to compensate for lower yields, the livestock and dairy producers will have to pay more than they expected to for feed.

Translation is, food prices are going up, and it may be a lean spring and summer for certain food items.
Nov 25, 2010 at 3:36 AM | Unregistered CommenterS. Gompers
Should the United States of America change its name to Sanford & Son?

For six of the worst months of my life, I owned a restaurant, at which today (if it still existed), I would refuse to eat at for health reasons. I had one guy who sold me my all my meat. When he delivered my steaks, burger and sausages, as part of our arrangement, I gave him all the fat and scrap that the cooks cut off of the steaks the day before.

One day, a couple of the my cooks, who turned out to be smarter than I, put the scrap, that we had always given the meat vendor, through the meat grinder. Then they threw it on the grill, and we discovered where the hamburger we were buying was coming from. That's right, I had been buying back our own meat and didn't know it.

The next time the meat man came, we bought his meat (minus the burger) and didn't give him our scrap. He never came back again. It turns out that the USA is doing much the same thing.

The three top recipients of US exports are Canada, Mexico and China. China's number one export commodity to the US is computer parts. Can anyone guess what USA's number one export to China is? It's scrap steel and trash. Can anyone venture a guess as to what the Chinese are manufacturing with the that US trash? Well, at least China is paying for something for our garbage. Still, wouldn't it have made more sense for the US manufacturing economy if we recycled it and used it at home?

So, at the time of the first Thanksgiving, when this country was a colony of England, we sent them our raw materials, and they sent is back their manufactured goods. This gave England a huge financial surplus, and put us in their debt. Now we have a similar arrangement with China. Who says that history doesn't repeat itself? Happy Thanksgiving. It's a shame that the turkeys, who have run this country into the ground, are still running wild with their heads intact.
Nov 25, 2010 at 1:40 PM | Unregistered Commenterblack swan
@black swan

But not for long. The people in America are starting to wake up becouse of BHO helping us. Now everything is comming out of the wood work.

Give it 2 more years and we may not have a goverment as we know it today.......!
Nov 25, 2010 at 3:53 PM | Unregistered CommenterTexas Dar
"wouldn't it have made more sense for the US manufacturing economy if we recycled it and used it at home? "

Yes, but that would not fit the world plan they have to make us a third world country. And the masses will love them for it.

http://www.fastcompany.com/blog/norman-wolfe/leading-living-organization/catch-wild-pig-society-parable-and-lessons-leaders

Very insightful last paragraph and past business analogy.
Nov 25, 2010 at 9:26 PM | Unregistered CommenterS. Gompers
good link gomp...

@black swan...great comment...i enjoyed reading it...
Nov 26, 2010 at 3:32 AM | Registered CommenterDailyBail
The Fiat patent fraud. About the Fiat hybrids: the technology double clutch with electric motor between has been stolen by a patent that Fiat Company has never wanted to purchase, but only shamelessly to copy. This hybrid solution will be the basic technology with Chrysler's electric and hybrid car program. Please give a look in my blog where the "vitality" and boldness of the Fiat planners it appears in all of evidence: http://dualsymbioticelectromechanicalengine.blogspot.com/
If the industries can afford unpunished to copy the ideas and defending it need very expensive trial, to which target need the patents? How to defend the rights of private inventors? How our young people can find intellectual courage if the economic potentates crush the rights of the single ones? Whoever is about to ask for a patent or wants to propose a proper patent to a big firm I suggest to give a look to my experience with the Fiat, to get able to operate with better adroitness. Thanks and good time to everybody. Ulisse Di Bartolomei
Nov 29, 2010 at 3:31 PM | Unregistered Commenterulisse
BRILLIANT SONG..JUST LIKE THE KIND MR. DYLAN USE TOO WRITE..BY THE WAY WHERE THE HELL IS HE WHEN WE NEED HIM NOW?.. WIKI-DINKS..A QUALITY MOSSAD COMPANY OF DIS-INFO...THE WHOLE WINKI DINKS LEAKS LIKE THE YELLOW RIVER DOWN YOUR PANTS...
Nov 29, 2010 at 7:50 PM | Unregistered Commentermike hunt
@ulisse...

thanks for your comment...
Nov 29, 2010 at 11:54 PM | Registered CommenterDailyBail

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