Bail Out From Hell.
My plan is to make this post brief - let’s see how it goes.
I have heard more politicians over the last few days that I’d like to remember talk about the financial bail out plan - you know the 700 billion dollars tax payers are going to borrow from the federal reserve to “buy up” crappy investments of major banks and wall street fat cats so that they can ignore the fact that they all F’d up. Allow me to give a brief synopsis and dialogue of what I have heard. Realize that the following is paraphrasing - granted most will be direct quotes, but hey who cares.
Politician 1: If we do not act now, if we do not make this bail out plan work, if we do not set aside 700 billion dollars (could be a trillion, we really aren’t sure yet), if we do not make these moves to save these institutions then millions of people could lose their investments, could lose their money, could lose their retirement plans, could lose their houses, their cars, their ways to get more credit, and could lose their jobs! WE COULD END UP IN A DEPRESSION!
Politician 2: So what stipulations and controls are you putting into place on this 700 billion dollars?
Politician 1: Huh?
Politician 3: Will this bail out save the economy?
Politician 1: How about them Yankees? Hell of a team!
Politician 2: You keep saying could but I have yet to hear words like “WILL”. Do you actually know?
Politician 1: Yes we could have lots of bad stuff happen! BOO! RAWR!
And there you have it. Lots of people in politics right now want to cough up 700 billion dollars of the tax payers money to bail out massive corporations. If it is done several things WILL take place:
- The United States CANNOT be counted as a capitalistic society. In Capitalistic societies companies who screw up die - they aren’t bailed out by the government.
- The US government will be involving itself directly in citizen run business - this is Financial Socialism.
- The national deficit WILL grow.
Before this bill passes I want to see a list of investments that every single politican owns and check off how many of them have investments in the very firms they are planning to “save”. Can you say CONFLICT OF INTERESTS?
All that said - anyone ever been to Belize?
