Boys and Girls, you have been flim flammed by the guys pushing the big government bail out plan. (See the story at the link below)
After the "bipartisan" effort to shove the big bank bailout down our throats in such a hurry, they have stopped think and realized that the buying up of bad loans perhaps wasn't the best use of the taxpayers' money. They have yet to buy up one single bad note. Did they not tell us that this money was to buy up the bad loans to free up funds to open up the credit market? I believe that was what was said all along. Now, they have changed the plan. They have tricked the easily duped Congress into approving a huge expenditure of tax funds for a socialistic goal. But now they are not using it for was was advertised. They are using it however they see fit. Your Congres has just given these dreamers and scammers a blank check. How about them apples? For the most part, they are merely buying stock in existing banks that have gotten themselves in trouble with bad loans. Now they are considering a boisterous request by the auto industry to spend some of the $700 billion of the bailout money on saving the big three auto makers.
The UAW spent alot of money getting BHO elected President, and now they want some return on their investment.
The point of this is that you, the American public along with your Senators and Representatives have been utterly and completely conned by the proponents of this massive socialistic effort. We are now at the mercy of tyrants who will dictate to you how to use your money.
"Crazy Hank" Paulsen is not elected by any people, and he has never been elected. He is appointed as a quasi-dictatorial "expert" in the national economy.
The bottom line is this: the economy must be free to work under the rules that govern a free economy. Businesses supply products or services in return for revenue. Most of these will come to termination because their product or service is no longer desirable, and they were not able to adapt with updated or upgraded products or services. Maybe their product is obsolete or someone else made it better for the same or less money. For whatever reason, businesses fail and go bankrupt all the time. The auto industry is in trouble because they have let the labor unions increase their overhead to the point that they cannot compete with the overseas car makers unless the government intervenes with extra taxes or import tariffs on the imported (higher quality) cars. Plus, the American auto maker had historically had difficulty making vehicles that are as reliable in the long term as Japanese or German machines.
Therefore, the US Government is being asked to pour billions of tax dollars into a poorly run business that makes an inferior product just to keep them in business. They do not have to adapt to the times or make a superior product. They get to keep making the same poorly engineered American cars, selling them at inflated prices, and paying top dollar to executives that got them in this mess in the first place.
Why are we letting these Treasury guys steer us down the road to socialism?
Let the bad businesses fail for crying out loud. When they fade away, other more clever and enterprising individuals will start businesses that make a superior or upgraded product (provided of course that the government does not regulate them out of business). We have to say "NO MORE!" to these people. They said that approving the bailout plan would stop the fall of the stock market, but it is still falling, isn't it. They said it would get the economy moving, but it hasn't. Retailers are predicting the worst Christmas selling season in recent history. The people with money don't trust these guys, and you shouldn't either.
EVERY SINGLE CONGRESSMAN WHO VOTED FOR THIS PLAN SHOULD BE DEFEATED AND REMOVED FROM OFFICE IN THE VERY NEXT ELECTION! THEY HAVE CONNED THE AMERICAN GOVERNMENT OUT OF BILLIONS OF OUR TAX DOLLARS. WE HAVE TO STOP THEM. HOW CAN YOU LET THIS GO ON?
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3 comments:
Well, all the more reason that we need the 2 major parties to work together in the interest of the county. That would be true patriotism. And, your freshman class level rant on economics is all fine and well but massive deregulation and a free for all in terms of making money at any cost is going to bankrupt our country and that is the most UNpatriotic thing these creeps have done.
another quote from you
"Boys and Girls, you have been flim flammed..."
Are you our enlightened father?
And Coulter our enlightened mother?
Another quote from your rant
"EVERY SINGLE CONGRESSMAN WHO VOTED FOR THIS PLAN SHOULD BE DEFEATED AND REMOVED FROM OFFICE IN THE VERY NEXT ELECTION!"
I agree with this except to say that every politician needs to go. They have all led us downhill, all of them together. They have collectively looked out for their own interests and their big business buddies and look where we are now. Time for revolution?
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