The experts tell us there will be another “bloodbath” on Wall Street today. There may be, or it may be another “dead cat bounce”. All that matters is that the American public was told if the big 700 billion dollar bailout package passed, all the problems would be fixed. Anyone who bought into that line probably falls for the e-mails saying “you won the European Lottery…”
If Congress ever did its job correctly, which will happen when I win that European Lottery, they would have passed long ago all the “sweeteners” that enabled the bailout bill to rush through the House on Friday. I find it an insult on my intelligence that these people think we are all so dumb to not see what they are doing. They sit on legitimate bills that honestly help the American taxpayer and then throw them all on a doomed bailout package to pick up votes from nervous Representatives worried about re-election in their districts.
So, now that we all get to pay for wooden arrows and rum, we get the privilege of watching the government try to stop the economy from hemorrhaging by placing a band aid on the gaping wound. Within days of this latest “fix”, the wound will erupt again, pumping the very life of the country out onto the street.
Back “in the day”, they used to deliberately cut a person and drain some of their blood in hopes the diseases and toxins making the patient sick would drain out in the blood. Perhaps that is happening today in the financial sector, but there is a very high risk the economy might “bleed out”. Everyone who watches CSI knows that most murder victims die when their body loses so much blood, there is no life left in them.
The human body’s natural way to deal with wounds is for the blood to clot. Once the blood clots at the site of the wound, the bleeding stops. This is unless too much blood is lost before the clotting takes place. I happen to believe the economy could have and would have clotted on its own if the politicians promoting their own agendas had not started trying to “fix” the problem. Just exactly how much good did the Economic Stimulus checks mailed out to most of us in May and June do? I know Wal Mart and Target liked them.
That money was gone as quickly as it came, for that is what the President told Americans to do with it. It was our Patriotic duty to spend the money the government “gave” us (which was our money to begin with before we paid it in taxes). All America has to show for that money is a bunch of things. New cars, televisions, furniture and clothes are found in many family’s homes. A few extra hundred dollars are not found in too many people’s savings accounts.
Not too many months ago, we were suffering though endless weeks of $4.00 per gallon gasoline and almost $5.00 per gallon diesel. During this time, the “experts” (such as the Treasury Secretary and President) kept telling us that all was fine, even with the high fuel costs. The high price of fuel was blamed on oil being $140 per barrel. Hmmmm. Last I just checked, oil was under $90 per barrel this morning. That should translate into $2.50 per gallon gas. Last I looked, ours was still over $3.40 per gallon.
Those who through their greed want every penny they can steal from us will not stop their endless shenanigans until they manipulate markets and tax codes to get it all. Whether through increased taxes or decreased buying power; one way or another the world’s money men will not rest until they rake in their winnings like the winner of the world’s biggest poker tournament. How unfortunate it is that those winnings are our earnings.