Thursday, September 25, 2008

You cannot spell Trillion without 12 zeroes.

Anyone else excited (*sarcasm) about our Guv`mint pulling out $1.5 Trillion ($1,500,000,000,000) out of their nether region for the sake of some people with bad mortgages and some banks that screwed the pooch. . . Did I mention that currently there are no plans on making these banks pay anything back for these bailouts? AIG is getting $85 Billion ($85,000,000,000) and not being asked to pay any of it back ever. Congress and the Feds are on the hook for the first $800,000,000,000 and Dubyah is pushing the next $700,000,000,000.

In short, this means that banks and investment groups and even some individuals who made risky investments and got completely burned by them are getting bailed out. Even AIG Executives and CEOs who were pulling in millions a year for doing a bad job. What exactly is bailing them out though since this money is coming out of thin air? Well, it is coming from everyone who made bad investments AND those who lived within their means. So, if you made millions doing a poor job investing you'll still have millions and you will be fine, maybe you will have less millions, but you still are better off than 95% of Americans. If you were making a modest living and living modestly you will be punished for the other's sins.

Imagine that Tom Cruise drove his porsche into a lake and decided to make some very risky business ventures to pay for that porsche only this time the Government is whoring you out instead of Tom. We might come out of this having avoided a sticky situation for Tom, but how come Tom still keeps his porsche and we just get boned by our adolecently minded "leaders?"

Now Johnny "POW" Mac and The O to the Hussein Bama are going up to Washington to do what? Curtail uneasiness in the market? Come up with alternate solutions? NOPE! they are simply going to create a bipartisan atmosphere in D.C. to help get this money printed.

BipartisanShip is a sinking one and I'm looking for rowboats.

-E

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