Follow The Simple Plan: Let Them Go Broke

I see the bailout did not work as planned! What are we going to do about the credit markets? Whoa your panic horse in, and let's look at some measures that have to work for the common person or as I like to say "we the people".

I have a Masters degree and I figure to be at least a fairly smart person, so I am going to give my cure for the current credit crunch. In my healthy opinion, my answer appears to be simple compared to the really smart trolls who got us into this jam! I learned a valuable piece of knowledge many years ago from a simple person. He related that the ones who you think have all the answers and are revered to be the only ones who know the answers to difficult problems, know a lot less than you thought. Since my lesson, when someone who is thought to be the authority declares the truth, I simply begin to question their findings. I find that most are revealed for what they are...bearers of false or misleading information. At this point, I am declaring my thoughts!

Ask yourself this question: What happens when "we the people" get into credit problems? Think about this question...does our Government come to yours or my assistance with quick bailout schemes? No! We are allowed, whether we retain our dignity or not to sink. We are left to survive on our own. We may be despondent or embarrassed. We may have to join the ranks of welfare. Who knows what may befall our lives?

Oh; you say we can use the old bankruptcy law for protection. Yes we can and we just might take advantage for protection from our debtors! Wait a minute...didn't George W. Bust fight to get the bankruptcy laws changed so it would be more difficult to file for bankruptcy? Yeah...ole George is a real compassionate fellow.

The last option for "we the people" I will mention is we could take our family and go "into the wind". Yes, we will go on the run from our debt. I don't know where we will head, but Mexico might be a good place to hide. My problem is I have two bad knees and I can not run fast anymore. Ho-Hum!

Now I have presented my program for curing the credit crunch for companies in America and all over the world. LET THEM GO BROKE AND DECLARE BANKRUPTCY JUST LIKE "WE THE PEOPLE". Why should these companies be treated any different than "we the people"? Let them use the options above!

Although many will say this cannot be done, I say,"if the laws were created for all the people, including companies, then let's follow the law and let them go broke!" There is no complex formula for salvation, only a very simple plan. My plan is the simple plan.
Dave

Congress Loans To The Wolves

Do you remember the song the late Jerry Reed recorded about how "she got the gold mine and he got the shaft"? In my healthy opinion, "we the people" just got the shaft and our legislators along with the big investment firms got the gold mine! I feel like after watching the second Presidential debate, no one is mad for "we the people" other that Bill O'Reilly. The candidates were as placid as a windless lake about what has been perpetrated upon "we the people"!

Are you as angry about our current monetary situation as I? Please say you are ready to rip the hearts from the AIG big wigs after they went to a spa. They did this after our government bailed them out by giving them billions of dollars! I believe they spent some four hundred thousand dollars soaking up their luxurious treatments! Is this their atonement for destroying thousands of lives who believed in their company? What assholes!

The bailout rips my butt apart! We are giving the wolves that just committed murder on Wall Street, 700 billion dollars to help them stabilize our economy...what the hell! Do you see something wrong with just handing them our precious money that obviously is borrowed from our future? Oh; you say that there will be over-site this time and these bankers will be watched like a hawk would watch a mouse, and if something illegal is taking place, the bankers will be eaten up by our hawk! Congress will make sure that the committees watching for irregularities will have everything under control to protect "we the people"! Let me see if we have this whole bailout straight! Our Congress loans the wolves more money and the Congress will have over-site upon the wolves. That about sums the situation! Wait a second! I see some big hawk droppings...don't you?

What happened to the previous watch dogs that were watching out for "we the people"? Were they on vacation or perhaps just looking the other way? Where was the famous Barney Frank? Was he not the head of the committee that was to over see the investment community? What about Chris Dodd? Wasn't he our hawk in the sky to protect us? Guess what? They will be on the job again watching out for "we the people". Good God Almighty, I feel safe now!

I have said for a long time that our congress is bought and paid for by the same companies we just loaned money to for the bailout. What a sweet deal! Our leaders are not watching out for "we the people", they are lining their pockets off of our misery and are now repeating the same process, by loaning the investment bankers more money! I ask you...do our leaders have a soul of sense? If being a legislator was not profitable, why do they run over and over for re-election? It just might be to help relieve "we the people" of our hard earned money!

It seemed that everyone thought the bailout was necessary, and even John McCain rushed back to Washington to work on a better bailout plan. John McCain should have stayed away, but I guess he wanted a piece of the eventual pie! I get sick when I hear how McCain says he is an outsider in Congress and is a real maverick! In reality he has been in Congress for 30 years...a real outsider huh!

One thing about Obama! Please remember, he is a member of Congress and is one of those insiders bought and paid for! Really...yes Really!

What has happened since the vaunted bailout bill was passed and signed into law by President Bush. I am choking of disgust about Bush, but for now let's evade him and fine out how the market has been doing since the bailout. As of October 9Th, the Dow is down 519.16 along with the Nasdaq which is down 94.03. As I write this post, the time is 2:56 in the afternoon. You can count as well as I, and figure how many days since the bailout has the market been down.

Our great, considerably less than honest Congress just had to give our money away to the wolves. In my healthy opinion, this is abominable!
Dave