Saturday, October 04, 2008

Remaking America

What could be done with a trillion dollars? The creation of factories, refurbishing of existing factories, jobs, healthy economy, and much more. The government now "owns" the fannies and will run these institutions that own, at some level, most of the mortgages of homes in America. With such a level of Socialism, why not use the trillion dollars to "go to war" with our economy? Recall how America got out of the "Great" depression? We got into World War II. At great governmental expense we created factories, refurbished factories, built vehicles, ships, arms, and much more. We then took these highly expensive manufactured goods to far reaches of the world and destroyed most of them, abandoning the remainder to the countries they happened to be in at the end of the war. Instead of using a trillion dollars of magic money to enrich the banking and investment fat cats, why not use a trillion dollars to go to war with our own economy. We could use new factories, rebuild and bring up-to-date manufacturing facilities. We could then build some of our own appliances and goods. Why not build "liberty" ships or their equivalent again and start competing with world trade transportation again. Let the government own the factories, ships, or whatever and allow the workers to buy the factories, ships or whatever from the government. That way, everyone gains from the bottom up. People have jobs actually in America, actually producing items for sale to the world again. And, the money invested in vehicles, factories, roads, trains, and more is all inside America and all paid back to the government several times over through purchase of the factories, goods, ships, and so on and through taxes paid by the workers and sales of these same manufactured goods. That's how to get America back on it's feet with "magic" money. Throwing it at the Savings and Loan, Banks, and investment companies will not do anything except exacerbate the damage already done.

Magic money

So, now we all pay for the planned and created crash of the banking and investment world through the use of bad housing loans. Do you really think the people who perpetrated this evil actually did it without foreknowledge of their actions? Banks are run and overseen by financial experts who are fully capable being aware of their actions in the larger financial world for years to come. Many "rogue" experts warned of exactly what was coming years ago and were dismissed by the other experts who were well aware of the accuracy of the warnings but wished to continue to become more rich at the expense of a one-day crash. Do you think these same people were not aware of the pathos they were creating (of people losing their homes) and that they would probably benefit doubly when the public supported a bailout of the same institutions that created the crisis? Do you think these same people were not aware of the bailout of the Savings and Loan institutions 20 or so years ago? We've all been "had" and now we have stupidly allowed these same evil financiers to continue and gain even more wealth.

Oh yes, I was wrong about the cost to the individual American. The bailout is now estimated to cost nearly 900 billion dollars. As we all know from past experience, this will expand quite a bit to reach well over a trillion dollars. At that level (more than $900,000,000,000.00) it will cost each American from baby to elderly more than $3000.00 or more than $12,000.00 for a family of 4. And the government thought we could "kick-start" the economy by giving each family $600.00 to a maximum of $1200.00 just a few months ago. Now, we must cough up more than 10 times that much to "kick-start" the banks that will take back the houses and resell them for a profit, giving the evil financiers more money at the public expense.

What could we, the public, have done with a trillion dollars? The mind boggles.

Friday, October 03, 2008

bailout costs for YOU!

The population of the United States at present is about 350 million. With a bailout cost of at least $700 billion, the cost PER PERSON is $2000.00. Got an extra $2000.00 you'd like to GIVE to the fat cats who wrecked the banking system? Not me! Want to contribute a few thousand to the sink hole of those who bought homes way above their means and now want to have US bail them out? Not me! Nor will the banks bail more than a few out with the money given to them by each person. For a family of four that's $8000.00 and I'll bet nearly all family of fours are watching their budgets carefully. Now, we are supposed to hand over a lot of money to keep fat cats fat. Will it pass the second time, now that the Senate has "sweetened the pot" with more money for pork and fat cats? Hope not. Time to stop bailing out the Savings and Loan and now Banks that deal with unfair methods and operate in such a way to make the rich richer. Stop the bailout.