As I write this the Dow is down 522 points, headed below 10,000 for the first time in over four years, and the so-called bailout seems to be exactly what we were afraid it was: the biggest armed robbery of the poor by the rich in the history of humanity. I have watched with amusement the mainstream media "bread and circuses" distracting folks, the sports pseudo-competitions and the celebrity sex and the spangly sparkly objects swung hypnotically before our eyes to lull us into being afraid and being obedient. Congress grew a pair briefly, voting NO on the so-called bailout initially, but then lost 'em as quick as they'd found 'em. The bloody horsehead of martial law was plopped onto the senators and congresscritter's pillows and most of them turned and bowed and pullled their fetlocks. Yeash, Mastah Paulson...
The American population, on average, as a whole, reads, writes and comprehends at about an 8th Grade Level. The Republicans know that they are dealing with a bunch of mental 14 year old’s who don't pay attention to what is really going on. That is how they were able to destroy this Country in only 8 years. Our educational system, for the majority of us, is a joke. Analytical thought is uncommon, and the reality is that this is a country that runs on credit and credit alone. Our maufacturing jobs are all gone overseas. We don't make anything that people want, except weapons and war, we have a "negative" savings rate and a large percentage of the population that thinks Sarah Palin is an excellent choice for Vice President. Now, Ms. Palin may be a good mom, a fine Wasilla mayor and an OK Alaska governor, as two intelligent professional liberal Alaskans of my aqauintance maintain she was, but her absolute top level of competency was reached with that job, if not the previous one, in my opinion. But I digress. Bottom line - the rich have robbed the poor, at gunpoint, and have gotten away with it.
From a blog at US News, a rant to-the-point:
QUOTE Ever since the republicans, under Richard (I am not a crook) Nixon, decoupled the Dollar from the Gold Standard due to the increased runaway spending of the Vietnam War, we have been on a slippery slope towards economic ruin. The mad-dog , $10 Billion Dollars a month spending on the Iraq war is merely a repeat of the Vietnam War Economics. The crisis we are facing today is the result of a dollar that is not worth the paper it's printed on. The rest of the world is slowly coming to the same conclusion and if something isn't done post-haste, they will start dumping the toilet paper we call the U.S. Dollar and cutting their losses before we take them down with us. As to the $700 Billion Dollar bail-out, it's for the Chinese and other sovereign wealth funds that are demanding that their investments be made good or they will proceed to cash out while they can. Well I guess SOCIALISM is bad for the public but good for WALL STREET as it helps foreign banks recover their losses. UNQUOTE