So what are we "in for"?

Secretary of the Treasury Henry Paulsson claims that we, the taxpayers of this nation, should bail out "Wall Street" to the tune of 700 Billion Dollars.

The House of Representatives has said "no"...and I just may agree with them.

The President of the United States, and the Chairman of the Federal Reserve has said that our economy is in peril, and that we are risking an era worse than the Great Depression of the 1930s unless we "do something and do it quickly."

I'm just not sure about all of this. We are spending 10 billion dollars every month in Iraq. We have terribly inferior support-systems set up for our returning veterans--and for veterans in general. We have a serious healthcare crisis in this nation--one we've had for as long as I can remember. We have a serious educational crisis in this nation--but yet we want to throw more money at the school systems, instead of requiring absolutely accountability from the parent's house to the school house.

We are allowing Governor Palin (and her God) to be mocked and blasphemed...and we might even laugh at Tina Fey's parody (though I don't watch Saturday Night Live).

Our society seems to be running amuck, and we just don't care--unless it touches our wallets, and reduces our savings/401k plans, etc.

So what are we "in for" in these United States? Anyone have any ideas?

1 comment:

Tim Elston said...

Phil, your skepticism is well placed. The bill both McCain and Obama voted today for has no teeth to stem foreclosures, which are the real problem, and, worse, it sets us up for another round in the future because it tells financieers that there are no consequences to abusing the financial system if you really, really abuse it big. There are other plans that provide incentives for banks to renegotiate mortgages with homeowners (something that banks fight) in lieu of collapsing. These plans are flooding senate in-boxes, but seventy-five senators today turned a deaf ear to them. It is a testimony to how the Senate is an adjunct of Wall Street rather than of the People. But this vote reminded me why I plan to vote for neither McCain nor Obama. They don't have a clue about the economy, and this vote proves it. I am not voting for Obama because I do not want four more years of President Bush's policies, and I am not voting for McCain because I do not want four more years of President Bush's policies. But they are not Bush's policies. They are the policies of the Plutocratic Party, which stays in power through a well planned strategy of pretending to be of two camps that are in competition with each other. We take sides and throw our money at what we think are two competing parties, but in the sewers of Congress, the White House, and the Supreme Court, the Plutocrats sit as one as they plan their next tour de farse. The Executive, Legislative, and Judicial branches proceed from a single trunk, the Stock Exchange, altogether known as the Money Tree. Unfortunately, the branches provide shade only to Wall Street. I think it is time for us to cut the tree down with our Second Amendment arms, and send Obama and McCain their "Thank you for applying" letters, "Best wishes in your job hunt. P.S.--If you know of anyone who understands economics, please send them our way."

The filthy lucred do not need a free lunch, and we will not go hungry if they do: