Commentary - 09/20/08

Three Strikes And We're Out

The first strike was giving up our stored labor for paper promises. The second strike was them keeping the money and not keeping their promises. The third strike will be mortgaging our future labor (and those of future generations) to try to make good the promises that were not kept. Collectively, are we really that stupid? They've stole from us twice, and now they want us to reward them once more by mortgaging our future, so they can collect their third dividend.

Today's news article posted by CNNMoney, " Bush wants OK to spend $700B " prompted this commentary.

President Bush has asked Congress for the authority to spend as much as $700 billion to purchase troubled mortgage assets and contain the financial crisis.
Just like the Patriot Act, all the verbage and work on that paper was done over the years. Then they bring it out, dust it off and push it through Congress with winks. However, this time we're sold out for good. Then again, according to this old 1889 book, that's what they've always wanted in the first place, to "own the earth in fee simple." Even with that old book in hand, I had no idea that this was how it would go down.
Treasury Secretary Henry Paulson, lawmakers and their aides are expected to work through the weekend in an effort to craft a bill swiftly. Democratic leaders on Capitol Hill said they expect the bill to go before a vote within days.

It seems to me that this is like former arsonists now running the fire department. Did not Paulson and his comrades previously spend years at Goldman Sachs? They've even made a sham of our election process, with our only choices being a newbie/hack vs hack/newbie, Obama/Biden vs McCain/Palin. Using simple math, take away the newbie on both sides and all you have left is hacks. Where were these political hacks the last 30 years when all this was going down? Of course, that is a rhetorical question.

House Republican Leader John Boehner, R-OH also issued a statement on the crisis, saying, "Our economy is facing unprecedented financial challenges that could imperil the bank accounts, retirement savings, and jobs of countless Americans. The Administration has put forward a plan to help the American people, and it is now incumbent on Congress to work together solve this crisis."
So if our bank accounts, retirement savings and job have already been stolen, why are we doubling the bet again?
Why are we borrowing money to pay the arsonists' ransom by mortgaging our future?

When we can't pay the future property taxes, they will then have TITLE.
I'm sure our children will be asking us some day, "What did you do in the (economic) war, daddy?

Don't you hate it when The Dragon Wins?

2008 by Edward Ulysses Cate
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