Thursday, September 25, 2008

F#*k the Bailout!

In case anyone isn't seeing this for what it is, take into consideration a few of the following points:

remember the S@L bailout years ago and how wrong it appeared in retrospect...

How about the fact that our economy was quite healthy after the depression/new deal and that the lean economic times helped bring people together...

If this is such a globally catastrophic melt down why is the US putting up all the money?

Why is the US going to bailout the wealthiest and most physically unproductive sector of our society, they produce no real value in the economy (aside from driving the prices up) and are clearly ineffective as investments banks if they bought the crappy securities to begin with. If i made a bunch of bad buys in the market would I be bailed out? NO!

They say the credit market drives our economy, but the last I looked a good job drives me around.


They say that this will help the housing market and get more developers working so builders can re-hire...and build more houses so we can do this whole thing over again?...sounds like an effective strategy.

They say without this the credit market will continue to flounder, but 700 billion is enough to do the following:

pay down credit debt for middle/lower class to create space in the credit market(700 billion would give 100 million people $6,000 each) and stimulate consumer economy, provided there are jobs for people to earn

which leads me to the next option in our solution

provide small business loans, at low interest rate, to companies that can provide work for new hires and R&D

Or

Put it into infrastructure like an updated power grid and new rail depots/lines to handle freight more efficiently than trucks and highways (that our taxes pay to fix at a huge loss considering the trucks do %80 of the damage if not more.)

So i say let the banks burn and use the money to stimulate a future for our world.

If you want to help than email your representatives here.

hope you write, it's easy just put your zip code in and write a note...


Who decided we suddenly have 700 billion to spend anyway??? Last I looked our republic is in debt to T-bill holders overseas and who ever owns the federal reserve bank. Who is that anyway?