Bailout to Secure Your Future

Many of us have been anxiously watching as domestic and global Investment Banking Systems melt down faster than Ice Sheets in the Arctic. Over past year and recent days, I have listened to experts, analysts and opinion makers, predict and scale this monumental disaster.  Sad to say I know little more than I did before the banks choked on the bad debt they created by conspiring with borrowers who thought they cold get something for nothing.   There is never and never will be something for nothing. 

The borrowers are not victims of predatory lending, that’s bullshit, they are co-conspirators in theft from the rest of us.  The victims are those who trusted in a flawed and hopelessly corrupt system of lending, in which they are innocent of greedy choices the bankers and borrowers have made.  

Our elected officals have allowed this nonsense to go on in the name of wealth building.  They have built a system of unregulated, unsecured lending to every one’s demise.    Democrat and Republican have been operating on a perverse ethic of  “look the other way and line your pockets while you can”.   Now they have bankrupt this country.  Our elected officials have been operating a system that allows the theft of tax payers money through earmarks,  by extortion of cash flown into Iraq by the pallet load and by “war contractors” who routinely loot our national treasure through false billing, bribery and bogus contracts.  It is no surprise our elected officals chose not to regulate banks that were in the business of creating false wealth from which they all would benefit.  It is no surprise when the game got too risky and their worst nightmare was realized, they would leave the tax payers holding the bag.  

Enter Secretary Paulson and Chairman Bernanke, who arrive like superheroes, defenders of our national economic interests, although it seems my interests are not included here.  Listening to the chaos over the past days, it seems everyone is waiting for the investment markets to hit bottom with absolutely no idea where the bottom is…  Meanwhile Paulson, Bernanke and the usual cast of criminals from Republican to Democrat have fabricated the brilliant idea of a “bailout”.  The basis of which seems to grounded in the idea that we did nothing as the markets crashed just before the Great Depression, so this time around we should try a bailout.  After all we have the precedence of Chrysler ’79 and the Savings Loan Bailout in the late 80s.  Is this not comparing Apples to Llamas or the sinking of the Titanic to the bombing of Hiroshima.

It is curious how this has been in the making for years and just as the elections roll around all hell breaks loose. It all has the familiarity of George Bush pulling ill planned wars out of his ass after 11, September and rushing head long into disaster.     How do we really fuck things up, just jump into the middle of the shit and throw Trillions of dollars at it.   If that doesn’t work leave it to the Silly Ass Democrats and Freak Show Republicans to clean up after Bush and his cronies are long gone.

It seems this is a disaster of unparalleled scale and proportion. The only thing that will prevent the “wealthy” from leaving the burden of their bad investments on the tax payers shoulders, are the tax payers themselves.  Sad to say, I doubt that’s going to happen. Too many of these tax payers are the same ones who are wowed by Sarah Palin.

Watch carefully as the Bankers and Politicians do the familiar slight of hand, “dazzle them with economics and then baffle them with bullshit”.  Watch them steal the middle class blind by leaving an economic time bomb on the door step.   These courageous Republicians and Democrats, Champions of the Free Market, the ones who got us in the shit to begin with, are doing this “bailout thing” to save the middle class?   The salvation of the middle class is going to  show up as a time-bomb called, “triple digit inflation”.   When the bomb bursts the profiteers will have long since secured their fortunes and be gone like a thief in the night. 

One day we will look back and say, “damn good thing we did the bailout in ’08, it saved my retirement account”, which you won’t be able to distinguish from the pennies in the coin jar on the dresser.