The Bottom Line Keeps Falling

Image by bobster1985 via Flickr

I've been fairly silent in the past month, because I was waiting for the last shoe to drop. I thought that politicians would start speaking the language of the average person, but it seems that they are still enveloped in their fantasy world.
They are playing politics as the economy burns to the ground and believe me it is a 20 alarm fire. Congress seems to be caught in the 0's culture of drugs that can allow people to hallucinate that reality depends on perspective. It seems that they are hallucinating that the bottomline keeps falling lower and lower in respect to the how soon they will be solvent again.
Every day people are looking at their retirement and their bank accounts and praying that they are caught in a bad dream. Sorry people, this is not a bad dream it is what happens when a country stops making things and all the money has been sent to asia. You see what the politicians and economists call a global economy is a fantasy that a fool dreamed up. You can not have jobs in a country this size if people are not buying goods made in the country. The bottomline is that buying american was not just a slogan, it was an economic necessity. But, companies in the U.S. were greedy and the American people wereg greedy. The companies sent all the products that were made in america out to be made overseas and the American people blindly invested in those companies. Well, the chickens have come home to roost. Empty factories that could have pumped money into the economy and kept the wheels greased are crumbling and the mask of prosperity has fallen off. People can see that the money they thought was here was never here and now the government has to print it and hand it out, so that this country will have money in it's economy.
What people and economist failed to understand was that the economy of a country is a fish tank. Monet goes around and around in a circle over and over again and it gets more added to it as it is needed, like the water in a fish tank.
So what happens when you start pumping water out of the fish tank. It runs out and the fish die. Well America pumped dollars out of the country and the economy died.
Make no mistake the economy is dead. The question is can it be revived. The answer is no. This economy is dead forever. The days of borrowing insanely are over. The days of spending with impunity have ended. A new economy must rise from the ashes of the old economy. People in the U.S. have to make things again. They need to buy what is made. This country got to be the greatest economic power in the world, because we made it better, smarter,and in large enough quantities so that products were affordable and reasonable. Now things are disposable. Nothing last like it should. People have gone back and bought the ssame things ovr so many times that they are in debt up to their armpits. They depended on raises to stay ahead of their debt and most of them did. But, and this is the big but, the things they bught were inflaated in price. They were spending money to buy things that lost half their value when it left the store. That was the begining of the end people. When you can't sell your things for more than you bought them for, when your house has no one to buy it, because the price is out of everyones purchasing power, it all comes crashing down. The U.S. economy became a giant pyramid scheme and the music stopped playing and millions of people were left without chairs. They had no savings. Their houses were overvalued and there were no buyers. Result: An economic crisis that rivals the great depression.
Of course the banks didn't help, because they handed out money like mints in a hotel and relied on borrowing more until they were repayed. But suddenly, millions of people were not repaying the money. The banks couldn't borrow more than what they could repay and they couldn't repay anything. So, the banks began to fail.We threw money at them to save them, but n one asked if they were in debt so deep that they were lost.
Obama has asked the 1 trillion dollar question. How much do they owe? This is something that Wallstreet doesn't want to know. Commpanies don't want to know either. Really no one wants to know, because if they have too much debt, no amount of money will save them. Think of all the money you won't have if they default. Nothing will be worth a plug nickle, because everyone will be broke. There will be no buying, no selling, nothing. What you have right now is what you'll have 5 or ten years from now. This is the skeleton in the closet and Obama's about to open the door.

Bail out the Banks? What about American's

Let me try to explain the public's reaction to this bailout. Why is the reaction so negative? The fact is that people don't like banks. In fact they hate them.
For decades now banks have done nothing, but charge us the highest interest rates that the market will bear. They have nickled and dimed us to death with fees and late charges and any gimmick they could find to bleed us dry. They have used credit reports to hold us hostage and to justify higher interest rates. People know that the banks have done nothing but steal from us any way they can.
Congress has allowed this behavior and catered to the banks every whim. People are tired of their behavior and Congresses turning of a blind eye to it. Now the banks come to us with their hands out and threaten us again, but this time things are different. We aren't going to bend over backwards for them and we aren't going to vote for anyone who does. The small concessions that the banks are making to get bailed out don't impress us. If they are desperate and it doesn't look like they are, then they need to change these behaviors, because the next shoe to drop is to simplt default on all the debt that americans have aqucired in credit card debt. People don't care any more. They see it as us against them. The banks have enslaved us and we don't care if they fail. It may be self destructive, but people are now making a choice between handing their paychecks to the credit cxard companies and their basic needs. They are choosing their basic needs and they know that they are not in the position they are in because of the banks alone. They are in this position, because Congress, both Democrats and Republicans have sold us out to the banks.
We don't beleive that anything will change after this bailout. They have seen Cogresses lack of commitment to changing this situation, so they aren't buying that things will change. The Congress will get reelected and continue with the same behavior that it has demonstrated over the past few decades and we know it.
If Congress is afraid of losing in this election, they have a damn good reason. People aren't going to accept this deal. Congress talks about main street and protecting them, but there is nothing in this bill that will reign in the banks and change the basic fact that the banks continue to steal from us, with unethical practices. that's the deal breaker and until that changes you can bet that no one will support this bailout.
This is a depression and people know it. It's not unnoticed that Congress won't use that word. They would call it anything, but a depression to escape the political consequences, but those consequences are coming to spite the fact that Congress will not call a spade a spade.
I suggest that you take some time off, rather than vote for this bailout. A nice trip to Europe to visit with dignitaries. Anything to avoid committing political suicide. I only tell you this because I support you and beleive in you, but if you vote for this a lot of people are not going to be happy.