Archive for the ‘bailout bill’ Category
It becomes apparent rather quickly that the bailout was extortion and a con job by the banks with the politicians as willing marks and the citizens as unwilling ones. The market dumped and lost 40% in a child like temper-tantrum, not satisfied with getting the bailout passed, they weren’t happy until Bush got the checkbook out. Now we see the NYSE market soar over 900 points in a day, and other markets follow suit. It’s all smoke and mirrors. These mountebanks that run wall street and the banks have conned us out of our money. If things were so dire, I do not think the market would be so volatile. What we are seeing is a manipulation based on fear and the desire of these charlatans to get what they want. At some point someone has to be the adult and administer discipline. Unfortunately, with Obama, we will have a co-dependent president check writer that will promulgate this sort of behavior for years to come. Get ready for the government teat.
When you get right down to it, we’ve been had. The real reason behind Monday’s defeat of the bailout bill was to send a signal to the senate to load up the bill with bribes so as to give members of the house pork they could bring home to contributing constituents, spread the political negatives around and give the leadership cover. We’ve been played in the standard white hat/black hat game so the banks get taken care of as do the politicians. No more. There is enough of the blame to go around and pointing a finger on which party is responsible won’t solve anything. So now we were played and there seems to be a mass conversion to yes votes for tomorrow’s house vote on the bill.