After all of that is added together there's still enough money left over to pay $1635.30 to all 305+ million people in the United States. And still have some money left over. Think about it.
Thursday, November 27, 2008
The Economic Bailout in Perspective
The current economic bailouts cost more than all of the following. Combined.
After all of that is added together there's still enough money left over to pay $1635.30 to all 305+ million people in the United States. And still have some money left over. Think about it.
After all of that is added together there's still enough money left over to pay $1635.30 to all 305+ million people in the United States. And still have some money left over. Think about it.
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are we so delusional that we identify with wall st? are we really so scared of a wall street breakdown? could it have been worse than the solution? how? what could have possibly happened that a few trillion dollars couldn't fix? if it really got bad we could have just moved. how much do you bet canada costs?
ReplyDeleteI could so use sixteen hundred bucks right now.....
ReplyDeleteSeriously, I know I could use some extra cash right now. Who couldn't with the holidays coming up? Nice post John.
ReplyDeleteHopefully the people in Congress are beginning to notice the similarity between the direction the United States is heading and the government in Russia during the “Cold War Era”, because of these “BAIL OUT & STIMULUS PACKAGES”. It appears to be free money for US citizens and any large corporation, no strings attached, no penalties and no oversight. Free money. The only losers are the US taxpayers and small businesses. It appears to me that this is the the slippery slope to the way people lived in Russia.
ReplyDeleteIn Russia there were three classes of citizens: those people controlling the government, the elitists and the alleged working class. The elitists and government people had control of the money and products. They allowed the working class very little; this way the government and the elitists were in control of the very lives of every citizens of the working class.
I know that you do not need a history lesson but I can not for the life of me understand why Congress is pointing fingers at everyone not involved in the operation of the government. There is an old axiom “when you point your at finger someone in an accusatory manner, your hand has three fingers pointing at yourself”. Maybe the US Congress should take a long, hard & honest look at themselves. If this happens I hope that they have the intestinal fortitude to accept the blame as well as when they give themselves accolades for things that go right.
I think this economic problem we have now, would straighten itself out if only the news media and those in Congress (who are trying to cover their large posteriors) did not scream the “SKY IS FALLING” at every chance they get.
It appears to me that this country would be in better shape if the Congress would just go home and have their paychecks sent to them. I know that you don't care why I feel this way and I know that you couldn't care less after I tell you. Here are just some of reasons:
ReplyDelete1. Spending money without any oversight to the projects, i.e. Medicare, Medicaid, Defense contracts, giving monies to alleged poor people not requiring names and facts, giving monies to schools without oversight, mismanagement social security, etc.
2. Medicare and Medicaid are riddled with fraud, incompetent management, overcharges for services and equipment, all the failures would take a day to bring forth and describe.
3. Giving money to relieve alleged pain and suffering to some natural disaster victims and not to others.
4. Oil problem. When the oil fields in the USA were capped I was of the understanding that if it appeared that we, the USA, were having a problem with buying foreign oil the oilfields would be uncapped. Then we could start producing our own oil and not be as dependent on foreign oil. I believe that this took place during the Carter administration in the 1970's.
5. The Congress wants alternative fuels and power sources. But the Congress doesn't to use ethanol because to produce it corn is used. Well it was Congress that mandated that we use ethanol in the first place because it would reduce our need for oil by at least 10%.
6. Now they want alternative power sources. Guess what? They don't like them either. Can't put windmills up in certain locations because influential Congresspersons and people of wealth don't want windmills in places where they can see the windmills from their vast estates or from their yachts. Can't use nuclear power because many people in Congress and many parts of the country are ignorant and fearful of nuclear power. The only thing these people know and see is an Atomic Mushroom Cloud and a giant hole to the middle of the earth.
Guess what, once we no longer use coal, oil, and nuclear power for producing electric power the American people will not have heat, air conditioning, hot and cold running water, or refrigeration, in fact you can kiss the country as we now know it GOODBYE