Clowns to the left, Jokers to the right…

 

What are you guys doing?

What are you guys doing?

I will try and be brief today; however, I do have the expressed intent of planting some seeds for thought about the American Way and just what the blazes is going on in this, the American Age?

Bank of America, Wachovia, Washington Mutual, Merrill Lynch, Bear Stearns, Lehman Bros, and just about every other bank or investment banking company are receiving billions of taxpayer dollars just to keep their doors open.

Hey you! How’s that mortgage doing? Freddie Mac and Fanny Mae are operated and literally run by the U.S. government; yet, they are doling out billions more of taxpayers dollars to bail these irresponsible lenders out.
Two things for today: (1) One would have thought that after the Enron disaster someone might have had a more watchful eye.

Every person in America who has ‘trusted’ the U.S. government with oversight and alleged regulation regarding there own retirement savings has been screwed. So I ask you this question:

What’s the use in working hard at the expense of receiving a paycheck with at least 5 different acronyms that all stand for additional taxes being taken away from you and going to defunct other U.S. government agencies such as Social Security?

So what happens next? Individual Retirement Accounts (IRA’s), 401K’s and the responsibility for us to manage and maintain our retirement dollars. Yay! Seriously, what a concept! So why are we still paying Social Security taxes?

Here’s the absolute travesty: The institutions that we have invested our hard earned money with–banks, regular savings accounts, mutual funds, and so forth have taken it upon themselves to either steal our money or go so far out “investing” it, that they’ve lost it or a great portion of it.

Here: A former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, accused of running a phony investment business that prosecutors claim was in excess of 50 billion dollars.

Bernard L. Madoff was released on $10 million bail. He declined to comment as he walked out of court. Who’s got $10 million bucks for bail? They said he told employees Wednesday that it had been insolvent for years, losing at least $50 billion. Ladies and gentlemen this is not chump change! (See here for story.)

And (2) Is it possible for an industry to ignore or conveniently overlook innovations or improvements to its product to manipulate an entire economic sector? In a one word answer, ‘Yes!’

Look at the automobile industry for a moment. Autos have been around for what, around 100 years? Okay….and the means of propulsion is the same?  The only difference in the propulsion proponent for autos is that it has been processed more to emit less pollutants into the atmosphere.

Keeping this article short, think about the last 100 years and what new implements, innovations, inventions, and improvements have happened around the world. Heck, it was just about 40 years ago we landed on the moon with something resembling an Apple II computer!

I simply will not buy into the notion that some rogue Middle Eastern nation is holding the USA hostage and dependent on foreign oil. Think about this slight little detail: Look at what inventions have occurred in medicine over the last 20 years and make the comparison.

One last issue…what on earth is Congress doing going into recess for the Christmas holidays? People wake up and smell the sh*t these people are shoveling. Would your boss let you leave if you did such a dismal job, better still, if you hadn’t finished your 5-7 trillion dollar dole job?

Think about it.

 

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