The Blame Game

Recently, in the news, you've probably seen coverage of the $700 Billion bailout of the American

What do you mean you didn't know?

It's true, technically, the tax cuts of the last eight years have not collected any money to provide services. No, what they've been doing is to eliminate taxes for the wealthiest of earners, and erode the corporate taxes on net profits to the point of collecting a negligible amount of monies in order to operate. The rest of those monies are distributed to community based groups to provide the services that the government would otherwise sponsor.

And as for major spending, that's borrowed money from The Federal Reserve Bank. Owned by a consortium of global banks in no less than twelve other countries. So essentially, the stimulus payments, the money for the Iraq and Afghani war efforts - BORROWED. The $700 Billion - BORROWED.

Now here is where things get really sticky, the markets began to reflect the shift in the dollars' value, based on increased costs, due to inflation, without any increase in revenues to subsidize programs the government borrowed money, but spent it elsewhere.

When more money is in our economic system, the dollar actually loses its value in two ways. First, the greater the number of dollars available, the greater the costs of items will be simply because more money is available, this is known as inflation. While, simultaneously, the increase in available currency means an increase in the debt on interest to the national debt on borrowed (newly printed) money thus eroding its intrinsic value. It's a vicious cycle.

But like a circulatory system with a cut artery money started to spray out of the system, not to return, receiving tax breaks and bolstering profits. Corporations moving out of the country, unchecked spending on foreign interests utilizing our currency (Iraq significantly), and the refusal to hedge that spending or curtail corporate profits on business operating outside of national borders. While starting projects in our own country to strengthen our infrastructure, and enhance the financial position of the individual earner was completely disregarded. Pity...

Lets look back. When George W. said he would bring dignity and honor back to the White House, is this what he meant? That the country would be so close to bankruptcy that even the gas stations in some areas of the nation couldn't keep fuel cause they couldn't afford to pay the price of the supplier?
That a $700 Billion (with a B) bailout of those same corporations which made their investments in the
economies of other nations, were ready to fold right here in the U.S. whose officers escaping severance packages that looked like the gross national product of some small nations.

This is sick. Charity does begin at home, when the headlines read "Record Foreclosures" a few months ago, the same people who said those people don't need help because they got themselves into this mess, they should get themselves out...That's right - that was George W. who made that statement, and so many politicians, and large corporations agreed.

That was until George W. realized that we the tax payers, yes those people are the only ones who can bail his buddies out. Cause you know if Wall Street Fails, Main Street Fails. Damn that's funny.
Cause just a little while ago, the common person didn't mean much - we were on our own. And the corporations could do no wrong. What's also funny is that this is the same note that the Bush Administration, and a Republican congress entered office under.

While the glut of corporate greed, and the failure of the legislative and executive branches to exercise their right to regulate a healthy commerce we the people hold these truths to be self evident, that all voters don't mean as much as Bush's friends, and financial supporters.

But thank God no one is dishonoring the White House...

Yeah right! economic system by the government. Interesting don't you think? That is considering the fact that the government itself has not been collecting any revenue in almost 6 years.