He Who Travels In The Dark Is Bound To Fall Into A Ditch...

I might be one of the few people who have been following the problems occurring in the financial markets, as it is with many things in life, the circumstances of the markets, are intertwined intimately with other aspects of our economic system. On the simplest level, when the cost of diesel fuel goes up, so goes the price of goods as the fuel for the trucks, and ships which carry those goods. The higher the cost of transport, the higher the cost of the goods themselves. Simple, right?

Okay now that the economics lesson is over, if you spend all the money you make, and do not pay any bills in your house you will fall behind in your obligations. Then if you borrow money to pay those obligations you had the money for each month, you will continually fall behind by a factor equivalent to the logarithmic function of...

Okay, forgive me - the debt gets really big real quick.

Because what essentially happens is that your debt is growing exponentially, by spending what you've earned, then borrowing more to pay your existing obligations. There is no savings, or reserve. Essentially this is what has caused our financial markets to melt down like an ice cream cone in a blast furnace.

By our government failing to invest in its economy by assisting with job growth, research and development, construction, and education it has opened the door to financial bankruptcy. How? do you ask, again simple. When the government failed to invest in national growth, partly by collecting revenue through appropriate taxation of its citizens, and business' and closely monitored regulation of business practices within the U.S. while leaving borrowing unchecked by pouring money into a police action (Iraq/Afghanistan) which put money into some of those same corporations it increased inflation here at home, while failing to place that same borrowed money into the national economy - but sent it out of the country.

If any of those American based corporations which established offices in-country overseas, it prevents the U.S. government from being able to collect taxes against those monies. Thus, a company operating on government paid funds, which essentially pays no taxes on the profit. Also, this is why individuals can go overseas and pay no taxes on any thing earned out of this country cause essentially, it is money which is not domestically earned.

WOW!!!

See how simple this is. We're screwed, cause the same people who came up with this scheme of allowing the market to regulate itself caused the ENRON debacle, and the culture of corruption which exists is because the Federal Government relaxed rules on corporate practices such that they could inflate profits by misreporting (lying) about there earnings and obligations.

See how simple that was. We're really screwed. Cause the people who are calling for the bailout are the same people in government, and our corporations whose position was that people whose homes were foreclosed on deserved what they got because they should have been more careful.

But now, we, the taxpayer, is supposed to believe that suddenly the government has gotten a conscience. By bailing us (the foreclosed mortgage customer) out with the corporations who corrupted the market to begin with. This is a bit strange, wouldn't it seem that they should've been more careful also?

No, no, I'm probably thinking too much about what's going on, and should go shopping, or something...

But I don't have any money to do it with...

Oh, and to end this posting, it is possible to save our economy by the president signing an Executive order declaring a moratorium on any foreclosures initiated within the last 2 years. That those whose homes are recently under foreclosure are to be given a minimum of six months to begin to catch up payments while offering tax incentive to mortgage companies who will maintain those mortgages and exhaust all options in policy and even some creative ones to ensure people stay in their homes.

Those whose homes have been foreclosed and sold should receive a debt pardon from the financial institutions, the debts to be purchased by the government (as under the current plan) and a tax credit for two years. Also, they are to be considered eligible for home guarantees on the purchase of a new home, which by the guaraThese same people will be given first opportunity to find employment in public
works projects which will assist those people who've lost their homes in the catastrophes of hurricane Ike in Texas, the Tornadoes in Idaho, and complete the rebuilding of New Orleans.

And finally, the government will draw down its troops in the mid-east, turning to diplomatic relations with all parties, fundamentalist and orthodox in those areas to insure a dialog is open and progressive to the respect of their desire to be left alone, and ours to be at peace.
Then turning those monies thrown to those conflicts into massive public works projects for energy independence here in our own country, even borrowing technology from Brazil, who has been using sugar cane to refine fuel for more than 20 years, a renewable, clean resource.

But hell, what do I know - Roosevelt did it, and brought a country out of the depression.