MyFox
 

JosephThePoet's Blog

by JosephThePoet from Barrie, Ontario Canada

Last Post 1 day, 2 hours Ago


Does everyone feel safer now that the greedy banks and financial companies got their massive bailout? Now will you just go back to your life having forgotten this event and without even bothering to try to understand what all this actually means to your future?

Just smile and be happy everyone. Come on don’t worry, spend your money. It’s just a taxpayer supported correction of our free market system to protect a lot of greedy people and companies from having to accept the consequences of their actions because we’ll all suffer otherwise. Don’t worry because we politicians will fix it so this specific action won’t be able to be used to create this threat exactly the same way again. And the next time they find a way to do it we’ll give them more money again to protect you, if the country still exists.

We are told this bailout is necessary to protect everyone’s pensions and to prevent a worldwide financial collapse. Were we not also told that the best thing to always do is to allow the markets to find their own direction and to correct themselves? Isn’t the philosophy of everyone just doing what they want and grabbing what they can, and the consumers should just beware and protect their own butts not working? But it’s all about individual freedom isn’t it? If the greediest get their $Millions or $Billions while they threaten the democratic countries economies it’s their individual right to free choice isn’t it? After all it’s not up to our leaders to lead and protect our country by constructing responsible frameworks for companies to operate within but instead it’s the job of companies whose sole interest is to make a quick buck to decide the direction our countries will take, right?

Our leaders also decided to allow all our manufacturing companies the opportunity to cater to greed by helping tear down our country’s economy while building up the strength of China. People who don’t have jobs can’t pay mortgages, buy homes, or purchase much of anything else to contribute to the continuation of a country’s economic stability. And because of the lack of foresight or leadership from our politicians, China has gotten easier access to our technologies and is increasingly more able to purchase our country’s assets while also holding the ability to promote the crippling and bankruptcy of the US at the moment of their choice by dumping large amounts of American dollars onto international markets to cause massive US inflation. Add in the fact that so many other countries that support terrorism and other policies that threaten our countries also have leverage against our countries because of this same lack of foresight from our leaders to promote local energy production so as to prevent our country from having to rely on foreign countries for our energy needs regardless of the consequences. So why did our politicians choose to protect the financial markets when they have proven that they don’t care about the average citizen or the many economic threats to the country? Is it because they are finally starting to understand that their fiscal mismanagement and foolish unfettered capitalistic practices have allowed the country to come to the brink of total financial collapse, or are they just trying to protect their and their very wealthy friend’s assets?

Our system of catering to individual and corporate greed ensures that an eventual massive financial collapse will occur, and the fact that our leaders are incapable of and unwilling to responsibly lead our people to protect the security of us all means the collapse will be extremely severe when it does occur. This bailout may delay the collapse of the US economy but it will also add to the ease with which the country will eventually be forced into bankruptcy and massive inflation which will allow for the assets of the whole country to be more easily taken from us. The people will be slaves to their masters then and their pensions will be worthless, but the very wealthy will be able to flee the country and only we peons will be left to suffer the results of promoting the right to the freedom to pursue individual greed even to the cost of the whole country. Everyone get up now and yell Freedom! Freedom! Now bow down and worship our democratic system that is so willing to destroy the lives of the many to cater to the rights of the vile and greedy few to do anything they please regardless of the eventual consequences to the country and the majority of us who make up the country.

Christians have been told to be watchful for the time of the return of Jesus and we were told of signs to look for. Can you read the signs yet of increased weather and environmental upheavals, increased disease threats, food shortages and high prices, worldwide unrest and rioting, wars and rumors of wars, the promoting of everything vile and immoral, and the increased disbelief of and blaspheming of God? Is the time when we will be brought to our knees to shake us awake from our arrogance and to pay the price for our turning away from following God’s laws and principles in every aspect of our lives soon to occur?

28 Comments |  Add a Comment

Member Comments Total Comments: 28
Page 1 of 2
1
Last
dannbetty read my blog view my photos
Sep 22, 2008 | 9:23 AM

I just love it when you talk Revelation.

JosephThePoet read my blog
Sep 22, 2008 | 12:08 PM

dannbetty,

I looked at some of your blogs so I'll take your comment at face value and believe the soul you choose to promote is pro-God.

May God bless you and guide you well.

singleguytoo read my blog view my photos
Sep 22, 2008 | 12:26 PM

"While Nero is fiddling, Rome is burning". Sound famiiar? While these depots in Washington and Wall Street bleed the working folk dry, The US is laying the groundwork for worse things to come...and come they will. Perhaps it is time for a 'real' change...read the Constitution. And I believe there are persons running this fall who support It.

rhrealestate read my blog
Sep 22, 2008 | 12:31 PM

The AIG bailout is 70% forgein money...

SikUvTheRite read my blog
Sep 22, 2008 | 1:42 PM

I'm not sure God has anything to do with it, but I AM sure our country is spiralling downward, no matter one's political ideology.

We may all disagree on the reasons, but we all seem ti agree the end is near, for some reason....

I, for one, don't think a system that systematically lies to the people and does things that are obviously against their better interests has much chance of surviving very long. About 50% of folks in this country may still believe Republicans truly represent them, for example, but we all know the Pubs only represent the richest of the almighty most powerful among the wealthiest of the privileged. People like the Bush family. It should be obvious, but many still don't see it.

Now, we live in a time when conservative's most vocal complaint is welfare and taxpayer handouts to those too "lazy" to work, yet we now have the most expensive welfare system in the world covering the profits of the richest of the rich. We now have reverse communism - from everybody equally, to those with vast aquired wealth.

No matter what folks argue about here, one thing should be perfectly clear: We are no longer a "free market". Of course, we haven't really been for years (since Reagan transferred welfare for the poor to welfare for the rich i.e. the Savings and Loan Bailout), but it's more blatant now.

Yeah, we're told this is to protect our "pensions" but whose pensions they talkin' about? Not mine. I don't gamble with my investment money. So some do. They say it can result in bigger gains. Yeah, but it an also result in LOSING ALL YOUR MONEY.

SikUvTheRite read my blog
Sep 22, 2008 | 1:43 PM

...That's made clear in most IRA and 401K materials. So I don't buy this argument, either. If you were greedy enough to want the extra POTENTIAL (NOT sure) income from stocks, then you lose when they fail. It's part of the Deal. If you don't like that, then say "No Deal" to putting pension (or Social Security, for that matter) money into investments.

All this bailout does is further get the taxpayer involved in GUARANTEEING a profit from investments by removing risk. That's not how it works. If we're going to do this, then let's go all the way and become communist like China - but the rich here don't like that, because then the government protects EVERYBODY. They like it the way it is, where big government only protects the insanely and incomprehensibly wealthy.

When the mortgage crisis hit average folks, many lost their homes. What would the rich tycoons of Wall Street lose if we let these firms go under? A few of their summer mansions in the Mediteranean? What, they'd only be worth 5 million instead of 10 million? Too bad. Let them "suffer", if that's what suffering is to them.

Otherwise, we are all going to suffer together - something. Only time will tell....

kathymc read my blog view my photos
Sep 22, 2008 | 3:49 PM

All I can say is there better be accounting by all with wherever this money is going and how it's going to be spent. The astronomical dollar amount to us peons on this bailout is unfathomable. Let's be sure there is some accountability and not just the CEO's of these large financial institutions "borrowing" against them for their own personal use. Who's going to be in charge of all of theses institutions "paying back" the monies borrowed? This remains to be seen. I sure hope this so-called plan works.

littlebow2000 read my blog view my photos
Sep 23, 2008 | 12:27 AM

Folks, it is not the end of the world. It is just people being people.

The Stock Market is gambling.. for better or worse, it is what it is.

The author of this blog brought up some good points that I agree with. But, to infer the end of the world, No...

We Americans can and have in the past had hard times due to others being greedy in our society. This by no means is something new.

Markets go up and down, that is a fact. Just like a roller coaster. We are now on a down hill ride. So, scream, yell, be scared, but be real.

See it for what it is, an opportunity to renew our commitments in making things better in our nation. Bring us together, making us work toward improving our nation, development of new and better ideas, that will put people back to work.

Accept that we Americans caused this mess through bad judgment, being self centered greed fools, and ignoring the truth.

Yes, we're stuck with a huge bill. Yes, we're going into hard times. Yes, you can blame Republicans and Democrats for this mess. But, also take a good look at yourselves. Because you voted them in and you also we're the ones who did nothing to stop the lying by the Stock Market brokers, corporations, and accounting companies.

Fault is every where for this mess.

I do not care.. let's pull together and clean it up...!

dannbetty read my blog view my photos
Sep 23, 2008 | 10:11 AM

I'd still rather be here than anywhere else in the world.
They say the surest way to get hurt in a roller coaster ride is to jump off.

kathymc read my blog view my photos
Sep 23, 2008 | 1:12 PM

littlebow2000, I don't know what you mean that WE did nothing to stop the lying by stockmarket brokers, corporation and accounting companies. How do you think we even knew they (or anybody) was lying? I'm totally confused by your comment because it doesn't make any sense to me at all.

kdubken read my blog view my photos
Sep 23, 2008 | 3:36 PM

Why is there no scandal? This is 100 times Enron and there is no investigation of wrong doing. Nobody at Fanny Mae or Freddy Mac is going to jail. Same reason Bill Clinton didn't go to jail. Democrats protect their crooks when the get caught. Republicans throw theirs to the wolves as soon as they are accused. Tom Delay beat all the phony charges against him but he is out of congress. He had only the appearance of wrong doing.

kdubken read my blog view my photos
Sep 23, 2008 | 3:38 PM

Ken Lay had to die to keep out of jail.

kdubken read my blog view my photos
Sep 23, 2008 | 3:39 PM

The Freddy Mac crooks are on Obama's staff.

Nailer read my blog view my photos
Sep 23, 2008 | 10:43 PM

This bail out is being PUSHED thru congress. "You only have a couple of days !!"

Sound familiar? This is how we wound up in Iraq also. Don't be blinded by the facts. Just act on what we tell you.

Act fast then say later " we should have...."

Nailer read my blog view my photos
Sep 23, 2008 | 11:20 PM

Everyone is complaining about the 700 billion bail out but no one ever says anything about the 460 billion in interest we are paying on the national debt this administration has created. Is this interest paid each year? NO It rolls over to increase the debt so we can pay interest on that too. This is why the dollar is devalued in the world. Forgien
companies can buy US businesses on sale !! 30% off because of the weak dollar. Good thing is, at this pace the dollar will be so devalued, US labor will be cheaper than China and jobs will return.

kdubken read my blog view my photos
Sep 24, 2008 | 12:23 PM

Nailer --- What is your solution? Should we track down all the democrats who stole the profits of Fanny mae mac and make them pay it back? Maybe we could look up all the people who bought houses and failed to pay their house payments. We could attach their wages and make them pay up.
No, what we will do is tax the investors who lost billions of dollars on the deal. Guess what? Investors will not have to pay because they lost their money and it will be a deduction not income.

kdubken read my blog view my photos
Sep 24, 2008 | 12:50 PM

This is not a bail out of filthy rich investors. This is a bail out of a Democrat sponsored socialist boondoggle that threatens the financial stability of this country.

kdubken read my blog view my photos
Sep 24, 2008 | 12:52 PM

The loosers in this deal are the people who pay 97% of the taxes.

kdubken read my blog view my photos
Sep 24, 2008 | 1:03 PM

All you people who have adjustable rate mortgages had better lock into the best fixed rate you can get. Ihe price of money is going up.

jsage read my blog
Sep 24, 2008 | 2:30 PM

It is too bad that you didn't invest your money in stocks because if you had you would more of it today.

Page 1 of 2
1
Last


Write your comment below:




JosephThePoet

I have diplomas in electronics and computer programming, and an employment background that includes security, supervisory, and laser communications components manufacture and trouble shooting. I am receiving a small provincial disability support and am trying to earn a living as a poet. My first poetry book "Life is a Puzzle" by JosephThePoet can be found at: http://www.barnesandnoble
.com/ http://www.publishamerica
.com/ http://www.amazon.com/ Anyone wishing to copy and share my posted poems with others may do so if they include the following, provided they do not try to make any money from them: Author JosephThePoet of Life is a Puzzle by PublishAmerica. Anyone wishing to share my posts and my comments may also do so provided they indicate they are mine and don’t try to make money from the practice. If you share a debate I make in a comment area please follow the same rules and also eliminate any person’s moniker I may have referenced if I used part of their comment in my argument.

Member Since: 1/17/2008