JosephThePoet's Blog

We are told they must act now and very quickly or we’ll all suffer.  They want to take another $Trillion from the people who make up the country and this is how are they are going to spend it.  They are going to bail out those who have the most money to protect their wealth position above everyone else.  Now all US citizens pay attention and keep repeating this mantra, “they are doing it to protect us and the whole world from the collapse of our economic system that has such strong fundamentals of structure”.

Earlier this year the politicians said they must act quickly then scattered $160 Billion around on an “Economic Stimulus” package.  Now they are saying we must act quickly and want to scatter around another $Trillion on an “Economic Protection” plan.  Will the next “economic” plan be called the “Whoops, I Don’t Get It”, or maybe the “I’m out of Here and You’re Toast” plan?

They are going to bail out banks.  Are not individual accounts of we the people protected by FDIC up to $100,000.00?  Have we not also been told FDIC has the financial recourses to cover the failure of many banks?  Let the banks fail then, give the people some of their money through the FDIC funds, then buy the bank’s business under bankruptcy bargain basement terms if you wish to use some of the people’s money to keep banks solvent and the money fluid in our communities.  This time fire the big shots that have proven to be incompetent and yet have demanded massive salaries and golden parachutes if their position at the company ever ends, even if their own actions were the cause of the whole company’s failure.  Do you work for your boss under the knowledge that even if you threaten the jobs of all the people working at the company, or fully destroy the company, you will still be given enough money to support a life of ease and comfort for your entire lifetime as you go along your merry way?  No, most of us have to prove competent or we’ll be justly fired and told to take a hike (and sometimes not so politely).

Of course if there are no rules in an economic structure to reign in the vile and greedy then even doing things that actually result in the beneficial movement of our economy will not prevent an eventual economic collapse.  Can anyone realize what the boom to our economy could have been like if the first $160 Billion dollars had instead been spent in a manner to boost the employment level of the people of the country while at the same time making the US energy independent, protecting our infrastructures, and protecting our inheritance of technical superiority to better ensure our opportunity as a country to survive now and flourish into the future?  PEOPLE NEED TO HAVE AN INCOME TO BUY HOMES AND OTHER GOODS, DUH!!!  Does it not make sense to protect the people that are the economic engine of the country to protect a country instead of trying to temporarily ensure some currently wealth blessed people’s comfort level?

What will the politicians do?  Will they protect the future of all the country’s people or try to prop up the perceived safety of some people who currently enjoy extra living comforts and a belief of comfort for their future?  If we fail as a country then the currently comfortable and extra comfortable living among us will fall a lot further, faster, and harder.  Yes I agree with them that time is running out to act, but how they choose to act concerning this will determine the degree of the near-term suffering and the future ability of the country to chart its own course in the world.