Write them and write them often… ALL of them ALL of the time!!!

It won’t do one damn bit of good more than likely which is why after we go through this exercise of futility you will agree with me to”

VOTE EACH AND EVERY INCUMBANT OUT OF OFFICE IN 2008!!!

senator@shelby.senate.gov;senator@sessions.senate.gov;senator@biden.senate.gov; senator@akaka.senate.gov;senator_lugar@lugar.senate.gov; olympia@snowe.senate.gov;senator@kennedy.senate.gov; senator@stabenow.senate.gov;senator@levin.senate.gov; senator@klobuchar.senate.gov;kit_bond@bond.senate.gov; mccaskilltransition@mccaskill.senate.gov;senator@bennelson.senate.gov; senator@ensign.senate.gov;mailbox@sununu.senate.gov; senator_bingaman@bingaman.senate.gov;senator@dorgan.senate.gov; arlen_specter@specter.senate.gov;tim@johnson.senate.gov;senator@hutchison.senate.gov; senator_leahy@leahy.senate.gov;senator@warner.senate.gov; senator_murray@murray.senate.gov;senator_byrd@byrd.senate.gov; senator@rockefeller.senate.gov;senator_kohl@kohl.senate.gov;

Now don’t get me wrong that we will see rampant crime as a result of this “Bail Out” and poverty will escalate to levels most Americans will not be comfortable with. Kids begging on a street is what you see in poor countries. Well we will be seing that here in every major city once inflation blows the dollar right out of the water.

It is funny that these morons think that by taking from the poor and giving to the rich it will make everything OK again. Without the poor we have nobody to make the rich wealthy. Stupid egotistical shills that they are will wind up being roomies of those they loath when this is over.

Even if it worked, which it won’t which should be obvious, what good is having banks that can lend when nobody can afford to borrow? HELLO? Are they that stupid. We are saving the eggs, but killing the goose. What good is a nice warm nest if no eggs are laid to hatch in it. This makes absolutely zero sense…

At any rate it is obvious that the public will not partake in any attempt to save their own country and there are not enough of us bloggers and blogger paticipants to make a dent. They win once again, but this time we may all lose as a result of their final compentence, and that means them included… idiots!

VOTE EACH AND EVERY SINGLE INCUMBANT OUT OF OFFICE IN 2008!!!

I’d like to see them raise taxes to pay for this fiasco. This country would have a revolution on it’s hands with in days.

So, now the government will come in buy this stuff for 75 cents on the dollar, to minimize the hit to the banks, and then resell it to the market at at market rates – 25 cents on the dollar. Guess who picks up the tab on the difference?

Paulson’s argument for bailing out foreign banks is “… if a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution,” as he stated on ABC TV.

If the “impact” he is referring to is the people who work for these foreign banks losing their jobs because their foreign-based employer shuts down or downsizes because of their toxic debt load, then I’d say “bad idea” Hank. If these folks lose their jobs, they can file for unemployment like anyone else who’s lost a job due to the economic meltdown. Even better – if they lose their jobs, then as part of this bailout give them 1 year of income with no strings attached. Even with this ridiculous offer (which I’m only half serious about) I’d venture to say that cost would be substantially lower than the cost of buying the billions of dollars of toxic waste from foreign banks. So, with all due respect, Hank, your argument to save foreign banks doesn’t sway me.

Now, if the “impact” to which he is referring is Americans losing their homes because we don’t bail out the foreign-based banks that own their loans, I don’t buy that argument either, unless Hank’s bill stops all foreclosures for everyone going forward, and I don’t think it does.

So, what this amounts to is a bailout of banks, both U.S. and foreign. Could it be that that part of the driving factor in the decision to bail out foreign banks is the foreign holders of our debt putting the “wood” to Hank & Co, essentially telling him “look, you either bail out our banks and govts. or we will stop buying your Treasury and other Debt,” which is essentially the only thing keeping our govt. and economy going?

Hey, but this is all my opinion. How say the rest of you?

Is the United States really headed for a near-term bankruptcy? No doubt about it.

David Walker, Comptroller General of the United States and head of the GAO says the U.S. is doomed by 2040. He said this last year before any talk of trillion dollar bailouts. No doubt today’s problems will accelerate the timetable by several years.

The following short videos from February 2007 are official releases from the GAO. Mr. Walker explains in simple terms the enormity of the countries rapidly growing financial problems.

Part 1 (5:44)

Part 2 (5:55)

David Walker on 60 Minutes

David Walker on Glenn Beck (great vid)‘

In related news
Mayor of Vallejo discusses his cities bankruptcy on CNBC

1. How do we stop them from colluding to drive up the price they get for their assets?
2. Does everyone get to participate?
3. Who will oversee this? Halliburton?