Tuesday, September 23, 2008

$700 billion can buy a lot of apple pies

$700 billion can buy a lot of apple pies. In fact, it could buy over 2,000 McDonald’s apple pies for each and every American today. Thanks CNN, glad we got some perspective on it.

All I can think of is that I’m mad as hell and I’m not going to take it anymore. Our government has fucked up again, pure and simple. I don’t even know where to start. Maybe with a question of how adding a $700 billion government bailout for the private sector is sound free market economics, but ensuring every American citizen can get health care is somehow socialistic. We can’t have it both ways Republicans. Or perhaps that we are providing $700 billion in tax money to the private sector as a loan for people who’ve already shown us they can’t run a damn business or pay the obligations they have. An apropos equivalent would be taking a family that can’t afford their mortgage payments and go ahead and give them more money/ loans to pay off that mortgage, thinking somehow a new loan means new responsibility or ability to pay. If I went to a bank and said I just lost my business because I made bad investment after bad investment and then asked for a loan because, hey, this time I got a good feeling, they’d toss me out on my butt. How is it that seemingly smart, rational people get elected and the minute they cross the Washington, D.C. city limits they turn into morons? (Now I’m looking at both of you Republicans and Democrats.) Could it be special interests or protecting their fat-cat friends and donors? Well, that’s another blog entry for another time.

Perhaps my favorite in this whole mess is Treasury Secretary Henry Paulson’s quote about the terms under which he’d accept the bailout. “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” WTF?!?!?!?

Seriously? Here’s a $700 billion blank check to a guy who 6 months earlier (March 16, 2008) said “our institutions, our banks and investment banks are strong.” He gave a full endorsement that our economy is strong and sound. So are we to believe that in 6 months the entire industry went from great to flat on their face? Not even a crack head with a gambling problem could do that. He’s shown he is either incompetent or dishonest. Either way, Mr. Paulson has shown he doesn’t deserve our trust nor our confidence as Treasury Secretary, be it because he’s incapable or because he’s a liar.

So to sum it up, we’re giving a government bailout loan to institutions that clamor for more free market economics and less government intervention, who have already shown they can’t run a business and we’re going to do it via a person’s oversight who didn’t even see the writing on the wall that the failure was coming, and he won’t have any oversight or have to answer to anyone in how he allocates the $700 billion. It’s like sending a sex addict through a whore house unattended with a fist full of hundred dollar bills that belong to us to pay the mortgage. We’re sending someone we don’t trust, with no oversight or accountability through a maze he’s already shown he can’t handle to do something vitally important.

If you’re not mad then you’re not paying attention folks. Or, perhaps George Bernard Shaw was right when he said, "Democracy is a device that ensures we shall be governed no better than we deserve." I think we deserve better. Perhaps I should run for political office. Nah… people wouldn’t vote for me; I make too much sense and that’s clearly not what they want. They prefer polished BS over the cold, hard truth. Besides, given our current polarization there’s no way anyone who is moderate could make it out of a primary race on either side of the isle. What do you think? Seriously, I’d like to see some comments here. America is in trouble and it’s up to every one of us to make a stand and make a difference.


Anonymous said...

I agree JR.

Both parties are responsible for the mess they've gotten us into. Sadly most Americans will put their heads in the sand because they don't really believe they can do anything about it. At the national level that may be true. Perhaps we should all start in our town and states and demand change from there. I'm sure Texas could do with a new governor and especially a new Constitution

Ken said...

Plainly and powerfully put, MJL. We need to get your blog on Lou Dobbs.