| ||this is a text-only message about the bailout|
Today Goldman raised $10 billion. The CEO got $67 million dollars in pay last year. The secretary of the US Treasury was the CEO in 2006 of Goldman, and he has about half a billion dollars.
And he's asking Congress to raise the federal debt ceiling to almost 12 trillion dollars. That's nearly 40 grand for every man/woman/child in the U.S. and it HAS to be paid off. If we don't pay it off, foreign investors sure as shit aren't going to buy our debt. It's like we're making the minimum payments on credit cards.
Do you get this? The Treasury secretary is trying to put YOU more in hock, while his company raises billions of dollars in securing itself for the financial collapse coming. You'll be left with the bill, and they run off with YOUR money. Just in time for Paulson to leave office.
The FBI is investigating the whole thing.
Some people got mad when I said this thing will work itself out in 45 to 90 years. That's not some number pulled out of my hat. Just ask yourself, if the average person had to pay off all debt (be debt free) that includes houses, cars, appliances, etc. How long would it take? Well for the U.S. with a negative savings rate, that would be a few billion years, but say that people really tried to pay things off. 45 years at least. Now add 20% joblessness like Finland when they did the exact same bailout plan that the USG is doing or trying to hoodwink Congress into passing. About 90 years.
I love how Bush and McCain said, "the economy is sound" about a week and a half ago, and now this massive bailout plan is needed right away because (as bush said, "it's a big problem). They're asking congress not to stop and think - hmmm - it's like give me a blowjob quick - you won't get sick if you swallow it and don't think about it. When someone says do it right away - and not to think - that is the time to think.
McCain or Obama, with a country divided, there will be no leadership. You cannot lead if you don't have the people behind you. With half fighting you all day long, nothing will get done.
"United we stand, divided we fall".
| ||Posted 9/24/2008 7:26 AM - 3002 Views - 28 eProps - 36 comments|
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