Saturday, September 20, 2008

WE'RE NOT TO BLAME FOR ECONOMIC CRISIS: Why Make Us Pay?

SPECIAL POST

I've waited 24 hours to digest the news of the bailouts and to hear what the pundits and politicos have to say.

The fact that investors knew the risks when they invested and that they received better rates of return because of the risks, and that the taxpayers are now assuming those risks, means to me that the investors profited without risk and at the expense of the taxpayers.

The fact
that the government is now placing the risk of corporate enterprises on the taxpayer's back means to me that we virtually have a communistic form of government where we share in everything whether we want to or not.

With some great difficulty, I can accept Fannie Mae and Freddie Mac backing by the Fed's. If the government is going to use our money to support, at its own choosing and with no rules for fairness in the game, bailouts of this or that banking, insurance or investment company, then Goddammit they need to bail my ass out, too!

WE NEED TO GET RID OF EVERY DO-NOTHING, TAKE-EVERYTHING WASHINGTON POLITICIAN AND BUREAUCRAT AND WE NEED TO DO IT IN NOVEMBER. VOTE CONGRESS ALL OF THE WAY OUT... FIRE THE TOP AGENCY BOSSES.

This mess is pure, unadulterated donkey and elephant crap.


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