How People are Getting Hurt by the Bailout

The great bailout hype has been shoring up failing banks and institutions, and thereby the stock market; hoping that throwing money at this awful condition will stave off the storm. All we have heard, aside from the numerous complaints and "business as usual" remarks, is the tumbling snowball just gets bigger; like their announced layoff of 53,000 at CIti. Great!...Just Great! Now what?

I think there's more looming on the horizon, because a very unique circumstance has cleverly been left out of this whole thiing. I bet you can't guess what it is. I'll give you a hint.

The lenders get into a heap of trouble, and the poor investors are snookered by this - although foreseen - terrible financial woe. So what happens? The Treasury gives the lenders multi billions of dollars. Now this money is supposed to shore up their losses, right? That's where they have us, and why we'll need the petroleum jelly - they are not revealing the shafting, at least not in my estimation.

Consider: you issue me a hundred bucks of credit. Something goes wrong and I can't pay you back. So Uncle Stupid (Sam) says he'll cover my debt so you won't go broke. Uncle Stupid also says, 'Don't worry, we'll carry this hundred bucks long enough so your kids or grandkids can pay us back for you.' So the deal is done.

Now do you see the glitch? Our credit debt has been paid off by the government; yet we are still asked to pay back the debt to the creditor and to the government. Does that sound like a fair deal? What that really amounts to is pretty shady; in other words, a deal you can't refuse because you are getting paid twice. That's a better deal than even a Mafia boss would dream up; so, why join the Mafia when you can join the government, or be a banker. There's something really messed up about this hiding in the shady areas.

The folks at the FED think all is okay out here in the West; the banks are willing to keep issuing credit like water; and all of this conduct - the very same conduct that got us into this mess in the first place - comes under the title of "Don't worry folks, we're going to get you out of this mess." Am I beginning to hear an echo from the bottom of this hole that keeps getting deeper, or what!

You know, when something is wrong, it smells wrong from the start; it has that nasty feeling that makes you believe it is wrong and no one can say anything good about it. Pretty much everyone is saying the same thing, don't do it. And yet, the fellows at Washington D.C. and the FED just keep working their way to get the bucks to the bankers and institutions. But I am beginning tho think that there's too many diggers at the bottom of the hole; they have got theirs already, so what's the worry when someone else is going to take the fall; that's you and me, the working class, the people get the shaft once again.

But I am willing to stand by and watch; what else can I do? This situation started long ago, and as long as things could be held up, it has continued - you know, the bigger they are, the harder they fall. It's like this; governments, emperors, kings and queens, all come and go, but the people always remain. And I guess we will also remain this time. So, I sit back and watch though what I am watching is hard to believe - hard to believe that the people's lonely island has become so far away that our representatives have nearly forgotten it exists any more (except at election time).

They say change is coming; but to me it seems like a different dose of the same. You know, the only way that change can be made is to put the poeple's Rights first; but that takes the heart of an uncorruptable individual. Are there any of those left?