If anyone is paying attention they know (1) this 'bailout' money isn't Monopoly money, and (2) it's "borrowed" money (meaning we don't HAVE the money, but WILL have to pay it back).
I know $9.7 trillion dollars is a mind-boggling number. A number not well-suited for viewers of "American Idiot" or "Prancing with the Stars" ...or 52% of the voting electorate. Let me break the numbers down, then try to 'splain it (someone has to, our politicians and media aren't).
Ignoring this morning's headlines that the "bailout" of GM and Chrysler to prevent them from going bankrupt has morphed into a convenient story that GM and Chrysler may be put into bankruptcy to protect the US taxpayer dollars.
- This is also called soliptic logic.
$9.7 trillion:
- 1 trillion in stimuless
- 3 trillion in lending
- 5.7 trillion in agreements to provide financial aid (which will expand soon when noted tax-expert Treasury Secretary Geithner announces his new 'plan')
The FED, Treasury, and FDIC have already LENT or SPENT $3 trillion and pledged to provide up to $5.7 trillion more.
Reading that this was enough money to give every person alive in the world $1,430 dollars did not make my head hurt any less (nor will it yours), so I tried looking at it another way: THIS AMOUNT OF MONEY IS ALMOST ENOUGH TO PAY-OFF EVERY HOME MORTGAGE THAT EXISTS IN AMERICA. Cool! Wonderful! I'd LOVE it if Harry Pelosi, Nancy Reid, and ObaMarx paid-off my mortgage. Really I would!
- Then I realized why they are trying to get all this "done" in such a hurry. What if everyone that had a mortgage realized that these clowns have just put them further into debt by the amount of their mortgage? Not a pretty thought is it?
I'd better scan the news for the Golden Globe Awards or 'whatever' is being passed-off as newsworthy instead and not pay any attention to the greatest THEFT of American wealth by Government in recorded history.
- Uncle Sam is making Bernie Madoff look like a real amateur at the Ponzi game!
Tuesday, 10 February 2009
It's NOT monopoly money...........from Rico
From Theo Spark at 10:22
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