|
Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} As I write this article Timothy Geithner has announced that the Treasury will begin TARP 2 at the cost of 2 trillion dollars. At the same time the Senate has passed the 800+ billion dollar porkulas bill. As the Senate Banking Committee questioned Mr. Geithner as to where this money will come from, or to show historically how these measures will do any good. The press with the exception of Fox News, Fox Business Channel, and conservative talk radio has not asked one intelligent question. Not one hard question has the media asked any member of this new government. As the announcements were being made the stock market crashed and fell 381.99 points on this news. The American stock market is based upon Capitalism and as a result shrinks back on the announcements of our country becoming a socialist country. It seems ridicules that we should through out our entire and very profitable capitalistic system because of a moderately severe recession. How is it that capitalism failed? It didn’t, what still needs to happen is the banks and other financial institutions need to fail. When that happens other banks and investors will step in, dust themselves off and get on with life. Lessons learned and instead of the economy falling into a depression it would have been a short lived recession. But now it seems that our fates are sealed, and the next Great Depression is right around the corner. How bad is it you ask? According to Jim Meyers the total cost of stimulating the economy is 9.7 trillion dollars. The federal stimulus package would raise the government’s commitment to solving the economic crisis to an astronomical $9.7 trillion — enough to pay off more than 90 percent of the nation’s home mortgages. The commitment is composed of about $1 billion in stimulus packages, about $3 trillion in lending and spending, and $5.7 trillion in agreements to provide aid, the New York Post reported. The House has approved an $819 billion stimulus plan, which needs to be reconciled with the Senate’s package of at least $780 billion. The total value of home mortgages in the United States is calculated at $10.5 trillion by the Federal Reserve. Sen. Byron Dorgan, a North Dakota Democrat, said on the Senate floor last week: “We’ve seen money go out the back door of this government unlike any time in the history of our country.” Sen. Byron Dorgan is absolutely right. The riches of America are being squandered away at the fastest rate ever seen. If something is not done soon the Democrats will plunge our country into a depression that would make the depression of the 1930’s look like a mild recession. What needs to be done now is to recall every member of Congress, Senate, and even Mr. Obama himself. We need to vote out both parties on the Federal, State, and Local levels. They must be punished and a new government with good people at the helm must step up and right all the many wrongs BOTH parties have made. Perhaps when these political parties have been taken out of power they could come back with new people and abandon all the nonsense that will ultimately lead to their demise of power. Will you step up and serve our country? Maybe you could be our next President? I think we could find much better people in service clubs, churches, and synagogues. We must abandon all the fighting and debates of Liberal vs. Conservative, Democrat vs. Republicans, and all the other partisan nonsense. All these arguments are only meant to inflame people and polarize them against each other. We must come together as a nation. We must come together as one people united and not take part is all this partisan bickering and nonsense. Will you answer the call of the 2nd American Revolution? I hope so.
|