Government Bail out

Now just hold on a minute…

Now that I’ve had a few weeks to digest all the crap that had gone on in the financial markets, Washington and the Banking sector, a thought occurred to me. Ok, as you can tell, I am really mad. But I just thought about the massive amount of money our esteemed leaders are throwing around to “save” Wall Street, the Economy, Jobs, etc. and I realized they are definitely pulling a reverse Robin Hood on the US Taxpayer (that’s you).

Think about it; personal (consumer) consumption makes up 70% of our GDP (Gross Domestic Product). Now our Treasury and Congress have put together this $700,000,000,000 (yes that is how many zero’s are actually represented to write out
$700 billion) TARP (Troubled Asset Relief Program) that bails out, well basically, greedy corporate and political criminals .

By the way, you should remember at this point that

and has nothing to do with saving your 401k, your job or your ass. It has everything to do with a massive move to “disenfranchise”, financially, the moderate and upper middle class backbone that made this country great.

Since I am a “numbers guy” let’s look at what could have been done with the $700,000,000,000.00:

If the TARP money was distributed to every US citizen in 2009, every man, woman and child in the US of A would receive about $2,290,0003. That’s right, everyone gets a couple million bucks (“Whether you like it or not!”). Who cares about your job! If we divided it among all US taxpaying household units, then every household would get a whopping $6,161,9703. That might save a home or two and would probably prop up the real estate market. Let the banks, the US auto industry and the brokerages fail. We can all drive Hondas and Toyotas. The displaced union workers won’t care if they lost their jobs, because they will also be sitting on an obscene wad of dough.

Shoot, the liberals can’t even complain, it is a completely “fair” plan because everyone will be wealthy. Isn’t that what our new administration was “mandated” to do anyway? I know, all you thinkers are saying, yeah, but what about inflation? If you think we’re not going to get inflation anyway, you are, as they say in France, nuts!

But, we can’t forget that this is, or used to be, a country of personal choice and responsibility. Some people will have their millions spent on crack, smack, plastic surgery and other less financially rewarding ventures. Others will invest in commodities, companies or real estate, you know, things that make money the old fashioned way…by actually earning money for providing or producing something.

So in 10 years when 30-50% of the previously wealthy are broke and out of work I got something to say to the politician that wants to borrow more money to bail them out; “Honey, where are the guns?”

Contributed by,
Steve Gibbs
hbwaterman@yahoo.com