Tuesday, September 23, 2008

We're In A Lot Of Trouble

The more I listen, and learn about the current state of the U.S. economy the more convinced I am that the people running the show haven't a clue how to save us.

There's no certainty that a trillion dollar bail out of the financial industry will keep hundreds of banks, insurance companies, brokerage firms, and mortgage companies from crashing into insolvency.

Nor is there any convincing evidence that a bail out will restart a failed real estate sector, or save the failed U.S. auto industry.

There are in fact so many companies in trouble that one trillion dollars may only be a start.

The simple fact is that the Bush Administration deliberately, as a matter of philosophy and greed, sabotaged the regulatory bodies which would have prevented the current economic meltdown.

And now that same administration is attempting to ramrod a swindle of historic proportion which would allow that morally bankrupt administration to dispense a trillion dollars of the taxpayer's money without any kind oversight.

We my fellow Americans are in a lot of trouble.

The American economy is like the Titanic, with those in the first class sending their gang of enforcers down into the lower decks to shake down the impoverished for all they are worth just prior to abandoning ship.

We've seen it before, all those who have profited from the sham Bush economy will keep their spoils, and will even profit again as consultants in phase two of the sham, and tax payers will be stuck paying interest for treasury bills sold to Arabia, and China for generations to come.

The Bush Administration is the most corrupt administration in the history of America, and anyone who continues to support it are unpatriotic.

2 comments:

Blevins said...

JP,
Don't why you are so pessimistic about our economic outlook. John McCain said a couple weeks ago that economy is sound. Seeing how is not facing foreclosure or the repo man, I have no reason to doubt him.

BTW: Is it a good sign when all of your pay check goes to paying your mortgage?

ANNA-LYS said...

It is all Your fault
and mine, too !!!

(kind of explanation on my blog)

email jp

  • jeromeprophet@gmail.com

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