Suckas!

The Republican Crooks

or

The Democratic Cowards.

(And cowards they are. Of course, maybe though, I wouldn’t be so brave if the country’s entire media apparatus was pro Republican. But the media got that way with the massive help of Clinton and Democrats, so they can blame themselves for the place they are in.)

The Congressional Democrats are Charley Brown, moronically convinced they have no choice but to once more try and kick the ball.

But this time, instead of Bush snatching the ball away, it’s McCain who intercepts the play, grabs the ball and runs with it to the opposite goal line.

The score: Bush and the Democrats look like a losing “team” while McCain boasts of saving the taxpayers’ $700 billion.

And Pelosi, Reid, and Frank are once again revealed to be capitulating tools.

Think about we’re talking about bailing out the same investment banks that got us into this mess, all on the taxpayers tab. What do you really think they’re going to do wake up tommorrow and be good corporate citizens.

If we’re lucky they’ll simply take the money and say thank you and use a few other colorful phrases while they gladly take the American taxpayers or US foreign lenders’ money.

A worst case scenario would be the investment banks creating a second mess. , think of it as extending happy hour at the taxpayers expense. If I lost 30 billion dollars and Uncle sam bailed me out, I can say without any hestitation I would probably go out and do it again, after all why should I worry when the US taxpayer will bail me out! The operative term here would be moral hazard.

The best plan would really be an extreme version of the Democratic plan. Bailout out the system by bailing out the homeowners, for a price. Think of as the difference between eating something and stuffing it up your rectum. If you eat something it nourishes you and is inevitably excreted, that’s what would happen if you bail out the home owners directly. Their mortgages would become managable the bonds would be worth something due to their own value.

Of course you don’t want to reward bad behaviour, so if the government bails out a home owner they should be subject to a special 50% capital gains when they sell their house in addition to whatever taxes they are subject to already. In addition if the government bails out the homeowner they should be prohibited from taking out Heloc’s or 2nd mortgages on the home, until the government loan and an appropriate level of interest is repaid.

However all plans to bail out US home owners are flawed because the question of duration risk is present. These mortgage bonds are usually issued with a duration life of under 5 years and most loans have a 30 year life. Since their are caps on what a homeowner can be charged for his loan, it is possible that the bonds may have to be refinanced for less than what a homeowner is legally liable to pay. This happened during the late 70’s and early 80’s when S&L’s were earning 6% interest on their loans but paying 8% on their savings accounts.

For various reasons a bailout simply won’t work. The system had a good run and the American people need to face reality. This game is over and keeping it going for any longer just isn’t possible.

I doubt that any at the top believe in a god..It is interesting how many of the powerful go to the Bohemian Grove. If you have never read about that, goggle for a picture of their sacrifice ritual to the giant owl..just like the one on the dollar bill.

I think that the biggest reason she refuses to impeach is because she, and Jane Harmann (sp?) are also guilty of war crimes. They were told about the torture and they stayed silent. If Bush etc. were impeached, I am sure that they would take down everybody else with them that were involved in any way with their crimes. Participants and/or inablers.