Sep 30, 2008

WoW! The people pulled the levers of Congress this time. Let's keep up the pressure.

From Jim in San Marcos, who blogs as The Great Depression of 2006.

THE CRASH DEFINED

A crash is pretty much just a redistribution of wealth, from the rich to the poor. The very rich stand to lose 90 percent of their wealth. With the poor, 90 percent of nothing is still nothing.

The bail out is a tax on everyone in the country ranging from $5,000 to $20,000 depending on the fool talking. For a family of 4 that’s $20,000 to $80,000. If you consider that 3/4ths of the population pay little tax, this is going to be a very heavy wagon to pull.

If we do absolutely nothing to fix the mess, there will be a blood bath. The top 10% of the population get their lunch in Spades. After that, Mr. Rich guy is going to be looking for a job.

This doesn’t mean that we silver foxes walk away Scott free. We are going to get burned badly. That would have happened after the bail out failed anyway. We can’t print our way out of this mess, but can't we let the idle rich implode into nothingness?

If the government wants to do something, let the house of cards collapse. Then print money to keep people in food and shelter; this is a transfer payment I understand (plus it is a government responsibility). There should be no bail out support for the super rich. Paulson kiss your absurd 700 million dollars goodbye.

This event if understood for what it is, is a great redistribution of wealth. With the government buying failed assets; it doesn’t make them worth any more. What good does it do for the government to own them? Private industry has a loss, let them eat it!

We have survived one House of Representatives vote, we need to make sure that they understand, that we understand that printing money won’t solve the problem. This cannot be pushed into the future. The money is not there even if it was an option.

If you have a moment click on THIS LINK and express your concerns to your Congressman. Do we give the rich their money back? ---Or do we say “Suffer with the rest of us!” Vote now, and write your Representative a letter. I really think that we are being listened to, take the time to give your Representative your view; we are not billionaires, just voters.

Remember one thing, for government to pay the bills, we the people have to earn it. There are no quotes around the word earn. This next election could be all about, “Toss the Bums Out.” We don’t need a President as much as we need Congressmen that have some testosterone.

Please do me a favor and click on the link and give your Congressman you view, we can’t print our way out of this mess.

Thank you and good night

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