"The sky is falling, the sky is falling," economic breakdown, is just the first in a long list of examples. The government (SCC chairs, Barney Frank, Bill Clinton's 1994 change in the housing discipline, and George Bush's administration in part), the full scope of the "Wall Street Crowd," large businesses, golden parachutes, and the people (including the high end, Ed McMahon's, to the low end, poor/low income people) who were greedy, taking advantage of others, and those who were out to get something for nothing.
Where did the United States see this before? Katrina is a current example. Hurricane Katrina is coming, but there was not an adequate evacuation plan, warnings, or state and local precautions. America had the people who sat in bars, on Bourbon Street, never heeding the warnings and staying in their homes. People on the ground, in hospitals left people to die, stole and looted drugs and supplies, and all those who rioted and broke into a neighbor's home. Finally, the government, FEMA, Congress, Senate, and the Bush White House completely let the American people down. Consistently, making poor choices, from letting tons of ice melt, water and natural supplies go to waste, the "debit cards" for poor/"disenfranchised" people to use to buy essential supplies (yet, most, went out to buy luxury hand bags, beer and countless other "non-essentials") and the millions of dollars of mobile homes that never got to the people who needed them (which are still sitting on Oklahoma Government land, useless because of how they were stored, on cinder blocks).
With Katrina, Ike (which has not been a fiasco, but will need millions/billions of dollars spent), the September 11, terrorist bombings, the Iraq/Afghanistan wars, and now a huge economic disaster has all been dealt with by more of the same. Companies like "Fannie, Freddie, AIG, Stearns, etc...etc.." should be left to fail. Darwin's survival of the fittest, applies in the Capitalist Money system, here in America. If there is a company, which has bought bad paper, made bad deals, and is allowing their CEO's/CFO's to rule (at a salary of $1 million a month) and when the company is languishing (sends them away with tens of millions of dollars, severance). Then the company deserves to get whatever the market bares. If this is not the way the free market, operates, then it is not Capitalism. It is a whole different animal, altogether. Coupled with greedy and people living over their means, the above lax company policies, and countless examples of lack of oversight, mixed with the greed and "out of means living" of Americans; the automobile, airline, and other major industries should expect a bail out, from the government, causing the world economy and American economy to tank into a huge depression.
Industry, businesses, and individuals are all responsible to leave and work within their means, and if they do not, they deserve to perish. There should always be an equation, whether for business, the stock market (including those greedy and non-ethical speculators), or for individuals stating, (this costs) X dollars - (my income) Y dollars = this is what I can afford/lend/buy (Z outcome). A bail out of this size ($700 billion dollars), the biggest expansion of government in United States history, will not benefit the majority of individuals. It will make those with money, to buy the housing, stocks, and bonds at $.20 on the dollar, to come out that much more ahead, leaving those individuals (who may have been taken advantage of) to fend for themselves. It will also quelch the majority of the "new programs" of the Obama Presidency, or the fiscal cuts of a McCain Presidency, only handcuffing our country for generations. This does not include the countless dollars, which will be lost, at the hands of China, Russia, and other countries buying into the "free bail out" order. The "bail out" is a sham. The longer time goes on, revealing the details (of what was supposed to be rammed through Congress and Government), the less political figures and the people want it at all. One time, the government has to represent the "Main Street" and not "Wall Street," or it will be at America's peril.
Where did the United States see this before? Katrina is a current example. Hurricane Katrina is coming, but there was not an adequate evacuation plan, warnings, or state and local precautions. America had the people who sat in bars, on Bourbon Street, never heeding the warnings and staying in their homes. People on the ground, in hospitals left people to die, stole and looted drugs and supplies, and all those who rioted and broke into a neighbor's home. Finally, the government, FEMA, Congress, Senate, and the Bush White House completely let the American people down. Consistently, making poor choices, from letting tons of ice melt, water and natural supplies go to waste, the "debit cards" for poor/"disenfranchised" people to use to buy essential supplies (yet, most, went out to buy luxury hand bags, beer and countless other "non-essentials") and the millions of dollars of mobile homes that never got to the people who needed them (which are still sitting on Oklahoma Government land, useless because of how they were stored, on cinder blocks).
With Katrina, Ike (which has not been a fiasco, but will need millions/billions of dollars spent), the September 11, terrorist bombings, the Iraq/Afghanistan wars, and now a huge economic disaster has all been dealt with by more of the same. Companies like "Fannie, Freddie, AIG, Stearns, etc...etc.." should be left to fail. Darwin's survival of the fittest, applies in the Capitalist Money system, here in America. If there is a company, which has bought bad paper, made bad deals, and is allowing their CEO's/CFO's to rule (at a salary of $1 million a month) and when the company is languishing (sends them away with tens of millions of dollars, severance). Then the company deserves to get whatever the market bares. If this is not the way the free market, operates, then it is not Capitalism. It is a whole different animal, altogether. Coupled with greedy and people living over their means, the above lax company policies, and countless examples of lack of oversight, mixed with the greed and "out of means living" of Americans; the automobile, airline, and other major industries should expect a bail out, from the government, causing the world economy and American economy to tank into a huge depression.
Industry, businesses, and individuals are all responsible to leave and work within their means, and if they do not, they deserve to perish. There should always be an equation, whether for business, the stock market (including those greedy and non-ethical speculators), or for individuals stating, (this costs) X dollars - (my income) Y dollars = this is what I can afford/lend/buy (Z outcome). A bail out of this size ($700 billion dollars), the biggest expansion of government in United States history, will not benefit the majority of individuals. It will make those with money, to buy the housing, stocks, and bonds at $.20 on the dollar, to come out that much more ahead, leaving those individuals (who may have been taken advantage of) to fend for themselves. It will also quelch the majority of the "new programs" of the Obama Presidency, or the fiscal cuts of a McCain Presidency, only handcuffing our country for generations. This does not include the countless dollars, which will be lost, at the hands of China, Russia, and other countries buying into the "free bail out" order. The "bail out" is a sham. The longer time goes on, revealing the details (of what was supposed to be rammed through Congress and Government), the less political figures and the people want it at all. One time, the government has to represent the "Main Street" and not "Wall Street," or it will be at America's peril.
