letter to Congress on the bail-out...
NewsFocus, by Tim
For those not thinking properly on these
large bail-outs…. “we the people” want some
accountability. Congress is bankrupting us to save
the poor business dealings of others. So in essence,
let’s bankrupt our once great sovereign nation in order to
save a smaller not so great for-profit corporation.
There is no other way to parse that statement. It is
The original Bush bail-out was NOT
intended for the following…
corporations and bankers to sit on as a nest egg in case of
dividends to shareholders so they do not lose in a
To take over
smaller banks and companies so that they themselves can
read about the unbridled temerity of financial institutions
such as AIG, who spend lavishly on golf retreats and
exorbitant conferences, while sucking up our children’s
future with excessive free bail-out money, we get angry. Why
should we and generations afterwards pay for the egregious
conduct and perverse moral character lapses of those asking
us for a government hand-out?
“We the people”
are sick of GOP members and their lackey TV pundits who
constantly tirade a false claim of Obama socialism, when in
reality it is the financial institutions, a great many run
by ultra-wealthy Republicans, that are asking for the
socialized hand-out. This of course is not
helping our current financial meltdown. It indeed is
Someone needs to fire a CEO and an accountant
or two. It is clear that the big three auto makers have
resisted government efforts to force them into making cars
that exceed 40+ miles per gallon (even though they’ve
already been proven to be quite capable of better for many
years now.) They resist the push away from oil reliant
vehicles so as not to upset the power base of the ultra
wealthy who control our antiquated oil based infrastructure.
My suggestions… those that have already
abused the bail-out should be prosecuted, period. If
I have to embarrass this Congress with a list of all the
welfare families and single moms who have been indicted for
welfare fraud, then so be it, but to turn a blind eye to a
far worse corruption by the uber-rich of this nation is
tantamount to being an accessory to the crime. Again, no
other way to parse that statement either. Facts are what
Any group that gets a bail-out should be
restricted from awarding any bonuses or kickbacks of any
kind whatsoever. These rich capitalists are lucky enough to
be receiving their overpaid salaries, let alone a bonus for
poor work. Bonuses are something you get for going above and
beyond the call of duty and normal work production, not
simply for showing up and doing the job they were hired for.
There should be no rewards, perks or bonuses
for failing companies that accept a bail-out!
When times are tough, “we the people”
are forced to tighten our belts and make tough concessions.
We expect no less from the rich fat-cats who have made their
extreme perverse wealth off of all of us.
I would also add one caveat that is greatly
disturbing… they should also not be allowed to spend on
extremely expensive advertising budgets for their respective
companies. To see ads still running for AIG, large banks and
countless Wall Street companies is quite insulting. The same
goes for the big three automakers. They may wrongly claim
that they need to do that in order to keep business going,
but I strongly disagree.
Two valid points to consider…
It didn’t seem to help them before.
They are not unknown entities or start-ups
in the market. These are names of already established
People do know where to go if those services
are needed. If you ask for a bail-out, you do what the
common man is forced to do, you make appropriate cuts and
work out of it.
And while we’re at it, who among Congress can
justify hundreds of billions by the oil industry, in just
one quarter alone, when they have been gouging us at the
pumps for so long? This has been quarter after quarter for
some time now. It would seem readily apparent that their
cost and overhead are clearly not what they claim and does
not substantiate the huge price that they charge us for our
My suggestion… arrest and prosecute the CEOs
of these companies for blatant avarice and for threatening
the financial well being of our country. I would be in favor
of our government taking over and nationalizing these oil
companies, bringing the cost down, and stimulating our
economy. All profits could then be applied to our ever
burgeoning national debt.
Regarding this economic mess that we are in,
it would appear the “we the people” have not sent our
best and brightest to Washington. Any that do not see the
precarious tipping point that we have been manipulated into,
need to read Naomi Klein’s breakthrough work, “The Shock
Doctrine: The Rise of Disaster Capitalism.” A great many
of us are getting the point and are not so clueless as to
what is really going on. It would appear to many that we are
being steered toward the cliff.
For those in Congress that regard the New
World Order claims as conspiracy, they are either tragically
very naïve, uniformed, and/or ignorant to the countless
comments from a great many of our elected officials
over the years, including the arguably crooked Bush clan.
(And why is it that no one wants to talk about Prescott’s
history, or that of George Herbert walker?)
Many like John F. Kennedy, Dennis Kucinich,
Ron Paul and Ralph Nader have had it square on the barrel
head for some time now; we need to do away with the Federal
Reserve, or at least take it over for the people’s sake,
thus restoring our ability to print our own money, without
debt to the Fed and therefore restoring our national
sovereignty that was foolishly given away by President
Wilson, an act he later deeply regretted.
takeover of the Federal Reserve is obvious to many and
should be job one in wrestling with this manipulated
financial crisis. The central banks hold the true power.
Please take into account
"we the people" as these bail-outs are pushed for your
More on the dangerous Federal Reserve
For those complaining about the Obama stimulus package:
the Bush's Bailouts: $1.8-TRILLION and Counting