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Oct
01

Stop pointing the finger !!!!! We screwed up !!!!

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  The Constitution of the United States of America

“We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.”

 The source of this preamble was found here : http://www.law.cornell.edu/constitution/constitution.preamble.html

 

 

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Politics at its best… right?  I really don’t like to talk about politics and religion. But I needed to voice my opinion because there has been to much finger pointing and accusations.  I am also tired of how we can’t get along on Capital Hill. It’s either the Democrats fault or the Republicans fault.  The Republicans come up with a plan or good idea, yet the Democrats shoot it down, even if it would help our economy. Now, this goes on from both sides. But how about the real proof, so the general public can make its own mind up and not with these slandering remarks. What about those individuals that are to firm and true to their political parties and not the truth. Are we that naive?  Stupid?  What happened to common sense?  Please, someone explain this to me before we slide into the shitter, a deep, dark hole. Or is that right around the corner or has happened??

Overall, I have read many blogs in the last week about this sp-called bailout. I held off on this for one main reason. It wasn’t finalized as of yet. So many people complaining about this and that…. and for what?  Congress is in an emergency session now, to see what they can scrape together. My opinion?  I have a few…. but Norma Toering said it best here…..  Life Goes On…..

 

 

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This is not the time to panic. Yes, easier said than done.  But what I mentioned above, “We the People"…. or is it “we the (our) pocket books"??  This is not funny, yet beyond serious.  I am also tired of how the media keeps playing this down, talking about doom and gloom. I was born with a brain and common sense. I have seen this coming for more than 2 years and talked about it in here, regarding a recession.

Let’s look at some proof…. Who is at the top of the list for high payouts in regards to Fannie Mae and Freddie Mac??  How about Chris Dodd and Barack Obama to name a few. And again, I am not here to attack a specific political party. But it does make you wonder, those that have cried and those that have been the loudest crucifying others.

What about going back the last 10 years to see the real problems that got us to the point that we are at now?  Yes, this can be debated…it’s just my knowledgeable opinion.

 

 

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SOLUTIONS…...   gee, this could be a longer list than what I gave Santa Clause when I was 5 years while looking at the kids section of a Sears catalog. 

But what about starting at the top?  As I mentioned, I really tried to stay away from any blogs or anything written in the paper about the proposed “bailout” until now. There was a part of me that didn’t want it to happen. Yes, shoot me. In some sense, we need to let the market correct itself. But we do need some help now.

I will say this, Lenn Harley wrote a very well written post on this topic. The Loss of Consumer Credit.  She stated … WALL STREET vs. MAIN STREET"   

Because of my comment, Lenn made this reply. The consumer pays over and over for credit impairment.  The Wall Street executive is PAID for his failure.”

Solution # 1 ….. How about those that knowingly made false statements, reports, cooked the books, etc, etc, just to make sure that they received their bonuses based on performance. How about going after the companies that handle the accounting for such major banks and lenders that also knew about this. Yes, this is starting to happen a little on Wall Street.  But how come it’s not front page news? How about those CEOs and CFOs and the million dollar bonuses?  Why is the Enron crisis being repeated again? Why can’t we learn from these mistakes?  What will it take?  Because of the news that this plan was not approved, the stock market lost over 700 points. Do I hear panic?  Again, we need solid solutions….

#2??  Keeping more paying jobs in the U.S., and not selling our soles overseas for cheaper labor. Yes, they have been working on tax breaks for years, but it just doesn’t seem to happen.

#3…. How about using our resources and produce more oil and gas locally?  Yes, this has been talked about, but why now?  Why not 10 years ago?  20 years ago?  Why do we have to wait until it’s an issue or crisis?

 

 

If this is the time to be United…  to stand up for what we believe in…  and to put our political indifferences aside, this is the time to do it.  NOW… We don’t need another 9/11 to be united and we surely don’t need a financial crisis. But the second part is a little to late. So, again, let’s start at the top and also look at the last decade, which in my opinion, has created a large part of this mess.

 

 

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