mkttrdr

Washington's Dilemma: This Isn't a Recession, It's a Collapse

Its only paper. Our debts, our dollars, our money, Cali's IOU's and now our souls are based on paper(credit).
This is not what our founding fathers nor creator had in mind.
Good will and good deeds are well intended and desired-but this is going too far!

No less. Bailouts have not and will not work. Too, many states that can manage a budget(paper book of revenue-expenses) will get nothing for doing whats right, but do end up paying for deadbeat mismanaged states by getting less in future federal funded projects.
Cutbacks will come.

The homeowners who pay(paid) mtgs, and taxes on time (are)were losers in 2008 and continue to lose value(equity) monthly.. They are paying for the deadbeat bankers who underwrote the loans to the unworthy. So too, will anyone and everyone holding dollars that are printed(paper) to bailout the AIG's in the world.

Life is not fair-how true-but we do have to live and exist together;
whether we like it or not. There is no need to panic -just realize we are regressing to the caveman days. We the Moral US citizens are so sick of this mismanagement-does that mean were going out of business too?