CTMike

Tuesday Overview: Confusion and Caution

While reading these charts and enjoying David's obvious love of the bail out plan, I came up with a new bail out plan. Go ahead and give them their $billions but it all has to come out of re-election campaign funds instead of taxpayer dollars. Politicians love picking our pockets so see how they like it for a change!

Tuesday Outlook: Bailout Brouhaha

Just got this message when I tried to contact my US Representative

"Messaging Service Unavailable
The House of Representatives is currently experiencing an extraordinarily high amount of email traffic. The Write Your Representative function is therefore intermittantly available. While we realize communicating to your Members of Congress is critical, we suggest attempting to do so at a later time, when demand is not so high. System engineers are working to resolve this issue and we appreciate your patience."

AND, you want these guys to manage $700B with no strings attached (you really want to know where the &700B went, sorry due to ext ordinary demand, we stopped keeping records) and after that, run your health care (sorry, that life saving operation is temporarily unavailable) plus any other socialized program they can think of? Heaven help us if they succeed!!
You think its just an isolated government bungle? Try buying gold coins from the US mint; sorry, we ran out.

It's a Bull Market in Government Intervention

Where's the outrage that we the ordinary taxpayers will end up paying the bill. Even if its only $1 vs. the $trillions that many fear, its not right. The folks that should be held accountable still have their $millions and will probably recieve even more $millions. As a starter, write your congressman "today" and demand that any bailout address eliminating exccessive compensation as a condition for receiving any bailout money. When I wrote, I even suggested that excessive compensation adjustment be 5 years retroactive. What we are whitnessing is not capitalism but simply rape and pillege of the average American taxpayer!