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No More Groundhog America

2008 and 2009 have been great years for American taxpayers.  

We lost billions of dollars in savings and investments, and millions of jobs.

We also incurred trillions in debt on our future generation.

But we became more informed, and knowledge is key to success.

The change America wants is in our hands, not the President's, the Congress', or the Supreme Court's.

With our own eyes, we saw President George Bush and Treasury Secretary Hank Paulson handed out billions to their favorite banks.

We saw FDIC chairwoman Sheila Bair spent its meager reserve, without Congressional approval, to sponsor TLGP and PPIP instead of protecting our deposits.

We saw President Barack Obama ignored the rights of bondholders in his endeavor to save the Auto Union.

We saw our Congressional representatives signed and passed legislations without reading the entire bill, sometimes not even a page.

America saw everything.

The world saw everything.

Goldman Sachs and JP Morgan are not formidable.  

Every single penny that will be handed out as bonus at Goldman Sachs came at the expense of American taxpayers,  whether via AIG or FDIC-backed debt.

Every single penny that will be handed out as bonus at JP Morgan came at the expense of American taxpayers, because in effect we gave billions to help Jamie Dimon buy Bear Stearns and Washington Mutual.

We are not idiots.

Now we know WHO took the economy down and WHO are shameless enough to hand out bonuses when those money could have been used to help the same Americans who lost their life savings and jobs to help YOU.

Chrysler bondholders are not the unpatriotic Americans, YOU ARE.

If we could, we would take that $11 billion bonus and use it to save CIT, a major lender to small businesses.

But we are law abiding citizens so we will do it the right way.

We will make sure we vote for the right people in the upcoming elections.

Continue with your reckless leverage ratio and derivative bets, we will make sure you will not be saved again.


*imho*