What did our bailout money get us?

We gave up $700 billion ($843b or something with the added pork to get it to pass) against HUGE public outcry to ensure that our economy keeps cranking along. Guess what? It isn’t.

Yes, gas is cheaper you say (thank the GOP for keeping prices down just in time for elections…happens every time) but the bottom line is that we helped no one, just gave the rich assholes a couple of more days to sell off everything. Once it’s all tanked, they can  buy up EVERYTHING for pennies on the dollar. They did the same thing in the days of Napoleon. News of Napoleon’s defeat got back to the bankers BEFORE the British government so the rumor was started that he was victorious and this news drove the British economy into the toilet. It was promptly bought up and then once the real news of Napoleon’s defeat arrived, the once penny per stock was now back up, way up. That’s how this is done.

And it’s happening to us right now. It’s further consolidation of wealth and power and we are the sorry folks that get stuck with the bill. Pelosi is running around wanting another $300b for a second phase of the bailout, this after the mini-bailout of only $45b for the automakers and the ‘we don’t have to ask anybody anyway’ Federal Reserve’s plan to print all the companies need for easy loan. Of course, printing money out of thin air does what? to a currency? Why it makes it worth less and less, that’s what. When they ask for taxpayers’ money , they smile so broadly because it’s funny for us to pay for our own destruction.

The stock market reads like a Tom DeLay lie detector test and all that is happening now is the wiping out of average people’s retirement funds. Those able to save some back instead of counting on the non-exisistent Social Security now have nothing. The big dogs are still ok, but everyone else is screwed. ‘Well, it’s saving us jobs’ is a bullshit argument too. If profit margins shrink, it doesn’t matter. Companies will go ‘nice doing business with you, sorry gotta run’ and still ship those jobs overseas to keep the margins safely padded. I can pay Joe American $15 per hour with benefits OR pay Chinese Child $1 per hour , no benefits and leave my price on my goods the same! Yay me! I should get a bonus for increasing the margin!
Of course that means  that while Americans will keep digging themselves into a hole with credit cards etc… to still try to buy those goods, in the end it will eventually burst. Like it is today. The company now will re-brand the goods for a Chinese market, build it up , bleed it dry and move onto the next economic power. They are like ticks spreading from host to host and our American dog is just about dead.

Maybe the Chinese will be smarter than us though and not actually pay for the last bullets to be fired into their backs.

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2 Responses to “What did our bailout money get us?”

  1. […] Pelosi is running around wanting another $300b for a second phase of the bailout , this after the mini- bailout of only $45b for the automakers and the ‘we don’t have to ask anybody anyway’ Federal Reserve’s plan to print all the …[Continue Reading] […]

  2. […] Pelosi is running around wanting another $300b for a second phase of the bailout , this after the mini- bailout of only $45b for the automakers and the ‘we don’t have to ask anybody anyway’ Federal Reserve’s plan to print all the …[Continue Reading] […]

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