I thought congradulatoins was in order. You may not have figured out but the bailout for the lending and banking institutions is taxpayer money...yours and mine.
Unlike the CEO that ran the company into the ground a received millions of dollars in bonus money doing it...we get the bill and a smile.
Who are we bailing out, the economy? That's us! Who are we really bailing out? You might be very surprise at that answer. What would you say if I told you that many of the congressmen and women have millions of dollars invested in these institutions. One congressman has over 20 million invested. Do you think they are going to let these guys sink and lose their money?
I often wondered, as a business owner and a former CEO myself in my other life before real estate, how could you not know you were in deep financial trouble? You get monthly financial reports. You get a report called a balance sheet. You also get a budget forecast. You get cash flow reports. What do you mean you didn't know until Friday you would have to close? CRAP with a capital "C".
Let me put it to you in a very basic terms. Homeowner's all over America are making budget choices right now. If it means not going out to eat versus gas for the car...gas for the car wins. If it means not buying as much at the grocery store so the electric bill gets paid that is what happens.
These guys are playing with America's economy, families and businesses that people depend on for employment are being effected.
So we just wrote a check...we devalued the dollar, have a national debt that only Einstein could wrap his head around. The national debt ceiling has to be raised by trillions of dollars to meet what these guys have done and save our economy and thousands of families.
Do you know this is the largest bailout since the great depression. I wasn't here for that but I can tell you those that were are shaking in their boots. This was close to causing a melt down!
Think about this and say OK but....there really isn't much room for that "butt" congress has been sitting around on theirs far to long time.
Here it is...who sat on the committee to oversee Freddie Mac and Fannie Mae? Who was paid millions to look the other way? I'll let you do the research on that one...but I think once you see how we have been led down the golden path only to have thorn bushes at the end your not going to like the ending of this story.
It isn't politics, it is criminal what has happened. I usually have all these nice things to say...but I have to tell you people are being put out of their homes because nobody cared to see that this was a greed driven social program that could sustain itself if you used a respirator and shock treatment.
So you have 45 days until it is time to vote. Think of this we have a poor excuse for a President "but" he acted fast and saved our bacon. I can't say I have like his term as President but give him his dues. We have a Democratic congress that blocks, whines and pot shots...getting very little done and then tries to blame the President for their failures.
Here is my proposal to America. Vote for the best person or persons that are going to represent you and me to the best of their ability. Don't look at all this party stuff...look at each slot you are voting for as though your future, your children and grandchildren futures depend on how you vote...they do!
So split your votes all over the place, but vote for the best candidate in your estimation. That is all any of us can do. Hopefully by breaking away from party politics and going for the best candidate for a change who can actually feel like we have a chance. I have always felt that I didn't want to vote for any of them!
But this time we have to do it right or we could be in much more trouble than we are now!
Did I say thanks for voting?
OH by the way partner...maybe we could meet in the conference room of our new corporation...send me an email when you get a date for all of us to show up!
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