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Something to Think About with Tim Brady

$700 Billion Bail Out - What are they thinking?

The Chinese have a saying that defines insanity. I’ve paraphrased it here; “Are we doing the same thing the same way while expecting different results?” It is amazing that Congress, the President, and both presidential candidates think we can borrow ourselves out of this mess when borrowing is what got us into this chaos in the first place.

In my opinion, this economy needs to collapse, we need a good solid depression to clean house. The idea that the government thinks just because it owns the printing press they can simply print more money,  and send Americans $600 checks to fix a problem, or borrow $700 billion dollars and buy bad mortgage paper is ludicrous. Kind of like putting a Band-Aid® on a man's chest while he’s having a heart attack. This, without question, is the most brainless solution our Government has done in my lifetime (56 years).  It doesn't address the core problem that our current economy is based solely on borrowing forward without any means or plan to pay it back. All this does is avoid the inevitable. We as a country are bankrupt, but not willing to admit it.

The politicians and financial institutions of this country have played right into the hands of bin Laden, although bin Laden's plan was to disrupt our economy by hitting the financial center of this country and taking out thousands of people responsible for our financial heath, and maybe in fact those who died on that terrible day were. But the act itself didn't cause the financial collapse, our reaction did. The nation was instructed by our President to continue living life as we had, he would go and get rid of this monster and our lives would not change. Well, bin Laden lives and our lives are in shambles. Our lives are in ruin due to the greed of our fellow countrymen, not some terrorist act. While he [the President] has been out getting rid of the tyrants of the world, the financial tyrants of America, through their greed and need to die with more money than the next guy, have successfully destroyed this country. And now we are going to reward them with the largest financial bailout in American History. Doesn't anyone see what's wrong with this picture?

Currently we owe China and Japan over $500 billion each. That’s $2,857.00 per man woman and child in America. A family of four owes the Chinese and the Japanese almost $11,500.00. Where will this additional $700 billion come from?
 and that's something to think about™.

Verify what these Execs from failed financial institutions are earning over the past few years as reported by Matthew Craft of Forbes.com, September 26, 2008

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