Wednesday, September 17, 2008

For a Mere 85 Billion . . .

Our present administration is now bailing out yet another over-extended, short-sighted, greed driven company. I'm still sorting out the facts as to why Fannie and Freddie were bailed when Bear Stearns was allowed to sink, and why AIG is being bailed right after the Lehman Brothers filed bankruptcy. . . and I am trying very hard to not use the term, anti-Semitic. So, I'll move right along here. For a mere 85billion dollars, our government has managed to obtain 79.9% of the assets of a company worth more than a trillion dollars. Wow! You talk about an investment, I'd almost call it a gamble! That got me thinking, however; as to why our government is so far in debt when it's raking in markers like this. The part I just don't understand is this next move to hold an auction for bonds.
So, our government, being what it is, is spending 85 billion dollars of taxpayer's hard earned money to own almost 80% of a trillion dollar company, and I still haven't seen where the taxpayers benefit, but . . . then the federal reserve prints bonds to sell, to restore the reserve, because our government has been bailing ailing corporations out in an "attempt" to save our economy . . . and the taxpayers are supposed to be supportive of this measure, even feel good about the economy. I think not!
If our government can spend 85 billion to hold the assets of a company that is worth over a trillion, why are we in debt? Why is there a deficit, at all? This seems like some pretty savvy business investments. Or does our government only invest in sinking ships that belong to old cronies?
Since our government has shut down loansharking and racketeering, our administration seems to have the exclusive to high interest rates and placing a rock on the assets.
This particular business maneuver seems a lot like walking into Wal-Mart and buying stock with Monopoly money and then telling the greeters and the cashiers, as well as the bakery crew that 80 cents on every dollar will need to be given to ME! What a plan!
YHVH shall open unto thee HIS good treasure, the heaven to give the rain unto thy land in His season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow. Torah of Holy Scripture

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