My Two Cents Worth . . .

I realize I seem to be stuck on this banking, financial ruin this country is going through, but this morning the news is just "priceless." It hasn't been a month ago that our leader told us we are merely experiencing an economic slowdown, that didn't quite rally as they had hoped with the tax rebate plan. Now, I'm hearing the same old tired mantra from the White House, "if Congress doesn't hurry and act . . ." And oh, the whole world is watching. Well the whole world's been watching this complete farce for the last 7 1/2 years, and six of those years we had a republican Congress that was apparently just twiddling their thumbs or enjoying the wining and dining by corporate lobbyists. I really think our government saw this coming. I saw the real estate bubble ready to burst in 2005 and I'm just a small time minister/writer, hardly Wall Street or Washington material. In seven years, we've nearly doubled the national deficit and those of us that call attention to that fact are being labeled, unpatriotic. I think our government has done two things. I think they have weakened this entire nation and lost our credibility throughout the world. I can't blame all of this on the government. Even American religion has managed to self-sanctify greed.
This time, however; it would be nice if Congress stuck by their guns and didn't just bluster before handing the President another blank check! There is a fundamental flaw with this continual rhetoric of "not allowing these businesses to fail." The fact that the books don't balance and they've lost billions is failure. Even if they receive the billions upon billions over the 1/3 of the tax rebate they've already received, insolvency in banking is failure. Insurance companies that need a loan to keep operating, much less cover claims, is failure. And so our government has rewritten the rules for the last two investment banks. That's right, down to two. Now these two banks can receive deposits . . . Since banking is now a not for profit business, and receiving federal funding, will the deposits be tax deductible?
Our own government is taking us down and they want us to finance the conquest!
Even if the money gets printed and pumped into Wall Street, it's strength and power will not be restored and the government will have the assets held by the companies on Wall Street. If this present insane plan does pass Congress, it's lose/lose/lose for we the people. But hey, they're going to give us 4 shiny new pennies in '09!
Perverse disputings of men of corrupt minds, and destitute of the truth, supposing that gain is godliness: New Testament