Big Government and Bankruptcy

Now, as our economy gets more political and the greed defies explanation, we can clearly see it's a downward spiral and the landing will be a thud. There are a couple of key issues I read about today, that were apparent before the change of command. First, the BailOut a.k.a. TARP, was a ruse, and for the most part everyone but the faithful few, could see that. It was nothing more than a bunch of executives getting bonuses to have done a lousy job. Then they attempted to explain away our lack of understand of the term bonus, as more of a commission. Well if someone earned a $22M commission, I would think that company would be sitting pretty, especially since these guys are only selling; paper, air, and ideas . . . There is no wholesale investment, but I digress. On to the banks, who took their money and sat on it, or spent it to acquire another bank, but when they got their taxpayer loan, the last thing they were going to do was loan anything to we the common taxpayer. Then there were the car guys, who have never in all the years of car making, made a substantial profit from January through March. People don't, as a rule, enjoy car shopping in the snow and cold, and money is tight after the holidays and before tax refunds, so . . . When these CEOs agreed to pay back an outrageous sum of money in 90 days from December-something, I knew that had all the earmarks of bankruptcy. What I didn't think about, was that the government was now a stockholder and therefore could actually push the plan of bankruptcy, then turn around and have their TARP buddies, the first in line to collect. Remember when supposedly somebody was watching out for the taxpayers interest? Now we're just watching them throw monopoly money back and forth. And now there are even bigger plans in the works. Now that the Secretary of the Treasury knows he can just print kajillions of dollars and because he's the government, it's legal, there's no end to the potential plans. So there are plans for the private sector, [a.k.a. the big boys that are too big to fail], to invest, with some government backing, in the bad debt of the banks, along with, of course, we the foreclosed upon taxpayers, a.k.a. public sector. I'm not an accountant, but I think I have this straight. Congress, got their raise in January and the lobbyists are still doing well. The biggest banks that got the biggest portion of the TARP will now get a half trillion dollar "investment" by the private sector, plus the rest of the government bailout TARP, to clear their books of the bad loans. Anyway, you figure this, if the government backs any part of this, it's at the taxpayers expense. They don't have to account for all the money they've already received or why they are not loaning any money. They can just clear the bad debt, that they have been collecting on, until they foreclosed, and hey, they can have some more money, too! And if that's not enough, there's always the "public sector" a.k.a. taxes. My grandson is not yet seven, and this won't be paid off in his lifetime, that is, if there is even an American currency by the time he's an adult.
I have an idea. I think it's time to treat government like any other business that is failing and having money management problems. We need to realize, the American government is in the business of manufacturing expenses! Certainly not a product needed at a time like this! It's time to start handing out pink slips and cutting costs. This is a recession, after all!
But the people took of the spoil . . . History in Holy Scripture