It is the ECONOMY you idiot

I just do not get it! How world stock markets are celebrating the fact that we are going to HAVE MORE MONEY to loan to companies and individuals who cannot pay it back. Debt is what got us into to trouble in the first place. Yes – CREDIT CREATES DEBT. Companies need to make a profit. All of the companies we are trying to help have NOT MADE AN HONEST PROFIT FOR YEARS. The only way they could survice is via the creation and marketing of vehicles so complex no one knows how they work and what will happen is they FAIL. We all remember the Titanic was an UNSINKABLE SHIP. What good is a line of credit to create goods no one wants, needs or can afford to purchase. We are being HOOD WINKED AGAIN to go out and shop to save the world from global recession or more likely DEPRESSION. It will not work a second time. Global consumers have been tapped out, except for the Chinese consumer who has been insulated from our WARPED since of wealth we have created in the USA and Europe by artificially inflating the value of real estate in order for consumers to leverage in order to gain cash in order to purchase ICE CREAM. Chinese really have savings in CASH. Go figure, I guess they do not like ICE CREAM. Yes America is a economy where we make and sell ice cream to each other. (One needs to remember back 2 years ago when they said Americas manufacturing industry was a dying engine and we are a SERVICE AND FINANCIAL based economy. Wow, how wrong were they? I guess they were smoking some of their own weed.

I also do not see anyone predicting how the DIVERSION of 250 billion from the real estate and mortgage bail out (oh and $135 billion has to go to AIG = 385 FROM 770 all ready consumed) will affect home and land prices. Yes the banks were counting on the government using that money to buy BAD loans. Instead they get to sell their COMPANIES to the government instead of selling the government TOXIC loans at face value. Americans expecting a bailout of their toxic loan just GOT SCREWED. In the end there will be NO MONEY for JOE OR JANE.

Do not believe the short lived rally on Wall Street has anything to do with the economy. I never knew failure was rewarded with CASH. Secondly, as we NATIONALIZE our banking, insurance and mortgage markets, what will be left for hard working Americans who SAVE and control their spending?

The Titanic is sinking, every child, woman and man head for the life boats as the ship is about to sink. It is up to you to save you and your family.