Stocks hit the Jackpot Today
Yes baby, five blazing red sevens means we just hit the jackpot. A Vegas wet dream is the DOWs worst nightmare.
Slot machine 777
Last week was a hilariously entertaining comic playing out
in front of our eyes. It was almost too funny to be worried about all the
economic impact. McCain’s attempt to use the crisis to his advantage and present
himself to be responsible to a higher calling simply backfired. While tax
dollars are already being wasted with bickering politicians locked up in a
room, making concerned faces, we have to struggle to survive in the real world.
Everyone immediately joining the cause and condemning CEO
compensation packages really did nothing to resolve a crisis. Plans were made
to help out banks by taking the bad credits off their shoulders, in a hope that
they might magically start to give credits to businesses again. I kept
wondering why the tax dollars, generated by “main street” businesses do not
flow back as credits to them directly. Why do we have to pay banks in the hope
to get a credit for them? The logic behind this so-called “rescue” somehow
evades me.
As usual, we are all getting the shaft, sold to us as a
rescue package. The people on the Titanic are happily lifting big Wall Street
giants into the lifeboats, while pushing the boats up with their last breath,
making sure they do not sink under their heavy debt.
Despite having lost a fortune on my brokerage accounts and
401(k), I can now only laugh at the unfolding disaster. I can only envy the
Japanese employee whose miserably failing manager jumps out the window. I wish
out political values were of similar nature.
Watching the establishment crumble and suffocate on the bad
debt they created for themselves is pure pleasure. Realizing that we are all
affected by this however is horrifying.
In all honesty, I would much rather drag the lifeboat full
of Fond Managers, Politicians and Executives into the depth of debt with me and
see them drown as well.
Once more, the rich will get richer in the end, while we
have to foot the bill of this madness.
The government, once elected to serve the people, has become
a self-serving leech on everyone’s back, draining the lifeblood from our veins.
Supporting a growing number of offices and bureaucrats who’s sole purpose is to
find out how to milk us even more is the primary purpose of our governments.
I would like to see ALL the facts and NONE of the fiction
(read manipulation) revealed to the public, who then can make a truly INFORMED
decision and vote on the “rescue” plans proposed by economists who are not
politicians. Let people with a proven track record (Warren Buffet) come up with
a plan and let US decide on it.
