Showing posts with label calvin coolidge. Show all posts
Showing posts with label calvin coolidge. Show all posts

Friday, September 19, 2008

bank of America

It seems as if some don’t really live recession or if it really exist as others say does not. I know for me it is hard and recession is felt daily in my pocket. Ironic to me is how fiscal conservatism (the word as uttered by Republicans and not the actual practice) leads it seem to this mess and even to our greatest financial disasters the way i see. Coolidge, Harding (depression), Keating (Bush/Regan) and now this. I really don’t think it is the responsibility and that there can exist NO reason for the government to bail out the result of presupposed free market activity, if such is self corrective? I mean they seem to be a bit willing to me and not arduously trying to discern of it as if it is wise to spend MY loot on such without my permission.

This is the real war on terror we need to go after. Economic terrorism. You can not just take trillions of dollars from an economy (the Iraq War – both really) and not REASONABLY expect not to have problems. And these fools wanted to privatize social security. If they are, they need to be committed on insanity if not held for criminal liability for corporate felonies –dang that’s right, the Commodity Futures Modernization Act of 2000 prevents such from occurring. Not to mention whoever thought of giving tax breaks to the rich and suggesting such creates jobs is shootin’ up because the take the loot and invest overseas – not here.

I don’t profess to knowing what has to be done, but something has too, they even sneaky at the Whitehouse, spend all that loot on buying Fannie Mae and Freddie Mac and not put it on the budget; like 200 billion dollars in any form is of non budgetary status. But I guess it should be expected since folk don’t Articl1 section 8 (To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures) no more. Thank you Woodrow Wilson for the Federal Reserve. Shouts out to Lyndon Johnson for privatizing Fannie Mae. Shouts out to China, that 374 billion you own in all this debt you purchased, meaning my federal tax dollar coming you way; free of charge. And for being the birth place of AIG in 1919 – gotta check for yawl too.

Fiscal conservatism – hum bug. These GOP hoodrats dont practice fiscal conservatism. What’s fiscal or conservative about allowing stuff to be sold when you cannot even calculate the value of the asset, or if it is an asset alone? Don’t know body know how much the paper they buying worth but they buying it anyway. Go figure, I’m through with economic, makes me mad. So I’m gone try and not think about the fact my dollar is .71 cents to the Euro and I aint have nothing to do with that. I would offer some advice, but I only advise self, based on personal thought processes designed specifically for me and mine. I can say learn your money, how to make it work for you, no matter how little you have. Learn investment, learn money, learn the markets.

And not investment the U.S. government way, they say it’s ok for fed debt to grow in short term to maintain a viable economy – maintain dang jones. I don’t know, I just want to know do the government run the banks, or the banks run the government? Bank of America, has a nice ring to it. vote


PS - meant to say me love some Kimmy Cantrell ( in pic).