We can't handle the truth!

It isn't a Stimulus package, or a Recovery package, or a Tax Cuts and Spending package, it's a Band aid on a severed artery package. Even before the "conservatives" and the "centrists" watered it down, it wasn't enough to prevent the Depression of 2010/2011. When we save or create 4 million jobs and we've lost 2.6 million in 2008 and 600,000 lost in Jan 2009 another 2 million are predicted to go by the wayside by the end of the year. It's easy to see that we're expecting the flood waters to rise 12 feet and we've only got enough sand bags for a 10 foot wall.

While Obama's plan will help in the short term far far greater measures need to be taken in order to save this country from economic disaster. Understand that the credit swap derivatives equate to selling $30 worth of investment on $1 capital asset . A third grader knows that dog won't hunt. How can a financial institution pay up when the bill comes due? (which it is now)

This isn't even being talked about and it is still going on today. The SEC needs ability to regulate collateralized debt obligations. Shortly after the Savings and Loan scandal (Keating 5), a group of Dems in Congress went to the Fed and said we've got to have oversight and regulations. Greenspan said "No". Allen knew what he was doing. He knew this collapse was going to take place. Notice that when the huge job losses were posted a week or do ago that the stock market spiked. Job loss in huge numbers means large numbers of available cheap labor. What's bad for labor is good for business.

Peter Defazio congressman of Oregon is drafting a bill to bring before congress that will demand that the banks that misspent the money of the first bail out installment, have to give the $ back. It has zero chance of passing but, it's nice to see someone other than Bernie Sanders and Ron Paul with our best interests in mind. http://www.defazio.house.gov/index.php?option=com_frontpage&Itemid=71

Isn't it interesting that by attempting to get bipartisan support of his bill, Obama has only succeeded in diluting it's effectiveness. By letting the very representatives who voted for the policies that created this insolvent economic situation put in their 2 cents worth, (ie tax cuts and less spending for education) what's left is a piece of shit with only a minimal amount of job creation, education grants, and infrastructure investment. The obstructionists accomplished their goal of weakening the bill increasing the chance of it's failure. Now when they vote against it there's less chance of it blowing up on their face. If the bill succeeds in protecting or creating jobs by spending billions making things the Repubs in Congress will be on record voting against it. Can't have that. so, they're relying on the tried and true mantra of more tax cuts and less spending! Nice bumper sticker, easy to remember, Rush can pound it home, never mind that over the past 8 years congress has spent over a billion dollars a month on destroying things. I'm not a fan of our government spending billions and billions and billions when we're already have over a trillion dollars in debt. I just can't think of any other plan that'll put people back to work. There are logical things we could do to cut wasteful spending like firing every single executive on Wall Street, and making them give back the $350 billion, but you and I know that's not going to happen. Everything the Repubs call pork in the stimulus package, (money for electric vehicle development, building more schools, etc etc will create jobs! Just not the jobs that will perpetuate our addiction to oil or contribute to the Republican status quo.

Just a note if you go to the RNC site you will see the Republican elephant symbol. Notice that it decorated with 3 stars. They happen to be upside down, the top of the star should be a point. The way it is pictured is a Devil worshipers star with two points at the top which resembles a goats head. It may be nothing but, I'm just saying . . . http://www.rnc.org/


Okay back to the economy stimulus recovery re-investment hullabaloo. It ain't perfect but, it's better than nothing. It could be really helpful if we only allocate money to those states whose Senators voted for the bill. Let all those Repubs with their education, renewable energy, and infrastructure cuts vote "no" and then say, "Okee Dokee. You don't want it? Your state doesn't get a cut of the $. We'll give your share of the package to Indiana , Michigan, or any other of those states that really need it." If this seems unfair to you remember that during the Bush Administration, Federal allocated money for highways, education, police, etc etc was considerably less in the blue states than in the red ones. (Makes you wonder if Louisiana's Governor would have been a republican when Katrina hit, would help have come sooner?)

These are tough times and it's going to get tougher. The American people spoke in November 2008 and believed this young man from Illinois meant what he said. He's made good on his attempt to end the partisanship only to have his extended hand slapped. When you try to please everyone you please no one. When a great movie gets edited for television, it ain't so great anymore. When Lincoln freed the slaves he freed all of them, the Southern Representatives weren't allowed to say "Okay Okay, . . . we'll only keep 3 slaves per farm."
When FDR passed the "New Deal" most of the Repubs were screaming foul!!! So FDR just gave them the bird. (in a very eloquent way)
When LBJ signed the Civil rights act. He didn't say that only college educated Negroes could vote. It cost the democratic party the south including LBJ's home state of Texas in future elections.

So if this congress with it's Democratic majority can't or won't do the right thing it becomes more and more apparent to me that there is only one party in this country. We are in a class war. The illusion of a representative two party system is a tactic of this war. In reality most Democrats and Republicans are on the same side and it ain't ours.

DaG Out