we need to start by getting rid of the FED. what is it, 11 branches worth? before they gave out the $700 billion that was approved by congress they gave out over $800 billion. with that $800 billion they don't have to tell us who they gave it to or what they got in return for it....all without congressional approvoal.

the government gave AIG $85 billion. they got 80% stock in the company. they did this with emergency powers from the great depression. powers that should have been relinquished.

with the $700 billion roughly $250 billion was given to banks. the govt know owns numerous stock in all the banks they gave money too. they also own 60% of GM after the bankruptcy.

the government also too over fannie mae and freddy mac, who are responsible for ~80% of all american mortgages.

when the bailout passed on oct. 2 2008, the down jones closed at 10,482. a week later it was below 9,000.

from 2000 to 2006 more dollars were printed than in the history of the republic.

the original bailout plan called for the buying of bad asstests from financial institutions "right now". once given the authority, the treasury postponed and then scrapped the plan.

the bill actually empowered the treasury "to use up to $700 billion at anyone time to inject capital into financial institutions, to purchase or insure mortgage assets and to purchase any other troubled assests that the treasury or fed deem necessary to promote financial market stability."

so they can use $700B and then sell the toxic assets they got in return and then use up to $700B again, with no explinations.

we are spending about $4 trillion a year and taking in ~$1.5 trillion. so the non-existant middle class will be getting taxed again shortly, although barack promised no new taxes for the middle class.

not to mention this huge push for health care which might be the worst piece of legislation ever intorduced.

if we are gonna be capitalists fine, but when it doesn't work for us we HAVE GOT to let these companies, no matter how big go under. banks included. we don't even need banks. all they are is an intermediary....and make money with your and my money. we can get rid of them all together.

our government put US on the hook for all of this money. too bad most of the economists out there follow the keynesian school of economics....including paul krugman, lord help us. there need to be more austrian school of economics. you guys interested should check it out.

also checkout the book "meltdown" by thomas e. woods jr. mises.org is another good place to get info.

we need to ditch the fiat system and go back to a commodity based money. while we are at it we need to get rid of big government. get the government out of our education system. i'm sure there is plenty more.....

sorry for rambling. this stuff really pisses me off too!

can you say socialism? got to love our government.


keep fighting my good people!


-shake