Bailout, Schmailout.

Hello.

I’ve managed to slip my chemical leash and I am back, ready to kick some politician butt. Rendition, my Aunt Fanny.

Just kidding. I’ve been stuck playing the never-ending literary quiz over at Goodreads.com. I just wanted to sound all spyish and less like a complete dork.

To the topic at hand: Bailout Bill.

Complete load of hooey. Expensive hooey at that.

Why would We the People want to reward greedy men and women for ignoring the warnings that have been going on for over a decade? We were told repeatedly in the early nineties that if the credit industry was not reined in this would happen. Guess what? They were right! Surprise! And since the explosion of monetary gain has been by the top three percent, why would the other 97% of us want to work harder to pay off their debt ? We don’t, so suck it Congress. We are already working like dogs just to maintain the little we have. Under no circumstances should we allow the richest people in the country to pass their debt to us. The ‘lower’ classes do not exist as a slave class to take on the burden of the greed of the upper classes.

Also, as long as I am ranting mindlessly, let me say something that has been making my fur stand on end. Why are they blaming low-income homeowners for this debacle?  There were programs instituted by Fannie Mae and Freddie Mac that allowed for sustainable home-ownership for lower income families. At the time of their inception these programs were used to revitalize neighborhoods and were taken on by working class families in an economic environment that allowed people to work and see a return on that work. As mass layoffs began and income to living wage ratios fell in the last eight years, those families began to struggle under the weight of a top heavy economy. They did not, as has been postulated, take on mortgages they could not afford. They took on mortgages they could afford until gas prices, due to excessive profits, risky investments, and speculation began to spiral out of control. This spiral has led to outrageous increases in pricing for everything throughout the country. And the mass foreclosures began.

The biggest drain on our economy has been the two wars we are concurrently waging. But it seems no one wants to mention that. They’d rather point to those who can least defend themselves and blame them.

Well, I blame those who,even after the lessons learned in the Savings and Loan disaster, began creating private equity firms and hedge funds. Those two things helped spur the original financial meltdown in the 80’s. Because of  a government bail out then, the greedy bastards ignored warnings and started up all over again. Those same people should be forced to declare bankruptcy.

They should be required to be punished for their actions. Not rewarded for the pandemic of greed that has sent our country into a tailspin.

If you’d like to urge your Senator to vote no on the Bailout Bill, go here to find out who they are and send them an e-mail. If they get enough mail it might crash their system.

I’ll bet they’d get the point then.

Dogwoman

4 responses to this post.

  1. I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

    Tim Ramsey

  2. Amen!

  3. Posted by dogwoman on Thursday October 2 2008 at 1:37 pm

    Hello,Ryan

  4. Posted by dogwoman on Monday October 6 2008 at 3:13 pm

    Hello Tim. For some reason your comment was marked as spam so it took me awhile to find it. I am the world’s laziest person about updating and weeding out. Sorry. Thanks for your kind words. I like your blog as well.

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