BAILOUT THE BUMS

Fannie Mae, Freddie Mac, Bear Stearns, IndyMac,and so on and so on and on. Companies run by greedy and foolish management that squandered away fiscal resources, and now they throw themselves on the mercy of the taxpayers to rescue them from their stupidity. And more to come. Lehman Bros. sinking fast. Washington Mutual gone from flush to being flushed down the toilet, getting in line for WELFARE. (an aside; why is corporate welfare good and personal welfare bad?)

Back to the bailout. Where is all the money coming from to save the crooks and fools? Just imagine this! Bad debt covered by creating more debt. Most of it from overseas sources.

Here's one to stick in your craw. The head fools of Fannie and Freddie are due huge golden parachutes. How do you feel about being in debt to reward the scoundrels?

I suppose that if we don't like the debt we could pay it off. It's only $31,000 for every man, woman and child in the USA.

 

HOORAY!!