SEVEN TRILLION FOR WALL ST AND BANKS BUT NOT A DIME FOR GM

My blood boils every time I switch on the T.V. and see that stuttering and nervous twitching Henry Paulsen take the podium to defend his actions for sending America down the same road as King Caligula did to the Roman Empire two thousand years ago. Mind you, I feel almost the same every time that Barney Frank and Nancy Pelosi explain their prognostications of the financial meltdown that has descended America into near depression. Five years ago Bush told us Social Security would be doomed by 2027 because it would need an input of $50 billion, money that would be impossible to find. That is when he started spending $10 billion a week on Iraq! Now we have Uncle Sam writing out a check for minimum $7 trillion all because of Paulsen ex colleagues, but still good friends, exercising their greed and avarice upon unsuspecting and gullible middle America.

The big three auto makers last week received the two thumbs down from the democrat-led congress and right now up to ten million jobs are on the line. This is madness. For me, I couldn’t care less that Bear Stearns and Lehman Brothers are no longer. If Citibank folded, so what? In fact when I think of my youth in New Zealand, the then government-owned BNZ had branches in every small town/community in the country and still handed a handsome dividend each year to its sole shareholder. Maybe every troubled U.S. bank should be nationalized if we are to bail them out! It is appalling how Pelosi/Frank/Paulsen et al have turned their backs on the Big Three when directly and indirectly ten million plus people will lose their means of support should they fail. If, as the politicians say, bankruptcy is a better option for G.M., Ford and Chrysler, then why not the same for Citibank (just been handed for starters a quarter $billion), Morgan Stanley, Merrill Lynch, Goldman Sachs and Wachovia? Maybe if (we are already being told China now owns us) we had a few Chinese banks in America to take their place, we might as a welcome change obtain some good customer service!

President-elect Obama has so much goodwill on his side, but he needs to tell Bush that it is over for him and his band of jerks and he also needs to pull these idiot headline grabbing grandstanding colleagues of his in line. The Big Three could go under if current trends continue until his inauguration and hard working Americans just cannot be held to ransom any longer. What the auto manufacturers need is postage stamps compared to what is being doled out to the bastards that created this unholy mess for us. Where is the justice in all this? and what about the sanity of the people we have elected to look after our best interests? Quite frankly, Pelosi is about as loony as her and Barney Frank’s best friends who run her home town, San Francisco!

Tags: America, Barney Frank, Bear Sterns, BNZ, Bush, Chrysler, Citibank, Ford, GM, Goldman Sachs, Henry Paulsen, Lehman Brothers, Merrill Lynch, Morgan Stanley, Nacy Pelosi, New Zealand, Obama, Social Security, The Big Three, Wachovia