I Am Stupid – and So Are You - Instablogs
I Am Stupid – and So Are You
Rudolf , New York: Sep 24 2008
Made Popular Sep 25 2008
United States :

I Am Stupid – and So Are You
I am fuming with anger – boiling anger.

I have long suspected that I am stupid. I just did not know that it is a fact that is clear to everyone.

The government of my country, the country I love, the country that I thought is looking out for me, is screwing me up. In broad day light. With a straight face.

I am full of outrage.

Federal Reserve Chairman, Ben Bernanke and Treasury Secretary, Henry Paulson, went in front of Congress and as the camera rolled, the two handed over to members of the Finance Committee three paged paper and demanded $700 billion dollars.

And they want it by Friday. No questions asked. Clean.

Otherwise…

They want to use the money to bailout the financial institutions that got the country into this economic mess in the first instance.

Members of Congress asked that executives of these failed institutions have caps on what they make. That is, instead of the usual $34 million dollars a year, let them make something like $10 million. Bernanke and Paulson said no.

Congress asked the duo what is in the $700 billion dollars for the five million American home owners who are at risk of losing their homes. Bernanke and Paulson said nothing.

They want $700 billions dollars by Friday. No questions asked. Clean.

Otherwise…

Congress demanded to put in place a system of oversight. They demanded to know who would be responsible for the money and how it would be accounted for. After all, the money in question is more than the entire budget of any one country in the world with the exception of Japan, Germany, France, United Kingdom and Italy.

Bernanke and Paulson said no oversight needed. Trust us.

Yeah. Like we trusted them and they stayed on the wheel until we got to the edge of the cliff.

Bernanke and Paulson will not guarantee any protection for the American tax payers. They will not entertain any talk of alternative plans. They will not hear of any suggestion to alter bankruptcy laws that might help homeowners in trouble.

In my whole life, I have never seen this kind of contempt for the people. And I have lived under many African dictators.

The duo is now threatening Congress. They are suggesting that if the country goes into Depression because Congress refused to act by Friday, their hands are clean. The blood will be in the hands of Congress.

Well, I got news for them. Blood is already flowing on the street. People are shooting themselves in front of bank repossession men who came to kick homeowners out of their homes.

I am sitting here watching. I am thinking to myself, am I dreaming? Is this real or what?

Bernanke and Paulson have the audacity to make this kind of presentation in front of we, the people. And we are not outraged. Obviously, we must be stupid.

I am here pulling my hair out. Isn’t this the same kind of audacity that George W. Bush used to force most of Congress and the American people to support the war in Iraq?

The lame duck tarnished president also came out of hiding and warned Congress that the world is watching.

When did Bush begin to care about the world?

I have always known that I am stupid but no one has ever stood in front of me and called me stupid.

Until now.

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1 Stars
Oscar
Oaxaca, Mexico
Sad, but real..I am angered as well. As an educated Mexican, married to an American, I could make much better money and live a much better life living in the U.S. LEGALLY, but I chose to give to my country, try to make changes, hoping one day it would be better for my children..I thought if people like me bore the brunt work of creating change, our children, could live in Mexico with their children and be PROUD, safe, and secure..We are beaten down by corrupt governments, it is extremly difficult to get any type of loan as you need 30-50% upfront and then incredibly high intrest...
In the end, I heard illegal immigrants were gifted these mortgages, now that there is no work, they are returning to Mexico as they are unable to pay.
1 Stars
Rudolf irokoproductions.com
New York, United States
The intelligence agencies briefed Obama, McCain, Biden and Palin. They were told the situation is worse than the world knows.

McCain came out and suspended his campaign.

Palin came out and said another Great Depression is coming.

These people have us all screwed. Big time.
1 Stars
I watch this news unfold, and I shiver.
1 Stars
Rudolf irokoproductions.com
New York, United States
It is sad.

The fraud is big.
1 Stars
Grace Calderon
Quezon City, Philippines
And I am outraged, too. Philippine prez just had a hurried meeting with Paulson and Bernanke. The insurance system funds for government employees here may have sunk with Wall Street.

And I am stupid, too. Because I didn’t know (like the rest of us) that our government has $36B in foreign reserves that are now in jeopardy.
1 Stars
Rudolf irokoproductions.com
New York, United States
Grace, listen to this:

A commentator said China holds over one trillion in U.S. debts, treasury bills and all what not. But that China is stuck with it because the only thing China could do that would hurt America would be to ”cut its throat.”

I swear. That was the exact word - cut its throat.

They figured it all out and screwed us all.

To have people who hated socailism so much lining us to act as socialist is the most scary of all things.

Meanwhile, they did not say $700 billion will solve the problem.

Just another gamble. A maybe..
1 Stars
Theodore
Hollywood, United States
Bernanke and Paulson will not guarantee any protection for the American tax payers but they will definitely bail out corporate bosses. I believe Paulson will be given immunity from investigation and possible prosecution if some of his policies backfire, like Rudolf said, the dice ditches in the gamble.
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