Yes, we've been had. Taken. Bamboozled. This is a buyout plan, for the well-heeled Wall Street cronies of our dysfunctional "representative government," so they won't lose all their accumulated wealth after having shared so much of it with the Washington crowd, in support of their campaigns. If you do the math, there is no way "We the People" will ever be able to even pay down the principle debt in any of our lifetimes or those of our children. So stop all that drinking and start thinking.
I agree with much of Mr. Hague's comments [below], particularly with respect to rescuing the homeowner. With respect to saving the country, I suggest that, first, we must freeze all assets of the people who perpetrated this con, particularly those in decision-making positions. That would send a message that the actions that have brought this great nation to the point of near-collapse are tantamount to "economic terrorism" and will not be tolerated at home or from abroad (many of the players from the dot.com craze are now abroad, e.g., Dubai--where Bill Clinton had to divest $40m during his wife's primary run).
I also recommend nationalizing the energy sector, at least the major companies, because they owe us (the Exxon Valdez oil spill, price-gouging, global warming... and we still haven't seen the minutes from Cheney meeting with them at the beginning of this administration), but mainly because they hold such a sway over the American economy and because they are one of the few industries we have that is still turning a good profit. We need that profit right now, to start paying off this debt, and if that isn't a good enough reason, then think--if we take them over now, particulary, say, Haliburton, Dick Cheney's stocks will be worthless when he finally leaves in January. That should be worth a try anyway.
Sep 20 2008 - 2:11pm