You've Been Had

Obama said something that made a huge amount of sense, today, "the American people have been suffering long before Wall Street has." This couldn't be made clearer to the current leadership, who has devastatingly ignored the real problem that the U.S. was and is currently facing. All of this could have been avoided, but when the wealthy in this country are not effected, and the wealthy are so closely tied in with the political elite it is no wonder no one in the U.S. congress, the presidential administration, or the treasury couldn't accept or acknowledge the looming financial crisis that has slammed us hard.
It is worth noting that the current Bush administration has, since 9/11/2001, has governed with the drive of its own interests, committing it's political maneuvers to high level secrecy, without an ounce of regard for the American people and its well being. Now in an attempt to secure our financial crisis, Congress has made an attempt to shore up this crisis, by obliterating party lines, and seriously taking care of this matter once and for all. But, yet again, the Bush administration has not offered up any information regarding its approach to salvaging flailing Wall Street firms, and members of Congress are still in the dark, on both side of the aisle, to boot.
So, the U.S. Treasury is planning to buy up bad mortgages with a estimated value of 2 trillion dollars, and will implement a ban on short selling of financial stocks. The ban is a great idea, because it is definitely a Wall Street trait of abusing financial security and is representative of its ability to abuse the markets. This may work or it may not, but the point is that this was an administrative decision to put a proxy in place to shore up the crumbling walls of big financial firms on Wall Street, at the cost of the American taxpayer. Congress (in other words your voices in government), had no say in the matter.
With all the sympathy from Obama and McCain (not both Congressional members) about how much middle America is suffering and is in financial dire, yet the government insists on shoveling more money into failed business ventures, not because the failure was circumstantial, but because that failure was a product of cheating the American people out of their hard earned money, and the government blatantly wants to foster that with financial rescue.
It's not the smaller number of investment firms with larger amounts of financial debt, but the folks at the bottom end of the market, the taxpayer, the individual investor, the homeowner, who need the bailouts, and may make up a smaller dollar amount of the nation's debt. Yet the government wants to shove 2 trillion dollars into bad mortgages, that will undeniably force a raise in taxes for the individual American.
America's outstanding credit in 2006 reports by the U.S. Census shows that American consumers owe $2,405,000,000,000.00. The financial market's outstanding credit comes in at a whopping $14,129,000,000,000.00. Now I'm willing to bet that those numbers have since increased, and the ratio of difference has, if not remained the same, has also increased. And one could only assume that the best way to approach fixing the market is putting cash into the lower of the two, since it would be a more feasible strategy toward economic stabilization, and let the money trickle up.
There is no financial backbone in America. The value at the top is so ridiculously inflated, that Americans are not capable of reaching for a balance that isn't justifiably within reach. It is so inflated that practically is fictional and non-existent. Those who owe will owe forever because the final balance keeps moving upwards, and continues to be pushed away by the actions of the Federal government. Those who owe are losing jobs, losing investments, face mediocre salaries, and higher costs, and will await an increase in taxes. With that we are expected to pay back on ever-inflating balance sheets. How much more can we possibly endure?
How's this? Why don't all Americans withdraw all of their investments, and use the tax from that to dump back into Wall Street? There's really no difference between that and having to pay more taxes further down the road, which is money that could be placed into a thriving market's investments. This way we could benefit from a thriving market, and not continue to lose our money to bad decisions, and a corrupt corporate America, and government.