What Now, Oh Great Leader?

Face it, America, we're screwed. Not that I feel like purveying gloom and doom to those who read my blog. No, that has been done very effectively by the economy and furthered by the idiocy of the current leadership of our state and nation.

The entire world is on the brink of disaster, with war on the minds of many countries, as Obama tries to "make nice" with them. To many he's seen as a brilliant speaker and a non-issue, the same as he was on the campaign trail ,when he caught the fancy of so many idealistic voters. It's telling when the glut of press reports out of a country he's in, are on Michelle Obama's clothing, rather then President Obama's speeches or actions. To the rest of the world, she's more interesting, I suppose!

The leadership has squandered out tax dollars effectively giving billions, leading into trillions of dollars of debt to companies who don't deserve a dime. AIG is just one glaring example of how handing out cash unfettered by proper and adequate regulation ends up feeding an alligator with fresh meat. When the meat is gone, he comes back for more, and all you have is the detritus he's left behind in the pond. That's what AIG has left for the taxpayers, my friends. If you don't know the word, it's what comes out of the other end of the 'gator. And, in the case if AIG 'gator, it seems to have a huge hunger and the poor employees and "little guys and gals" are whats getting squashed under the outflow. The executives are riding high on the head of the 'gator eating the fresh meat and probably will for the foreseeable future because while Washington talks tough, they don't follow through. Only on the little guy will they put the screws to them and ruin their life...not to the big guy.

Take Bernard Madoff for example. How did he get away for so long with so much? Didn't the Securities and Exchange Commission see something wrong there? Greedy people were the most likely explanation, as Ponzi schemes feed off those who seek high returns on their money in markets where the general rate of return just isn't all that great. The old adage "if it seems too good to be true, it usually is" always seems to be factual. In this case it was disastrous for all those investors. Madoff will likely die in prison with no enjoyment of his swindled money from here on in, but that's little comfort to those he screwed with his scheme. Then again, I ask the same question...why was there no watchdog at any level seeing this couldn't happen, especially at this level? Was the government blind or just turning a blind eye?

I have little faith in the current administration as I see it being filled with tax evaders and people who have had questionable pasts. Obama seems to draw these people into his circle and promote them to what could be their highest level of incompetence. Will this be the "peter principle" at work once again in Washington? We'll see soon enough as the bottom continues to fall out.

Obama will continue his tirade that all this mess belongs to Bush. And any success will be Obama's. You and I know that's a bunch of bull! Bush didn't start the housing crisis nor the meltdown on Wall Street. It was started by bad decisions in Washington, mostly forged by the Democrats and the illogical mantra that everyone deserves a house regardless of whether you can afford one or not. Push Freddie Mac and Fannie Mae into cramming low down loans down the banks throats to keep money flowing, and add in the liar loans, and here we are. Cities crumbling, and once prospering neighborhoods becoming ghost towns.

Nice work, politicians. You sure have done well in screwing America, haven't you?

Now What??

Well, once again, the big boys will get the gravy and the small fry will get screwed. Our government will haggle over pennies, while bailing out the big companies that have been pissing away the stockholders money for years, while pocketing the profits and stuffing their Brooks Brothers suits with hard cash.

AIG made a ton of money on your insurance policies and everything else so what the hell did they do with the money. Maurice "Hank" Greenberg was so damned smart and smug? If so, how did the company go down the tubes so fast after he left? You just can't take an empire that big and shovel it down the poop chute that fast, unless the underpinnings were already crumbling, and I suspect the keystone had already been yanked long ago!

Why should we, the taxpayers, bail out these companies who made so much money off the sweat of our backs? They took and took and made money off of us, and now want us to roll over and pay more taxes to bail their asses out because they can't manage their own problems. Same with all the whining homeowners who have the liar loans. They knew they couldn't afford the homes, and yet they did the mortgages anyway. And the bleeding hearts want us to believe it's not the fault of those who took out the loans? If they were so damned retarded as to not understand the terms of the loans and the risks, they should have been given Thorazine and not a mortgage! Once again, how many countries do we know of that you can f**k up royally, and then say I don't know, and get rewarded for it by someone eating the cost of your idiocy? Next thing we'll be rewarding idiots who shoot people because they didn't know the gun was loaded! Carlos Mencia, are you listening? Here's your next show!

It's going to get worse before it gets better. Those of us who entered into mortgage contracts and worked our ass off to have a decent home, one we could actually afford while feeding and raising a family, pay our mortgage and bills, are pissed off at having to now pay someone else's mortgage as well, because they're stupid and/or greedy. As above stated, if you can't figure out that you can't afford a half-million dollar home on a burger flippers salary, you're an idiot. Nobody needs to explain that six bucks an hour is not going to pay a two thousand dollar a month mortgage now, or in 5 years, and you're not going to get enough raises at the Burger Barn to cover the mortgage in your lifetime either.

And, if a real estate or loan person enticed you into thinking you could afford the house, they should be publicly castrated, and then drawn and quartered in front of their own real estate office, bank or brokerage. Because they're worse than an idiot, they're vermin that preys on idiots like a cancer, and should be eradicated. If only there were a vaccine against such filth!

But take heart, middle class America. There is a light at the end of the tunnel. With any luck, it won't be a runaway locomotive coming at us ready to crush the rest of our hopes and dreams, nor will it have that dumb "O" symbol on it either. Isn't that for Overstock? I think it's also become the symbol for the new democrat candidate as well. Obnoxious?