The Slaver Bailout Plan of 2008

So the Dow hit a record low for the decade just a few moments ago, taking us back to numbers which haven't been seen since the Clinton era. Personally, I think we are near the bottom, but jeez... who can really tell?

Of course, this crash is happening in the middle of the largest bailout of corrupt businesses and corporate greed in the history of the United States. Having already spent almost half that 700 billion in two months, Americans still haven't seen anything. Jobs are not being created; they are being lost. Credit isn't being freed up, or at least if it is, very few are getting sucked in. Rates are the lowest they've ever been, but Americans are too in debt to take on more debt.

Once again, wisdom is proved by all her children. The solution to America's credit crisis was never more credit, cheaper credit, and easier to attain credit. You don't fix credit with credit. Ask anyone who is busy rolling around card debt from lender to lender to squeeze out an extra $20 bucks per month. It's a miserable place to be, I know from experience.

Tennessee is suffering. Because we don't have an income tax, we depend on sales tax revenue. Other states are hurting too because much of their budget is based on sales tax revenue. But what can you do when there are no sales? Free up credit? Further strangle our nation in a choke-hold of debt? Print more money?

Your government's solution was to bail out the slavers, not the slaves. To reward corruption and greed with billions of your children's tax dollars, ensuring that your children will also be slaves. Since passing the slaver bailout plan, the United States government has experimented with three different ways to spend it. None of that has your best interest in mind because it doesn't add a penny to your pocket; it just makes it easier for you borrow a penny from theirs.

Once again, all this money that is going to banks to erase invisible debt would have been better placed in the hands of working Americans with real debt. They sold invisible money; Americans acquired real debt. The slavers got caught with their hands in the cookie jar.

We are running out of both time and choices. If you subtract the illegal immigrants and the population of Americans under the age of 18, then remove all non-working and un-taxable Americans, you'd be left with well under 200 million people. Divide out that 700 billion dollars (which by the way is ours) and you'd have a stimulus package totaling around $13,000 for my family of two working adults. That's a bailout ladies and gentlemen!

$13,000 of additional income to liquidate debt, to pump into the economy, to boost the Tennessee sales tax revenue, to invest in the markets.... the possibilities are endless. The government could have put requirements on the money-- forcing all working Americans with debt to put their full stimulus package toward their debt. And non-working Americans and illegals? Well they should have never been given credit to begin with. Let the slavers suffer. This action would have created liquidity-- and given real capital for the slavers who were responsible in their lending as their working slaves climbed out from under their clutches toward financial freedom.

Instead they chose to keep us slaves. And the ones that hurt the most? Working Americans. It's time for action, people. Are GM and Ford going to fail whether we bail them out or not because they have demonstrated the failure to make wise choices. We don't have to go softly into that goodnight. Write your congressman. Tell them they've rewarded quite enough stupidity, ignorance, and greed for this lifetime, and the next.