Thursday, July 30, 2009
Rant
This "faceless" meltdown was brought by the same people charged with correcting it. We need an American Revolution 2.0. Too many people are at the end of their rope, and not just those losing their homes, this has gone much further than losing the roof over your head that you all overpaid for. Without the TARP the S&P would be trading 300 and this country would be defuct. We gave them billions to "re-lever" their holdings in the market and the fed leaves rates at zirp, but this does little for the American taxpayer who is on the verge of losing their job. Revisiting the past as this comission plans to do is a waste of time. We need to throw those in power out, and start fresh. There is no use in throwing anymore good money after bad. Despite the rally in stocks, we are still on the verge of collapse. Only 2 million foreclosures this year, 3 million next, and estimated 12-15 million by 2012. The cram down is not an answer, changing contract law is to adapt a fundamental function of society to control an emergency. We need real change, we need marches, riots even, or else is Obamageddon 2011.
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