Obama hails corporate bailout

The laughs keep on coming from inside the Beltway, and it is amazing to witness the once eloquent orator who now sits in the Oval Office delivering these lame, canned, empty sound bytes that elicit nothing but chuckles, smirks, and yawns. He lauds what he calls, in true Orwellian fashion, the “economic stimulus” that has stimulated nothing but vacation home sales in the Hamptons as the Wall Street bonuses have been distributed.

It is true that the stock market has rebounded, but that is always going to happen when the global bankers create a financial crisis that fleeces the ordinary investors so that they can buy the right stocks at rock bottom prices based on their inside information concerning who is going to get bailed out.

If you were to have $787 billion that you were going to use to help Americans, would you give it to people, or would you give it to Wall Street? If you divided that money between all American adults, we would have all got about $3627. A couple would have got about $7250. If you remember, this “crisis” had a lot to do with people losing their homes. That kind of money could have bought people some time.

I’m not saying that we are in favor of bailouts of any kind to anyone necessarily, and this is a deep subject. Why should my neighbor be granted a hiatus from paying his mortgage and get a lower monthly payment on my dime? People who were responsible wound up paying to bail out people who weren’t, and who knows how many of them actually wound up keeping their homes anyway?

“Cash for clunkers” was another travesty. Why should my tax dollars help to finance somebody’s purchase of a new car? I am all for the American auto industry, but let me tell you, GMAC and Ford Motor Credit have repossessed many a car in their day, and they don’t seem to think that not paying your bills is acceptable if you owe them money.

But, since the money was given away, why not divvy it up evenly? The bailouts have come and gone, and most of us have nothing to show for it except a smaller 401(k). If we are going to create money out of thin air and give it away, I want my thirty-six hundred bucks.