700 Billion Bank Bailout Passage, Won't Work.

The International Institute of Nonviolence

News&Opinion

By: Rev. Jermano

The 700 Billion bank bailout is not going to work. The problem is in the Congress and Senate who are willing to strap more debt repayment onto the American taxpayer, which is already at an all time high. The Iraq War has cost nearly 2 trillion dollars, and that fee does not include the Militaries annual budget of 2 trillion.. That is a whopping 4 trillion dollar debt without the 700 Billion dollar bank bailout.

We might as well call the bailout a trillion dollars because 1000 billion is 1 trillion dollars....so what is a few 3 billion less mean? Not much....So add that on to the 4 trillion Americans owe for the war.....we are now looking at 5 trillion in US debt.

I don't know about you but that is pretty fantastic amount of money that the Congress and Senate are forcing Americans to eat......for their lies and mismanagement. Many Americans did not believe in the War in the first place....so they are making Americans who were against the war pay for it.....And it hasn't stopped terrorism in the world.....In fact terrorism is on the increase....

This is not taking into account that many Americans believe 911 was concocted by the Bush Administration who executed the plan....in demolition style killing thousands of Americans and blaming it on terrorists to wage a phoney war on terror in Iraq.  Frankly the Bush Government has no creditability. Nancy prop it up Pelosi is really a sellout to the Democrats in which she has been a purveyor of Bush's lies and crimes by not supporting the impeachment process due to much evidence to the contrary.

Staying in Iraq is not going to assure Democracy in the region, because the problem is they always point to is Iran, and now Russia who supports Iran, and China who also supports Iran.....Staying in Iraq will only assure another 50  to more years of the same expanded conflict that Israel and Palestine face...except now with 3 more different cultures, Sunni- Shiitties- and the West all wrangling against each other. Might as well say the Shiittes are supported by Iran, and so the West or America has no friends on either side of the Sunni or Shiiltes State formation.

Neither Presidential Candidate is offering anything solid to solving the problem. They offer increasing the FDIC guarantees from 100,000  to 250,000 so deposits are insured...to try and get people to deposit in their failed banks.

But we must remember those very banks are the guys who gave money to the Military and helped finance the fake war on terror.

Americans are not going to take it... Individual Americans have filed personal bankruptcy for much less, and do you think they are willing to allow the government to strap more debt on them that they desperately don't want? The Congress and Senate are in a state of denial, that their jobs are on the line.....and mark my word the American people are going to remove them all from office.

They want an end to this war and a cut back on the military. Once this hemmoraging has stopped people can think more towards a brighter future...With the 700 billion dollar bank bailout proposal to save the markets will do absolutely nothing to stop the debt...with the protracted more military spending that McCain has in mind.

No matter how you look at it....it is bad news......until they stop the war...If they stopped the war, and said no more spending on that, the markets would change over night. Bailing Banks before Homeowers and their individual bankruptcies; will only make the American people more angry toward Government, and less will happen on the markets......in which the banks may get some money; but it will be like trying to build life rescue boats from the furniture on the Titantic before it finally sinks.

The only real thing they could do would be to forgive the debt for the War and the Housing Crisis and start out with a new plan....that takes into consideration the money they owe to other countries such as China.....At least that would be a step in a positive direction.

We know the debt is to heavy and enormous to go with...So politicians need to do the math that does not rescue Banks, but rescues America and its 5 trillion dollar ball and chain.

The next vote of confidence will come when they prosecute those responsible for the war lies, 911, and the phoney Bank securities they were selling. It doesn't take a rocket scientist to see that banks saw this coming and the Government has been lying to us all since the Reagan Administration when he had over 2000 banks collapse on his watch as President... Strong vibrant economy my third eye....

They sold packaged risks knowing they had no value, and in order to get more liquidity flowing to their banks they sold homes at inflated prices to people who had no jobs to pay those notes.....knowing all along they would package the risk the same way and build a false housing assessment of worth..

They needed to do it because of their massive spending on the military and supporting the fake war on terror.

So whatever they think they are getting....they are getting really nothing but more debt, until they change for prosecution of those responsible and ending the war. This is a Political Creditabilty Crisis and they need to pay the piper...

http://news.yahoo.com/s/time/20080930/us_time/thebailoutdefeatapoliticalcredibilitycrisis

Rev. Jermano