Thanks for Being a Good American

A billion dollars here. A billion dollars there. Seven hundred billion dollars for the fat cats on Wall Street.

The inflationary tactics of the Federal Reserve are starting to be really felt by the average person. Now the average person has woken up to what Dr. Ron Paul was talking about during his presidential run -- the chickens have come home to roost. While the Fed keeps the presses running at high speed the average American's wallet is lightened even faster and the rich bankers on Wall Street get closer and closer to having their mistakes shifted to us.

The Federal Reserve was created in 1913 by rich Wall Street bankers for this exact purpose. They needed a "lender of last resort" so that when their bad financial practices finally caught up to them they had the means available to foist those bonehead deals on to the unsuspecting taxpayer. The Federal Reserve Bank and the Federal Deposit Insurance Corporation are both means by which we, the taxpayers, get to pay the bills for private banks. Life is good in this "free" country isn't it?

So now, here we are in 2008, in the "freest nation in the world" about to bail out some of the biggest financial institutions in the world because they decided to play fast and loose with their money and their credit. They got in over their heads, racked up too many liabilities and not enough assets and now we get to bail them out. Stop and ask yourself this question: Who is bailing out the millions of Americans who ran up their credit cards, bought more house than they could actually afford, sought out lines of credit or equity loans on their homes to finance their extravagant lifestyle? Or, who is going to bail out the little guy who lives paycheck to paycheck and never really knows if he is going to be able to eat or buy gas the next day to go to work so he can continue to eek out a living? Who is going to bail out those people? No one gives a damn about the little guy. No one gives a damn about the person who believed the hype and bought in to the scam that the big bankers were pushing. "You don't need a down payment! Get a zero down loan! Bad credit? Shaky finances? No problem! Come see us and we'll get you approved!" I feel bad for the poor slobs out there who thought they were finally going to get their piece of the American dream because the bankers told them they had new "creative" means of financing their dreams. They bought into the lie and now have to pay for it. I feel bad for them but it's their own fault.

But the bankers, oh no, the bankers NEVER have to pay for their mistakes. They have the Federal Reserve Bank, the "lender of last resort", on their side! And the idiots in the United States Congress and that blow hard of a president backing them up! They never have to really worry about paying for their bad policies. The CEO's and other officers have it made in the shade. Even if they do get fired they still walk away with millions in severance packages and benefits "owed" to them.

We can sleep easy at night knowing that our Congress is doing right by us. They can saddle us and several future generations with trillions of dollars in debt that isn't ours to save the worthless hides of a few millionaires. Sleep well friends! Enjoy that nice comfortable bed while you can. Because soon we are all going to be out on the streets. But never fear. Those guys on Wall Street will still have their silk sheets and feather beds and their Cuban cigars and $2,000 bottles of cognac to keep them warm. You can rest well that you stepped up like a good American and bailed out those banking firms to "shore up the economy".