Where is the Outrage

Politicians and Wall Street are soaking the American worker and the passive trusting Americans just sit on their hands all meek and mild without a peep.

Democrats overstepped the boundaries of good stewardship of our economy by forcing lending institutions to loan to high credit risk borrowers. These ill-advised loans caused a market collapse that reached around the world. And what does the passive American voter do? He rewarded those who committed the greatest theft of the American treasury since our founding with a great election victory. How convoluted is that?

All the talk is about the big three automakers bailouts. Well, do these businesses need help? Yes, but not until they change their business model, the business model at the present does not work and the big three will soon be in the same shape they are in now even with a bailout if the model doesn't change.

The big three automakers problems have nothing to do with the sub-prime mess. But the sub-prime mess is exacerbating their problems.

What is lost in all of the talk of a government rescue is the cost to the taxpayers. The government does not have money. When they print money without collecting it from the taxpayer, it just dilutes the value of everybody's money so the taxpayers are on the hook for it no matter what they do. And in addition to the proposed bailout money added to the debt load of Americans, they are already paying a high price for the folly of the Democrats and the greedy Wall Street crowd. They have paid with their 401K savings. Most 401K accounts are down between 30% - 40%. The lost amount is in the trillions. It makes one ask the question, "Where did all of that money go?"

Market forces account for most of the losses, but the dollars lost by saving Americans was real. If your 401K was worth $100,000 at the first of the year is now only worth $60,000 now. That person has suffered a real loss. And now the government is adding to that misery with trillions in bailouts. Assuming a national population of 600 million people with a workforce of 200 million people, we can easily calculate the cost per worker with the 700 Billion dollar bailout passed by the congress. Dividing the 700 Billion dollars by 200 million workers comes to $3,500/worker. If the bailouts continue, the cost per taxpaying worker will be a lot higher. ---Still, there is no outrage!!

How hard is it to grasp that the Government has no income except that provided by the taxpayers. The Government produces nothing and can only redistribute the funds they collect from you. Obama is now talking about another 700 billion dollar stimulus. In real dollars, with the other recently provided bailout, it averages out to over $7,000/ worker. I will only amend that to say that the money will probably be borrowed and outright printed, but the American worker will still inherit the cost. The piper is hanging around out there and he will eventually collect his dues.

Already there are more government jobs than there are manufacturing jobs. The US treasury has only one place to acquire the money to pay these workers, and that is from the workers in the private sector. Should the government keep growing; the private sector will not be able to provide enough funds to maintain the system. Eventually, nationalization of private industry will have to occur. The government has to take over our industries and claim those profits for the burgeoning needs of those feeding at the government trough. And as the socialist movement squeezes the private sector out of the American scene, the American dream will die with it. The cycle will repeat someday as people get tired of the yoke of government burden. Again, they will cry out for freedom, and they will remember how Americans used to be free to make their own decisions. But in the meantime, we are allowing freedom to slip through our fingers.

The missing outrage from Americans makes the eventual loss of freedom possible. Ignorant passivity provides the fertile grounds for our spoiled masses to squander the great gift of freedom that we have enjoyed since our founding.

Cheers,

-Robert-