Some other thoughts to make you feel good about the bailout, Mr. & Mrs. Taxpayer.

When I turned on the news this morning looking for more information to fire at the fodder ( By the way Merriam Webster online defines fodder as; an expendable or exploitable person, group or thing) we know as the American taxpayer I managed to catch the moving headline quoting The Honorable Henry Paulson which said "This must pass quickly to avoid any more stomach wrenching financial news", well, thank you Henry. My best guess is one of Henry's or W's or Dick's friends or maybe Dick himself are on the verge of a major loss if this thing doesn't go through , like, right now. Part of my money is on Henry and his "past life connections", seeing that he is a former Wall Street deal maker, since people who have swam in the waters of that shark pool can never quite shake the fish smell off their three piece suits.

The Democrats are being vilified by the Bush people because they want to limit executive compensation when it's the executives that basically got their, you may notice I don't say we because we are the recipients of the screw job that's coming and not the cause, companies and our entire financial system into this mess. Had they not been consumed personal greed they would not have made the pitifully bad decisions they did. As it was explained in another blog, executive compensation, once set, leaves the option of incredible risk taking up to the CEO who gets paid a fortune whether his highly speculative decision pans out or not because the exit package with tens of millions is irrevocable. And what makes the situation even worse is that the bad decision doesn't leave the goof, who OK'd the disaster to take place, with any liability, financial or legal so as the blogger said, go ahead and throw the Hail Mary pass. I'm not nearly as kind as as the blogger, these guy's are nothing more than greedy pigs that are going to get away with financial murder, and our government is going to clear the pathway for them to get away.

Now for some good old speculation, because I don't think that the mortgage markets are the only place these guy's on Wall Street, have touched the American public. I'm just guessing they have been in bed in some way with the different funds and buy out firms that have dismantled our manufacturing base, parted out one viable corporation after another and sent the jobs to various emerging countries, more often than not for savings that have no effect on the end price of the goods being shipped back to the US and only for personal gain without cause or concern for the lives they have left in ruin. They have literally sacked towns across they country with plant shutdowns and are partly responsible for turning us into a service economy, which by the way sucks. In case you don't know, service jobs never have and never will equal manufacturing jobs in pay and benefits.

Now, I don't put the entire blame on Wall Street for the crisis in our economy, please don't get me wrong, trashing the financial structure of our economy is really bad but I also, blame the large corporations themselves for doing their part to crush consumer confidence, but in reality they all work in unison with one and other, that is Wall Street and the major corporations. My favorite is the Auto Industry, never modernizing their facilities until the burning barn was nothing but a pile of ashes. They have produced product that is so bad it almost rivals the junk coming out of the Chinese factories today and can't understand why they have lost market share at such an alarming rate. And even with the rising price of oil which directly impacts shipping and manufacturing they continue to send jobs out of the country which at some point will cause us to pay excessively for our goods and services.

I would like to see the government wait a while and give a complete assessment of the damages our country and economy has sustained through corrupt and inept management, so we don't have to endure another screwing for bailing out our industrial base right on the heels of being made a man the hard way by the financial markets.

Don't forget to check my other blog site. Just click on the link and it will take you there. Thanks for reading. http://www.theindependentpost.com/