Government morons singing the Hank Paulson blues.

President Bush, Obama and McCain and most of the Congress and the Senate all sang the Hank Paulson blues to America. The 700 Billion figure was just a figure pulled out of thin air because they did not think they could sell over a trillion dollars to the American people. At first they did not have the votes but then they added $150 billion in pork to buy the votes they needed. Now Paulson is taking the money and doing the exact oppose that he said he was going to do with it. Much of the money was given to a few bank who did not need it but had no choice but to take it. On the one hand they are telling these banks that they forced to take money to tighten up there lending requirements and on the other hand they are saying they need to lend out more money. The 46 Billion loan to AIG is now up to $150 Billion. The Fanny May Freddie Mac bailout is going to cost much more than they ever let on.

There will be hundreds of hands out for the remaining piece of the money pie. Taxpayers will be given the choice to make more money pies or lose their jobs. The bill to the taxpayers in any case will probably exceed two trillions dollars and that will not include the cost of falling government revenues in a recession. Then the government thinks they can finance trillions of dollars in additional debt to world suckers at less than the world inflation rate? More likely the government will be forced to just print additional dollars to pay the debt which will make the dollar crash like a rock bringing the U.S. a much greater financial disaster.

This is what happens when Americans let government morons try to manage things like they actually know what they are doing. If these people had any brains to start with they would not be working for the government. Now Americans will put a President in place who wants the government to manage just about everything ranging from health care, to energy, to climate. It seems to me the American people deserve the Demented Delusional or Dumb Club Award for knowing nothing, being the most gullible people on earth and trusting their own future to these morons running the Federal government.

Hank Paulson, naked emperor (OneNewsNow.com)

The White House says: “We’ll just trust our treasury secretary to implement the program.” President Bush insists “government’s role will be limited and temporary.” Meanwhile, Democratic Rep. Barney Frank is shrugging off the lack of bailout disclosure by both the Federal Reserve and Treasury. But as I reminded readers before this latest bait-and-switch admission, Hank Paulson is not to be trusted. I repeat:

This is the man who proclaimed the subprime crisis “largely contained” in April 2007; “near the bottom” in May 2007; and “largely contained” again in August 2007. This is the man who pledged that he had “no interest in bailing out lenders or property speculators” in October 2007 and couldn’t “think of any situation where the backdrop of the global economy was as healthy as it is today.”

This is the man who patted himself on the back for refusing to “put taxpayer money on the line” to rescue Lehman Brothers on Sept. 15 — and then turned around the next day and engineered the $85 billion taxpayer-funded bailout of AIG. This is the man who vowed he had “no plans to insert money” into Fannie Mae and Freddie Mac — and then turned around and committed $200 billion in capital and credit lines to those corrupt, bloated, crumbling institutions.

This is the man who declared that “the worst is likely to be behind us” in May 2008.

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