I am totally against the bailout because if we bailout these corrupt and incomptent finanical companies we are going to have to hear how capitalism worked.  Capitalism doesn’t work and the instituions should all go under to demonstrate it.  Use the $1 TRILLION for things that will actually help people — a NEW NEW DEAL.  Let’s start rebuilding the infrastructure and investing in the future by restarting the manufacturing industry in the country.  So-call “free enterprise” have eliminated virtually all of the manufacturing in the US.  It has shipped millions and millions of jobs to third world countries.  It has bankrupted the country.  The US should default on the national debt, create a new dollar, and start the country over.  There should be safety nets and services like health care for all Americans.  America can emege as a democratic socialistc system where the people actually matter once again.

The Presidential election may turn on the less educated demographic which is particularly scary and ironic.  These less educated group are religious people who believe in magical thinking.  Palin is their hero because she thinks hunting is important, didn’t have a passport until last year, and barely got through college.  No wonder the Republicans are against education — they don’t want to lose their base.  People who have college degrees are overwhelmingly for Obama.

With the news of the last two weeks, there should be no question that America is Doomed.  As Bush went on TV last night explaining that his administration has brought the American economic system to the verge to “total collapse”.  Total Collapse?  Putting it another way Bush was saying that the experiment with lassez fare capitalism has failed.  You can’t trust capitalism to even protect the system that so many used for their own selfish and greedy purposes. Treasury Paulson the former CEO of Goldman Sachs who made millions on what he calls “toxic instruments” now wants to deploy the very same people who caused the problem in the solution.

By the way, the democrats in Congress are no better as they fall over themselves to approve the most outrageous, expensive, non-solution to the true financial crisis in America.

There are still a few gigantic elephants in the room.  Bush only spoke about collarized debt obligiations (CDO) which is just one aspect of the problem — the only aspect that is being handled in the Bailout plan.  There is another even more serious problem — Credit Default Swaps (CDS) which are derivatives that total $60 TRILLION that are totally unregulated.

Another elephant is the national debt that will ultimately be the financial crisis that is without solution.   As the national debt goes up and the dollar goes down, inflationary pressures will result in higher interest rates.  Higher interest rates will cause more of the tax revenutes to go to paying interest on the national debt.  Meanwhile, the national debt keep increasing.  At some point, the game is over.

The Republicans McCain is sick and Palin is not ready to be President.  This ticket is a joke to any thinking person.

America is doomed.

One of the final chapters in the America is doomed scenario is when civil disobedience is used because the government fails to act.  Today, Al Gore suggests such relative to Global Warming.   I predict that others will call out for civil disobedience as well.  Perhaps, the issue will be lack of health care or financial chaos.  I don’t really know.  I do know that if America does not change to have more concern about the people who live here, it is doomed.

Just read several articles about John McCain’s left eye.  It has started to act differently than in months past.  Also, McCain now has a new makeup person ($5000 a pop) apparently to cover up new issues on his skin.  I would not even mention such things if it wasn’t for the fact that McCain has NOT RELEASE HIS MEDICAL RECORDS.   A couple of months ago he released portions of his medical records (1200 pages worth) for 3 hours in a highly restrictive environment.  Otherwise, McCain refuses to release them.  This is just plain wrong.

Now, there is reason to wonder if  McCain may either be sick or getting sick.  Meanwhile, Palin still will not take questions from reporters or hold a news conference.  McCain doesn’t seem like the “Country First” kind of guy to me.