Mr. Disproportionate Response

So, with the wonderful new toxic asset buy-out plan is going into effect, we’re seeing some improvement in the markets. Just today, the DJIA made a 6% jump toward the green ink. That means that investors are happy and banks are happy and people are buying stocks because they’re happy. Why would they be so happy with this plan? Because they’re the corporate entities who pissed on their responsibilities and got us into this mess, and it’s the taxpayers that get all of the crap assets they’ve been having to deal with. As is pointed out by one man who won the Nobel Prize for economics, this is not exactly happy news.

Over at lifeaftertheoilcrash.net they’re having a lively discussion on the downstream results of this bailout. Rather than copy and pasting their great research, or re-doing all of the legwork myself, go take a peek. This crap just continues to go from bad to worse, and people keep LETTING their Congress do this.

Folks, these people are public servants. They work for you. They work for me. The whole REASON that your paycheck has a “gross” and “net” value on the paystub is that you PAY these people to REPRESENT your interests before the Congress. Is this really what you want? For your money to be spent away thousands of times over, to prop up the already-rich, who’ve already done a shitty job guarding our assets?

Let’s put this another way: The banks and Wall Street are bending the taxpayers over EVEN further, now. When they’ve bent us over a full 360 degrees, where does that leave us? Here’s a hint:

An average American, after being bent over for the new bank bailout.

Burn me once, shame on you. Burn me twice, shame on me. Bailout the bankers with my great, great, great grandchildren’s tax dollars, and I’ve stuck my head up my own ass.

EDIT: Okay, I’ve caught some guff from people over this post, and it seems that there’s a disconnect between what they’re reading and what I’m trying to say. Let me clarify. I’m not focusing on the bailout, the economy, or any of the number of things related, there. I included the LifeAfterTheOilCrash (LATOC) link for that purpose–the people over there are discussing this in much greater depth than I could cover here.

The point that I’m making is not the bailout or that it’s bad. It’s that it’s ANOTHER bailout. It’s that “We, The People” are letting it happen again. And again. And again. My point is that it’s gone from people obfuscating the true nature of what’s happening and tricking people, and turned into people just resignedly shrugging, saying “Meh,” and letting themselves, their countrymen, and their descendents for GENERATIONS to come get taken advantage of. The point of this entry isn’t that there’s shit happening. It’s that people need to be doing something about it. Call your representatives. Make some noise. Get angry. Don’t hold back because of the thought, “Well, I’m only one person, I won’t make a difference.” The point is that we’re ALL just one person, and that there’s 300 bloody million of us.