What a shame!

I know you think I am referring to Egypt, but I'm not. Although there is much to be thinking about when it comes to the events in Egypt. No, I am talking about the end of the Free Enterprise system by the Fed rigging and inflating the stock market artificially, where there is no connection to the reality of the real economy.

Look around you. See how many businesses have their office spaces For Lease. Look around you and look at the Food banks and the unprecedented demand of the new poor who were once the Middle Class strength of this country. Look at the compromises the President made to allow for tax cuts for the wealthiest 1% of the population causing almost a Trillion dollars of more debt to the mountain of debt which has piled up over the last 30 years since Reagan. Yes, that's right since Reagan, since we are now reminded that yesterday would have been his 100th Birthday.

Yes the stock market is rising and many believe they are wealthier and maybe they are temporarily, but the day of reckoning is ahead of us for no good reason other than the fear of what would happen of the Fed didn't pump up stocks.

What a shame!

The message of the AIG story being lost

The issue around AIG bonuses is a relatively small one. There are several facts being lost here. First, it has been the Democrats who have tried to stop big bonuses for any company needing funds from the government. It has been the Republicans who have been outraged that the Democrats are doing this. Yes, there was a problem because Treasury Secretary, Tim Geithner, decided that it was better to pay these bonuses rather than face a possible lawsuit from recipients of those bonuses.

So what is important here is that huge bonus payments to companies receiving Government funds will stop going forward. You can thank Democrats, not Republicans. They want to blame Geithner and Sen, Chris Dodd for this embarrassment be we know their hearts have been in the right place where the Republicans have been hypocritical as they have supported these people getting their bonuses and not interfering with the Free Enterprise system.

Capitalism has failed and so should the Republican's mantra

With the bailouts of Freddie Mac and Fannie Mae yesterday, and the recent bailout of Bear Sterns, there is no Free Enterprise system. We are slowly becoming a socialist state without the benefits of socialism for the general public such as healthcare for all. Discussions this morning on CNBC focused on whether the next sector to get bailed out would be the Auto sector or the Airlines. The guests said that the Government has already partially bailed out the auto industry giving about $40 billion to bring it back to life.

Do you know what a bailout really is? It is when the Federal Reserve prints more paper money. They have the printing presses and all they have to do is start them up and run the machines as long as they need to generate cash. What the effect of doing this is, that our real net worth as a country drops, our currency can't buy what it use to, and we are poorer as a nation. It may look as though you still have so many dollars in the Bank. But the result of printing more money is that outsiders want more dollars for their goods and that causes inflation to rise.

All this is a result of the last 8 years of the Bush/Cheney Administration and the Republican brand of government. What ever happened to letting bad investments fail? Oh, I know as long as those investments belong to the middle and lower class, it's OK if they fail. But if those investments belong to the wealthiest of Americans and Corporate leaders, we have a duty to bail them out using our tax money to pay for the bailout.

Shame, shame, shame!

The Free Enterprise system isn’t so free as the Republicans claim, is it?