The monkey story below pretty much explains the wall street bailout - but the Obama's "stimulus" is even worse... It is Worse Than Doing Nothing!!
The Senate is voting TODAY at 5:30p EST to invoke cloture (60 votes needed) and proceed to final vote on the still-bloated, wrongly constructed Spendulous bill. President Obama is forecasting an irreversible recession if Congress fails to pass his "economic recovery package." Obama's "stimulus package" will do far more damage to our economy than doing nothing. This new bailout will quickly drive our nation deeper into recession. Inflation will skyrocket and money will be worthless. There will NOT be more long lasting jobs created; there will only be more money wasted and more debt and higher taxes for us, our children, and grandchildren to payback.
"'Stimulus' spending often does more harm than good, because it takes more money out of the system than it creates and thereby destroys jobs and leads to stagnation and diminished prosperity for all." --former House Majority Leader Dick Armey
The blame for economic woes rest squarely on the shoulders of the true culprits: gutless politicians, greedy lobbyists, and The Federal Reserve System. It was The Fed—not the free market—that allowed ambitious bureaucrats and politicians to pull the strings of our financial sector, manipulate the value of money, and plunge our economy into crisis. Will our Senators continue to be gutless and let this porkulous pass or will they listen to America? What is truly sad is we know a sure way to fix the economy, it's actually very simple - lower taxes & let Americans have more of their money to do what they do best - innovate and come up with new jobs - let the free market soar.
It worked with Reagan -
"For many years now, you and I have been shushed like children and told there are no simple answers to the complex problems which are beyond our comprehension. Well, the truth is, there are simple answers -- they just are not easy ones. The time has come for us to decide whether collectively we can afford everything and anything we think of simply because we think of it. The time has come to run a check to see if all the services government provides were in answer to demands or were just goodies dreamed up for our supposed betterment. The time has come to match outgo to income, instead of always doing it the other way around." --Ronald Reagan
- But even though we know the solution to our economic woes - Will the Senate listen to us??? Three Republicans (Collins, Specter and Snowe) are planning to join with Democrats and further bankrupt our country. I keep calling my blue Dem Senators daily - but to no avail.... I can't understand how they can be so blind??? This is really making me sick?
The Senate is voting TODAY at 5:30p EST to invoke cloture (60 votes needed) and proceed to final vote on the still-bloated, wrongly constructed Spendulous bill. President Obama is forecasting an irreversible recession if Congress fails to pass his "economic recovery package." Obama's "stimulus package" will do far more damage to our economy than doing nothing. This new bailout will quickly drive our nation deeper into recession. Inflation will skyrocket and money will be worthless. There will NOT be more long lasting jobs created; there will only be more money wasted and more debt and higher taxes for us, our children, and grandchildren to payback.
"'Stimulus' spending often does more harm than good, because it takes more money out of the system than it creates and thereby destroys jobs and leads to stagnation and diminished prosperity for all." --former House Majority Leader Dick Armey
The blame for economic woes rest squarely on the shoulders of the true culprits: gutless politicians, greedy lobbyists, and The Federal Reserve System. It was The Fed—not the free market—that allowed ambitious bureaucrats and politicians to pull the strings of our financial sector, manipulate the value of money, and plunge our economy into crisis. Will our Senators continue to be gutless and let this porkulous pass or will they listen to America? What is truly sad is we know a sure way to fix the economy, it's actually very simple - lower taxes & let Americans have more of their money to do what they do best - innovate and come up with new jobs - let the free market soar.
It worked with Reagan -
"For many years now, you and I have been shushed like children and told there are no simple answers to the complex problems which are beyond our comprehension. Well, the truth is, there are simple answers -- they just are not easy ones. The time has come for us to decide whether collectively we can afford everything and anything we think of simply because we think of it. The time has come to run a check to see if all the services government provides were in answer to demands or were just goodies dreamed up for our supposed betterment. The time has come to match outgo to income, instead of always doing it the other way around." --Ronald Reagan
- But even though we know the solution to our economic woes - Will the Senate listen to us??? Three Republicans (Collins, Specter and Snowe) are planning to join with Democrats and further bankrupt our country. I keep calling my blue Dem Senators daily - but to no avail.... I can't understand how they can be so blind??? This is really making me sick?
Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.
He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers: "Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how theWALL STREET BAILOUT PLAN WORKS !!!!
It doesn't get much clearer than this................
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