What's Another $50M?

Remember my rant a few post ago about bailouts. Let me throw more frustration your way. So we (that's right you and me the beloved tax payers) have given Citi 45 Billion dollars over the last year to "help them out". So one year ago the company was valued at something in the neighborhood of 260 billion dollars and now (1 year later) is valued around 19 billion dollars. Let me do the quick math....so without our money Citi would be worth around -26 billion dollars. Yes, that's a negative number in front of the number 26. Does anyone in government understand when something is crashing as hard as Citi was and is, you cannot stop it? It has to hit the bottom first before you know what you’re dealing with. You need to invest money in companies that are getting ready to do well not failing. There is not enough money in the system to help companies like this. We have blown $45 billion dollars. Our kids are going to have to pay for this. Check this it. Just when you think the Wall Street folks have dropped to a new low the below article is released. Are you ready for this.... brand-new $50 million corporate jet. Go ahead ready the below article. http://www.nypost.com/seven/01262009/news/nationalnews/just_plane_despicable_152033.htm

If this doesn't throw you over the edge I have no idea what well. So once again who is to blame? The Gov. will probably blame the banks. As for myself I blame the Gov. (supposedly the smarts minds we have), for giving Citi the money. Once again remember the words, must act now, hurry....no time, if we don't do something now who knows what might happen? Remember all these things our Gov. was telling us?

Now they want to do another $825 billion dollars stimulus package. Why do they think speeding money will work? It does not work. Watch the below video of Nancy Pelosi. Family planning service is going to stimulate the economy? There is no mention of creating jobs to help stimulate the economy. Let's give more money to food stamps and unemployment? She should just say, you cannot do anything without the government, so don't worry about being successful or prosper to a higher livelihood, you should be happy you’re getting food on your table through food stamps.

I encourge you to watch the entire video on ABC

So Nancy thinks increasing funds for food stamps and unemployment is the answer. One other quick note. According to Nancy spending more money will "reduce cost"? What are you talking about? That's our Gov. at it's finest. Spend to save money. How about getting rid of programs that don't work and maybe you could fund ones that do. She also mentions she is not getting rid of the tax cuts. What? I thought tax cuts were bad? So what does this mean? A. Our Gov. is so proud they cannot admit when something works if it's not from their party or their plan. B. Our Gov. is so lame that when they know something isn’t working they won't do anything about it? C. Our Gov. has absolutely no financial responsibility and doesn't know what works and what doesn't.

I ask you who read my blog (all 5 of you) please do not let these people get a hold of our health care. They have almost taken over the banks and are making thing even worse. The Gov. doesn't have the answers, only hard working Americans like you do. Only through hard work will we keep this country afloat. There is no easy way out and I can guarantee you throwing money at everything will not work.

One more thing....if your looking into buying a house you will want to do it really soon. If you own a house make sure your on a good fixed rate mortgage, because rates in a few years will be at 10% or higher the way this is going.