The Uproar Is Heard
The news says: “In the face of thousands of phone calls and e-mails fiercely opposing the measure, many lawmakers were not willing to take the political risk of voting for it just five weeks before the elections.
The bill went down, 228-205.”
Bad timing boys. You should have broke the news three months ago.
Why did this bill go down? “We’re all worried about losing our jobs,” Rep. Paul Ryan, R-Wis., declared in an impassioned speech in support of the bill before the vote. “Most of us say, ‘I want this thing to pass, but I want you to vote for it — not me.’”
Yeah, this is a hot potato no matter how you mash it.
But here is some bad stuff.. “The Fed, which has been providing billions in short-term loans to squeezed banks to help them overcome credit stresses, could keep expanding those loans to encourage lending. And, it could keep working with other central banks to inject billions into financial markets overseas.”
It’s bad enough billions are going into financial markets overseas — but all this is funny money, Monopoly chits. Every dollar spent is a promissory note that you and I - not to mention our kids — will have to back up and pay back. If you are laughing because we’ll be paying off these loans with money that is only worth half as much I prophesy that you will be laughing out the other side of your face when the rest of the world realizes the good old American dollar isn’t worth a plugged nickel any more.
You’d better be looking at the changing prices in the world around you. Staples that once sold for a dollar are now $1.15 to $1.29 In some cases the price increases are cleverly concealed. For example, a one pound box of my graham crackers once sold for $1 Now the price is $1.09, BUT, the box only weighs fourteen ounces now.
For those of you more than ten years old, memories of dollar a gallon of gas come in handy here. to explain what the future will be like. Here’s how the prices advanced sideways. Pump prices were hovering at .95 a gallon for months — then it shot up to a dollar ten. Shock, oh, we were shocked! And the price dropped down to .97 a gallon. At the next holiday the price went up to $1.14 — and then dropped to $1.03 and that was the last time I saw gas for under $1.00 per gallon. Shock em, stick em. Shock em some more, stick em even deeper.
We’re like frogs sitting in a pot of water heating up on the stove. We may be alarmed a few times when the incremental increase is too big, but eventually we will all croak.
We’ve been shocked by the $800 billion bailout price tag, but when it slides back down to $600 billion half those that called in to their representatives in Washington will not call in again. Politicians may have to drop down to $500 billion, but it will be just for the sake of appearances because softly and sweetly now the full price AND MORE will be slipped back into the package.
Mark my word.
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