Kavmerica.com

In case you don’t already know, the bailout is a joke… on you. Thus far none of the $350 million Congress has released has gone home owners. Although that shouldn’t be a surprise when you consider the man who is running the bailout program, Henry Paulson, worked on Wall Street before coming to Washington. He has made it a priority to make sure his cronies on Wall Street got their fill at the US tax payers expense.

Want some of that bailout money? Too bad you’re not a bank cause the form to request the money is ridiculously simple.  Just two pages that you need to fill out, see for yourself: Bailout Application

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Over the past century there has been a discernible shift in the way we invest in companies here in the US. Gone are the days when people invested in companies for the long haul. Short term investing has increased almost exponentially in the past decade or so with the rise of Internet trading. Just about anyone these days can sit down at a computer and start trading within a few minutes or so. A few minutes later they can sell their first trade back and attempt to profit on that spread.

Companies traded on Wall Street have become very attuned to this fact and have shifted their business models to generating as much short term return as possible at the expense of long term stability, customer service, and long term growth. This has help lead the economy to the point where it is on the edge of collapse.

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Well Congress has spent the first half of the $700 Billion dollar Wall Street Bailout in just under 80 days.  That’s $350 million in 77 days if you’re really counting.  What have you gotten out of it so far?  Did anyone help you out with your mortgage??  Maybe they helped you out with your bills???  No your tax money was given to poorly run businesses operated by greedy executives earning million dollar bonuses.  Somehow your local members of Congress thought that was fair.  Then again those big corporations donate huge bucks every campaign cycle…  How much did you donate?

Little to nothing has been done lately to stem the tide of foreclosures here in the US.  These financial companies that you hear about are in rough shape because people are defaulting on their mortgages.  Yet nothing has been done to get to the root of the problem.  If you stop foreclosures then a lot of the other problems go away.  The financial companies benefit  because they don’t have to deal with foreclosing on the houses.  They get their money from the homeowners, like it should be.  Instead the bailout has cut the homeowners out of the picture.

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