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Very good reading!

I'm Jus' Saying...

Inspiriation Lyrics of the DAY!!

  • Inspiriation Lyrics of the DAY!!
    I Believe

    I have my mansion now, Oh
    I Believe, I Believe, I Believe
    I'll have me mansion now, Oh
    I Believe, I believe just what he said


    I'll do all things through Christ, Oh
    I Believe, I Believe, I Believe
    I'll do all things through Christ, Oh
    I Believe, I believe just what he said


    He shall supply my need, Oh
    I Believe, I Believe, I Believe
    He shall supply my need, Oh
    I Believe, I believe just what he said


    BRIDGE I:

    By faith I believe it, By faith I receive it
    By faith I can have it, By faith I can share it
    I believe just what he said


    I have my mansion now, Oh
    I Believe, I Believe, I Believe
    I'll have me mansion now, Oh
    I Believe, I believe just what he said

    He worked it out for me, Oh
    I Believe, I Believe, I Believe
    He worked it out for me, Oh
    I Believe, I believe just what he said


    Bridge II:

    By faith I will know it, By faith I will show it
    By faith I will bare it, and now I'll declare
    I believe just what he said


    I have my mansion now, Oh
    I Believe, I Believe, I Believe
    I'll have me mansion now, Oh
    I Believe, I believe just what he said

    I Believe, I Believe
    I Believe, I Believe, I Believe
    I Believe, I Believe
    I Believe, I believe just what he said


    He loosed the guilty stain, Oh
    I Believe, I Believe, I Believe
    He loosed the guilty stain, Oh
    I Believe, I Believe just what he said

    Christian Music Lyrics by: Gospel Music

« WHO’S GONNA PAY FOR IT!!! | Main | WHO’S GONNA PAY FOR IT!!! Part II (The Truth about the absurdity of the Health Care system in the United States) »

24 September 2008

Comments

The hypocrisy of the U.S. Republican is amazing, isn't it? It's okay to act in socialist fashion when it comes to saving corporations, but not okay when it comes to universal healthcare for the country's citizens. Republicans worship Reagan as a god -- the same Reagan that gave corporations the green light to run wild during his term that has U/us in this sad economic state today. Wow... and folks are still willing to vote for Republicans. The same folks who are quick to ask "Well, who's gonna pay for it?" when it comes to universal healthcare, but don't bat an eye at how much money was wasted on a made-up war and now going to save Wall Street, where seven-figure salaries are normal for fat cats who can do what they want without fear of penalty. [insert very heavy sigh here]

Don't you just love capitalism? [inhaling deeply] Ahhhh, I can just smell the patriotism in the air.

Here are a few excerpts that I took from an article on Slate by Juliet Lapidos entitled "No, Really, How much is $700 Billion? About 12 Bill Gateses." I can't vouch for the accuracy of her math, but it's an interesting article.

"....Just how much is $700 billion?

A lot, or not that much. There are about 300 million men, women, and children currently living in the United States, so the bailout is equal to roughly $2,300 per person. That's right around what we each paid, on average, for gas and oil in 2006 ($2,227) and a bit less than our average personal tax burden ($2,432).

Stepping away from average Joes, $700 billion is equal to about 12 Bill Gateses. The assembled net worth of the Forbes 400 is $1.57 trillion, or more than twice the cost of the bailout. Titanic, one of the highest-grossing movies of all time, raked in $1.8 billion from the worldwide box office, so James Cameron would have to make roughly 381 Titanic-sized blockbusters to settle Wall Street's debts. According to the Centers for Disease Control, the single-year cost of obesity in the United States was $117 billion in 2000, or about one-sixth the bailout—although that number has been disputed.

If the federal government siphoned off Florida's gross domestic product, we could cover the bailout. Invading the Netherlands might be advisable—that nation's GDP was $768.7 billion last year. Of course, invasions cost a lot of money. Back in 2003, the Bush administration told Congress that the Iraq war would cost between $60 billion and $100 billion, but it's estimated that, so far, we've spent about $600 billion. Should the Treasury receive authority from Congress to borrow $700 billion, the national debt will rise by only about 7 percent. Right now, it's sitting at $9.6 trillion.
...Lastly, in apocalyptic terms, $700 billion really isn't all that much. If nothing is done to change the way we finance Social Security, the trust fund reserves will be exhausted by 2041. This means that, in 75 years, there'll be a shortfall of $4.3 trillion—or about six bailouts. According to the Stern report (issued by U.K. economist Sir Nicholas Stern), global climate change could cost the planet $9 trillion (or 12.86 bailouts) if we don't address the problem within the next decade or so."

full text at http://www.slate.com/id/2200718/?y=1

Um...what makes you think Republicans were happy about the bailout? I don't think there was a single fiscal conservative out there who thought the bailout was a good thing. Who in there right mind would?

@Jim:

Happy about it? Sure, I am sure they were not happy about their philosophy of derugulation, the economics of greed, the culture of indifference and the politics of fear being shown for the crap that it is.

Now, the very solution that people have tried to get done to solve other problems, i.e. putting MONEY towards something, the one they fought FROM since Regan to help education and health care, is all of a sudden O.K. for big business....you're right I am sure they are not happy to be shown to be HYPOCRITES...

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