Wednesday, October 15, 2008

Financial System Update: one month later?!

OK, not a month later.

So Bushkie decided to follow the Brits, and other Europeans and
Buy $$$ in the banks.

Good and bad. Good idea, (as usual with Bushkie) Bad implementation.

We forgot the " Oh yeah, here's $250 BILLION dollars, now go renegotiate
your golden parachutes" clause

Typical BUSHKIE and republican politics.

The sky is falling, they want 60 billion to stay alive, but NO loss of control!!!


and oh btw, Stocks last friday closed up 970 points, monday down ,tuesday down...

We're not at the bottom yet folks.

And WHY hasn't the BUSH Admin banned NON-Delivery OILs futures contracts,

this price drop at pump PROVES it was speculators who drove oil market up from 60-70 to $140 per barrel

OK, you wanted a Political discussion: Here goes.

The background I believe that:
* It's going to be as BAD as the last one.
* The current failures only bring us 25% into the problem!!
* According to Robert Reich (former Sec'y of Labor under Clinton): The only number that he EVER saw, defining the
depression was that the unemployment rate hovered around 25%.
* We need a new deal.
* After 58 years of NO Health Care Reform (since 1950!) it will FINALLY be coming soon...
* We've managed to WASTE a FULL generation (from Zero to thirty) with decaying social, educational, and interpersonal skills.
* Our nation is no longer DOING (producing) anything.
SO, from these few premises, I have extrapolated a great deal of items to FIX our society...

We need to make sure that a number of issues are resolved ALL at once.
If we don't do them ALL at once, its like juggling three RUNNING chain saws, but dropping one!

Here's what I came up with:

We need to do the FOLLOWING to FIX our Society:
* Create A Living Wage
* Create a National Single payer Healthcare
* Create a National 3-4 year draft (or alternate service)
* Create a Federally paid Day Care starting at six months
* Implement Tax Reform on the ULTRA Rich
* Lobbying (Political Reform)
* Education
* Infrastructure (road /bridge/Systems repairs)
* Lack of Training/futures
* Truth and Reconcilliation Commission
* A new "Manhattan" project, focusing on Energy INDEPENDENCE

See my other blog: for more details.

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