The Failed Bail Out

In the United States of America, under the failed leadership of those individuals

listed below, we the people are enduring extreme financial hardship.

We have lost our homes, the value of our retirements, faith in our

elected public servants and the certainty of a prosperous future.

Those people of position, elected and placed in power by the people

did not fulfill their fiduciary responsibilities to the

citizens of this great nation and failed to act to avert this catastrophe.

Now fears, fueled by statements of doom by these leaders

editorialized and spread by a rampant media

conveniently have led to one of the largest financial smokescreens

in the history of this economy: “The Bailout”

This is the 750+ Billion dollar smokescreen that the very

ones who not only allowed this fiasco to occur and who may have also actively

perpetuated it’s occurrence are running to for cover while hypocritically

and patronizingly expressing their dismay, outrage and surprise

that it happened at all.

The American people recognized the con job, overcame their fears and

responded with intellect, reason and yes, anger rejecting the “Bail Out”.

They let their government representatives know of their dissatisfaction

and the “Bail Out” plan was soundly defeated in the House of Representatives.

Not unlike patting the head of a little child, this week the Senate, in deference to the

American people and after allowing the House to take the heat

passed their sweetened version of the “Bail Out”.

Adding a little sugar to take with our medicine (poison).

Today, Friday the 3rd of October, 2008 it is expected that the

House of Representatives will deliver the last fatal dose by

ignoring the American people and passing

their revised sweetened version of the “Bail Out”.

There is nothing and there is no one who can guarantee with

certainty that the Bail Out will solve the immediate crisis

or that it will not place our economy in a worse position.

Our leaders don’t know if it will be enough money, a big enough fix.

What we know and can count on is the fact that it will adversely affect and

burden future generations of Americans.

Promises by politicians within their political philosophies

were made to the good people of this country.

Promises the politicians knew by good commonsense

they could not keep.

The financial system of this country, Capitalism, the heart of the American worker

and the American dream is indeed sound and it is only when

self serving individuals attempt and unfortunately succeed in manipulating

the system by creating cheats, false economies and false hopes that we face

threats, such as this one, to our financial welfare.

The circumstances, in this case, strongly smack of scandal, unethical behavior

managerial failure and conflicts of interest.

All of those listed below should lose their positions.

I cannot and I don’t recommend the following::

Senator Chris Dodd

Rep. Barney Frank

Senator Chuck Schumer

SEC Chairman Christopher Cox

Treasury Secretary Hank Paulson

Private Sector:

The Chief Officers of Fannie Mae and Freddie Mac

—Steve