Are We Overlooking The Obvious?

Is it possible we have overlooked a aspect of this economic situation? How many years would it take to add 2 and 2?
America has declared war against terror. The prospect of losing income is terror enough for some parents to kill their own family!
Getting into the United States is a world wide joke! Ben Laden could have a apartment in
New York!  Are we really so stupid and greedy it will take another attack or two on our soil to secure every point of entry? What the hell is the delay? Why are we being kept at risk? Who is profiting?

Is This Real Oversight or Just Another Shakedown?

The members of Congress look impressive on TV but are they to be believed?
How can anyone sit in a position of monitoring an industry while taking money from them under the table? Isn't that the definition of corruption? If they are paid enough will they lay off their contributors? And didn't we see this setup in one of the Godfather movies?

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Deregulation or Ship of Fools?

When you deregulate, by definition you have less eyes watching what is going on.
This is a perfect situation if you are Bernie Madoff or P. T. Barnum. But common sense should tell you
that when you turn your back Johnny is going to go for the cookie jar! Was this a case of the
"Emperor's New Clothes", or just another episode of "Saturday Night Live"?
And if you think you can walk on water then Barnum was right. There IS one born every minute!

AIG Continues The Saga

Some have said that AIG is too big to fail. But maybe the truth is it's too big to survive! The latest flap about bonuses required by contract is a clue.
This also indicates that President Obama is on the right track. Solving only one problem at a time is useless if the system itself is not sustainable.
It's like trying to put out a wild fire with a garden hose. You will get burned!
Then again maybe AIG is just not getting the right help. Since they are citing contractual obligations, maybe Congress should take a different approach.
Instead of throwing money into this fire, let's cut it off.  Not only does Congress have the power of license over AIG,
they also write the laws. So why not subtract the bonuses paid from the bailout given? And if the other parties object to this ruling then they can be barred from the industry.
They can also be fined and imprisoned. Under these terms I am sure a reasonable agreement can be reached.
Union workers had to make a compromise with GM so it has been done before!

The High Cost of a Free Fall

At this time I am seeing a pattern develop. It's not rational or pretty. But it is human.
For some the writing is on the wall and it's telling them to store up for the coming Depression.
Although there is still time to save ourselves if we do this thing right. For many with a perspective or
stake, the only course now is to squirrel away everything they can to come up on top of those with
nothing to protect. The key word here is redistribution of wealth. A interesting concept, but short sighted.
If you store away billions of dollars to use at a later time, without insuring there will be a later time,
you run the risk of  losing everything. Of course there is also the question of when if ever those members
of congress will wise up and stop throwing good money after bad. AIG should be a criminal matter!

Fool Me Twice Shame on Me!