Today's Economy Going Down?Today's Economy Is a subject every American would hope to avoid, but impossible to ignore.
And now we play the blame game. How did we get this far down this disastrous road?
Who caused this disaster where did it start and how? We now have several things we are now looking at with eyes wide open, top of the list, "the economy", and the recovery of America's three best assets, #1 Buffalo Sperm Bank, #2 A Race Horse with Syphilis, #3 A kitty Litter Mine.
I'm sure there would be such a long list that there wouldn't be room for this article. If we were to disseminate all the facts as we look at the economy, this is where we are at, "Disaster" we have had disasters since the beginning of time.
Why go that far back, why not start with the largest man made Savings and loan disaster in the history of the world.
Savings and Loan Scandal of the 80's. Here are some facts on the infamous savings and loan scandal of the eighties which to this day we are still paying for.
Facts shown here were taken from "Inside Job" and "It's a Conspiracy"! by the National Insecurity Council.
The Big idea comes and it starts to chew at the back pockets of what we have come to know as ("Experienced Politicians") or GREED! and so it started. The deregulation of the Savings and Loan, Deregulation eased restrictions so much that savings and loan owners could lend themselves money.
The Garn Institute of Finance, named after Senator Jake Garn, co-authored the deregulation of the industry and received $2.2 million from industry executives.
The deregulation of Savings and Loans gave them many of the capabilities of banks, without the same regulations as banks.
Savings and loan associations could choose to be under either a state or a federal charter. Immediately after deregulation of the federally chartered thrifts, state-chartered thrifts rushed to become federally chartered, because of the advantages associated with a federal charter.
In response, states such as California and Texas changed their regulations so to be similar to federal regulations.
One of this country's most respected families contributed a member of it's own and was in the midst of this trajety.
Neil Mallon Bush is the third son of George and Barbara Bush and the younger brother of former president George W. Bush. Neil Bush is best known for his business failures -- particularly the collapse of Colorado's Silverado Savings and Loan, of which he was a director.
The bank failed in 1988, costing the federal government $1 billion (tax payers dollars) and becoming a much-publicized part of the savings and loan crisis of the late 1980s.
Neil Bush, never served time in jail for his part in running an saving and loan into the ground.
First the son was a large participant in bringing down the savings and loan and I would suppose the rest of the family was totally unaware of it all.
Then the father becomes president of United States and became involved in a multi-billion dollar was with Iraq, after him the other son ran and was elected pesident of our great country.
during whose administration led to the break down.
James Fail invested $1000 of his own money to purchase 15 failing savings and loans. The government reimbursed him $1.85 billion in federal subsidies.
Charles Humphrey Keating Jr. (born December 4, 1923) is an American athlete, lawyer, real estate developer, banker, and financier, most known for his role in the savings and loan scandal of the late 1980s.
Keating ran American Continental Corporation and the Lincoln Savings and Loan Association, and took advantage of loosened restrictions on banking investments. His enterprises began to suffer financial problems and were investigated by federal regulators.
His association with, and financial contributions to, five U.S. senators to argue for preferential treatment from the regulators led to them being dubbed the Keating Five.
When Lincoln failed in 1989, it cost the federal government over $3 billion and about 23,000 customers were left with worthless bonds. In the early 1990s, none of that money was ever recovered.
Keating was convicted in both federal and state courts of many counts of fraud, racketeering, and conspiracy.
He served four and a half years in prison before those convictions were overturned in 1996. In 1999, he pleaded guilty to a more limited set of wire fraud and bankruptcy fraud counts, and was sentenced to the time he had already served.
Asset number one "Buffalo Sperm Bank".
The government bail out cost the taxpayers around $1.4 Trillion dollars when it was over.
And the best part was that they managed, somehow managed to seize some assets which asset number one was a "Buffalo Sperm Bank".
With the money lost from the Savings and Loan scandals, the government could have provided prenatal care for every American child for the next 2,300 years.
Asset number two was a "Racehorse with Syphilis".
That was one of our governments best work. With the money lost from the Savings and Loan scandals, the government could have purchased 5 million average homes. Instead, some american families had to face their worst nightmare, the loss of that dream that every american reaches out to have.
A home for their family. Their homes managed to disappear, yet a lot of american families went on to rebuild their lives.
Americans are a stronge people, patriotic enough to fight for freedom and the american way of life.
Exepierenced politcle leaders have let the american people down time after time with their so called experience.
Exepierenced politcle leaders,,,,,,Exepierenced leaders......Exepierence? Maybe we would be better off if we had Inexperienced leaders in office, maybe they would be afraid of committing such appalling atrocities.
The third and final asset was a "Kitty litter Mine".
We have allowed crooks to run this country for endless decades, and we still have them feasting among us today.
We keep asking for experienced leaders to run the government and that is exactly what we have been getting.
A seasoned crook with the experience of how far things can go before the people begin to grumble.
With other "Exepierenced politcle leaders" on the same side, will forgive the other as the american family suffers loss after loss. The painful truth is, the perpetrator gets to keep all that he took and maybe spend a little time in a low security resort and live out his days as a political advisor because of their experience.
Today, as we struggle to get through these days of woe and want we wonder, how did we get here?
In 2008 we witnessed gasoline prices, a never seen $5.00 plus per gallon. How did that happen?
Can we safely call it "Exepierenced politcle" manipulation? What really happens when gas prices go that high?
Everything else does too. The producing and delivery of goods. We are the most technically advanced nation in the world, why can't we come up with a solution for alternative fuels to keep not only cost but polution down too.
Truth is, all this answers have been available to us for dacades. When "Carburetors" were being used, inventers designed carburetors that were capable of delivering up to 50 or better miles per gallon.
All those good ideas got stuck in the patent offices. Auto makers kept miles per gallon at or below 18 with an intent, even less in later models, Supply?, Demand?
How about an "Electric Car"? How long has the electric vehicle been in existence? Why wasn't this technology continued and improved?
This would have eliminated the "ADDICTION" for gasoline. In 1839 - Robert Anderson of Aberdeen, Scotland built the first electric vehicle. 150 years later this technology still can't be improved.
A potent hybrid of Greed and "Exeprienced politics", Opened a way for what we now know and have been hammered into our minds by our "Experienced Politicians",,"America is addicted to Oil"
If $5-a-gallon gasoline doesn't make you hate the big oil companies. Does big oil companies carry all the blame?
Hardly, when "Oil Speculators" smelled blood they went for the throat of America. Driving oil prices up and making money hand over fist.
Bringing America to the brink of bankruptcy and big company bailouts. Companies that they themselves helped to put us here.
And now our precious "Oil Speculators" are leading us down the same road. Driving oil prices up again. They just can't leave well enough alone.
Who killed the "Electric Car"? The New York Times called it A murder mystery, a call to arms and an effective inducement to rage. Reason for the murder, no demand for sales,"Battery Problems", NiMH batteries work, but Chevron owns control of the batteries, GM and Chevron killed RAV4-EV.
GM tried to suppress them, saying they could not work. So the destruction of the "Electric Car" was complete..
We would do well if our auto makers would give an opportunity to the people who invented the "Mighty Yet Tiny" engine that will put to shame everything that has to this point come out of Detroit.
Big 500 horse power engines for automobiles that weigh 25 pounds and are the size of a 1 pound coffee can, and offer no oil changes ever and upwards of 150 miles to the gallon of soy bean oil.
Huge 800 plus horse power engines that produce big horse power for big vehicles that carry big loads.Check out the videos I saw on you tube.
http://www.bing.com/videos/search?q=myt+engine&FORM=VDRE#
