The Bailout Quiz OR Are You A Socialist?

THE BAILOUT QUIZ


OR


HOW MUCH OF A SOCIALIST ARE YOU?



Well that settles it. Both Senators (Evan Bayh, D; Richard Lugar, R) from Indiana are socialists and so are the candidates from the two big parties (Ocain and McBama). It cannot be denied; they are socialists. We are no longer the USA we are the USSA. By casting a "Yea" vote for the "billionaire bailout" they have shown their true colors. You don't believe it? Than you must think they are simply insane and should be locked away before they hurt themselves. I am by far no financial wiz but I do have a brain in my head I can use. I can also read history books and know that history is about to repeat itself if Congress passes this bill. I don't particularly want memories of a depression to tell my grandchildren and I don't want my children to have them either.



If you think this bailout is a good thing, answer these questions and think about it again:



-Is it a good idea to borrow $700 billion from financial institutions, in order to loan it back to those financial institutions which do such a poor job at what they do they are going under?


-Have you ever heard of a Ponzi scheme?


-Where do you think that $700 billion is coming from considering the fact that the federal government needed to borrow $145 billion from China this summer for their hair-brained economic incentive plan?


-Since the "economic incentive plan" was a bust, do you really think the federal government is competent enough to make the bailout work?


-One of the BS reasons the fear-mongering politicians are giving for the bailout is allegedly without credit, businesses will not be able to gain the financing they need to make payroll. Who works for a company which needs to borrow money in order to pay its employees? Who would want to? Shouldn't those businesses go under?


-If the financial institutions are bailed out, where will it stop? The automotive industry is already whining about how much help they need. Where and when will it end? If the banks are bailed out, is it right to not bailout every other business going through hard times?


-Should every poorly run company be bailout just because they have lousy business practices?


-Did you realize that Treasury Secretary Henry Paulson was the CEO of Goldman Sachs prior to his current position? Did you realize that Goldman Sachs is one of the banks that would benefit from this bailout?


-According to Forbes.com, Paulson has $632.4 million worth of Goldman Sachs stocks (http://www.forbes.com/lists/2006/12/VY36.html). Do you know how much money he would lose if they failed? (Hint: it has nine digits.)


-Have you read the plan? Are you aware it gives Paulson ultimate power? "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." Children—can you say "fascism"?


-Do you think since taxpayers can be given government protection from bankruptcy, companies should be able to be bailedout by the same government? Have you ever gone bankrupt? The judge doesn't hand you a wad of cash at the hearing. It's up to you to grab your bootstraps and pull. Do you realize that personal bankruptcy and federal government bailouts are two different things?


-Does calling it a "rescue" make it better, or is it just newspeak for "bailout?" (Read George Orwell's 1984 to understand "newspeak.")


-Did you know when Iran, Hawaii, Chile, and other countries (yes, Hawaii was once a nation) attempted to nationalize companies, the CIA either assassinated their leaders or staged coup d'états? Where's the CIA now that the U.S. is nationalizing banks?


Here's what I really think of any bailout plan:


B U L L S H _ T


"I'd like to buy a vowel, Alex. But I need to borrow $500 from Uncle Sam."



So how did you do?