Bleeding Green-Bailout Madness?

        How many of you have ever had knowledge of an emergency situation where someone is bleeding profusely?  Emergency training teaches to apply pressure; or, to use a tourniquiet to temporarily stop the blood loss.  It is no different with our financial crisis; yet, apparently in a move that goes against common sense…we are bleeding green…sending more and more money to problematic areas that are already bleeding out.

           What we need is a check and balance here…someone to triage…find out who we can afford to let go on to their great reward.  We can’t save everyone here financially speaking.  So, if we are going to attempt to try to turn the tide with this financial mess…we need to find the most effective way to pump money back into the economy in a way that is going to repair the situation.  Not prolong the agony.  Those companies that would abuse the help provided them should be held accountable.  The governmental leaders who are in charge should be held accountable if they fail to serve honorably; by not keeping track of the ebb and flow of the bailout plan.  It should be considered a crime to fail at accounting for each and every dime of the bailout money that does not produce a positive outcome on the economy.  It would challenge those who benefit from the rescue plan to strictly monitor the use of such money entrusted to them!

         Americans are angry about this whole situation.  They are struggling and there is no safety net waiting for them when they fail financially…so, their expectations of our leaders who are guiding the ship in regards to the bailout, are high.  Those expectations are not currently being met…and Americans have had their fill of leaders and organizations who abuse their power and influence over our society.  The impact of such irresponsible behavior is what has brought us to this place and time in history; it is unacceptable.

         Allegedly, reports have surfaced, twice now, on AIG as having pricey get-to-gethers since they have come knocking on the government’s door begging for bailouts to keep them from filing for a $150 billion dollar bankruptcy.  This is seen by many as an excessive fly- in- your- face disregard for the sacrifices that tax payers are taking on, by dolling out the $40 billion dollars that the treasury has set aside to help put AIG back in black.

          What is madness is that this kind of behavior seems to go without consequences except to the country as a whole.  We are drowning in poor choices, in excesses that failing business expect others to dig them out of.  If a small business owner took on that kind of attitude…there would be nothing but financial ruin in their future…not a reward of an all expense paid trip to a spa on the taxpayers!

           The average American is drowning as well.  There are no individual life rings being tossed to the middle class taxpayer.  We are being hit from all sides by the economy, taxation, educational funding, rising cost of living bills, home heating costs, gasoline, medical costs; and still, more and more people are loosing their jobs or their investments.  Home foreclosure is at an all time high.

           How in the world are taxpayers going to pay more to bailout anyone when they are barely keeping afloat themselves with the drain on their incomes?  If people don’t have jobs, they can’t pay taxes.  Common sense dictates that we examine closely where all of this bailout money is coming from; and, limit those who are benefitting from the rescue money. If some business or organization is not being fiscally responsible they should not then be given a blank check to continue the party.  

        This is not a free for all…We need someone in a position to regulate the flow of green; apply some pressure.  We are living in an unprecedented time of national debt…it just makes sense to be watching our bottom line.  There is nothing wrong with taking a little time to evaluate the situation and make an informed decision about the best way to tackle this mess.   Remember Russia and the collapse of their union?  Are we looking to make history as the next nation to collapse from the inside out?

          

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Titanic, US Economy & Rescue Boats…What Do They Have In Common

        Titanic, the US economy & rescue boats; what do they have in common?  Much!  Do you remember seeing the pictures of the Titanic ship as she prepared for her maiden voyage?  It was large, it was the ultimate in luxury and it was celebrated as “unsinkable”.  The US economy has sort of lived in luxury even if it has been on “borrowed/credit” monies.  I think many thought the structure of the US economy was unsinkable as well.  We now know differently because of the financial crisis that many have been working so hard to “rescue”.  It is common sense, if you live outside of your means to pay for it…you will loose it all.

          While i think we will probably be saved from the fate of most of the passengers and crew of the Titanic; there are some who will definately suffer.  This morning on the news programs it was announced that the biparisan effort to “fix” the economy has reached a tenative agreement on the way to do that.

           What we need to do is wait to see the methods that are employed in this fix- it solution.  Waiting feels a bit wrong because things are so very important and desperate for many Americans.  There has been suffering already.  Some of the suffers have already been in extreme situations…loosing their homes, filing bankruptsy, working more than one job trying to make ends meet; some have been successful in changing their financial direction and some were not.  Hearing that taxpayers are going to have to fix this problem with more taxes when they are already pushed against the wall is terrifying.  So, some quick explanations of this “bailout”  is very important to calming the fears of the public.

           It is going to be crucial to learn lessons from the Titanic experience.  Even now, knowing that it sunk, knowing that lives were lost…do you think that if the passengers and crew on that ship had each had a bucket and a will to survive that they would not have made the trip up and down the stairs to make an attempt, several times over, to try to bail out the water in the bowels of that ship?  Of course they would have. 

           Had that ship had more lifeboats (rescue boats in our case) would more lives have been saved?  Certainly.  So, What does the Titanic ship and the US economy have in common…they both needed rescuing, they both carried movers and shakers, people had a vested interest in saving them both, lives were and are at stake in both situations.  Can the US economy survive when the Titanic ship did not?  It is possible!

          Let’s pray that the bi-partisan plan has figured in enough rescue boats to save not ONLY the large banking systems, the mortgage companies, the credit card organizations; but, the people at the base of each of those situations…the taxpayers…the recipients of those services.  The little people who are drowning in the flood as we speak need their own rescue ships; or, the overall plan will fail. The future impact of this bailout is not only important to the US but to the global economy as well.

         We must not forget that any of those businesses cannot possibly make a comeback if the little people can NOT afford to make use of those services…and, they can’t do that if they are loosing their jobs, their homes, their families to the high cost of living!  We all want and need to survive…the will to survive is there; if there are enough rescue ships in this plan, we may just be able to keep the ship of the US economy floating long enough to make it healthy again.  We all may be traveling at a lower level than luxury or first class…but, that is alright…at least we will have the chance to recover.  We just have to adjust how we think and make choices in our day to day lives that are within our means to pay for them…what a novel idea!

            

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Deceased Daredevil Steve Fossett Incurs Debt For Search

         Daredevil Steve Fossett has incurred a large debt related to his disappearance and the subsequent search and rescue last fall.  Nevada officials are looking for some way to get reimbursed for the $687,000 that was spent trying to find him and his plane; that search came up with several other wreakages, however, Steve Fossett and his plane was never found.  I remember hearing at the time of his disappearance, news reports wondering if Mr. Fossett purposely disappeared.  That is a mystery, like the disappearance of Amelia Earhart; we may never know exactly what happened. 

          His family ended up having him declared legally dead in February of this year.  Mr. Fossett set many daredevil records over the years…he dreamed of breaking barriers and setting records.  He was a hero to many who admire the example he set for those who like the extreme excitement they get by pushing the boundaries.  Do you think that his family should be responsible for the expenses that the search and rescue attempt cost the state of Nevada? 

 Update:  October 1, 2008  Today there are reports that, a little more than a year after Mr. Steve Fossett disappeared, some of his personal property has been found.  A hiker has turned in to the police, some pieces of ID, and a pilots license, and a little over $1,000 dollars cash.  An extra large black pullover fleece was also found in the same general area.  This discovery was on the trail near the town of Mammoth Lakes, California.

Update:  October 2, 2008  It has been confirmed that a plane crash site was located near the area where the ID, personal items, and cash were found; and it is indeed the plane that Mr. Fossett was flying.  There was no full body found.  There was a small amount of human remains found in that in that area that will be tested for Mr. Fossett’s DNA.  Madera County sheriff said that the crash was so bad that he doubted that anyone could have survived the impact.   

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