All along the watchtower..

November 13th, 2008 by Will

There is way too much information to cover since I last posted, but here is an overview.

Gold prices are beginning to fall, as is the stock market and oil. The Dollar is gaining ground on the British Pound and Euro. Treasury Secretary Henry Paulson stated that the US Treasury would not be using the 700 billion USD from the bailout package to buy up bad mortgages, and would instead be buying shares in banks in a poor attempt to liquidate the market.

Yes, you have read that right. Banks are already hoarding the money, buying other banks and not trying to liquidate the market. Now Paulson wants to just purchase shares in the company instead of buying the bad debt? See, giving that much power to the Treasury Secretary was a bad thing, especially when he was given 700 billion USD to use at his own disposal. We were promised transparency, however we did not and will not get it.

The USA is on the verge of losing it’s “AAA” rating due to the large amount of debt it has accrued, over 10 trillion USD. On our current course, there won’t be a way to repay this debt. With two wars, Federal Bailouts and talks of another stimulus package, how will we pay for it? More so, with Obama’s Health care policies, how will we pay for it when the country is already broke?

Then you have Rahm Emanuel and Barrack Obama in talks of a Domestic Draft, which has been scrubbed from Obama’s official website change.gov, basically stating that all Americans from 18 to 25 will be forced into working for the federal government for 3 months out of the year. Basically, Basic Training then either domestic police work or National Guard work. Is that right? NO!

I am wondering how many of these people who thought Obama was for ending the war and voted for him because of it will be protesting when their numbers are called to be serving in the draft. Just Sheep being led to the slaughter house.

Posted in Economy, Politics

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