Thursday, September 25, 2008

What's that Sound?


Could it be a coup I hear? I have money on the table that says the current shrub in charge will extend his term using economic catastrophe as a reason. I posted awhile back about how I thought he would extend power through terrorism and marshal law but the plot has changed.

Did you know that the presidential directive from May 2007 gives the current shrub and all of his weeds dictatorship power in the event of a catastrophic emergency (item 2 b). The catastrophic emergency encompasses economic crises. The word depression has been bandied about low-level panic has been instilled and the sheep are being herded.

Look forward to seeing the administration causing more panic in the next couple of weeks. We Americans should be used to the manipulation tactics by now. Whenever the current shrub in charge wanted something before, we were raised to yellow alert or threatened that our retirement funds were going in the toilet.

I will say that some mild panic is in order now. However, try to maintain logic and a cool head.

For example, if the current bail out works, the average family can look forward to an additional $10,000 in taxes next year. Of course, logic says that if you increase the taxes on the responsible ones, they will not maintain responsibility. We are a country living paycheck to paycheck. If the government takes that extra $800 per month out of the average family’s income, some bills will not be paid. More than likely the credit cards will be the first to be ignored. Of course, this means that we will again be bailing out the financial institution.

Additionally, any hope of saving for retirement will be legitimately in the toilet, especially when the tax benefit disappears.

As a footnote, MrM sent me this article that expresses quite succinctly what I am thinking but too afraid to voice.

The sound is getting louder and the administration is settling in for a nice long roost.

No comments: