Thursday, September 25, 2008

Is the evil Bailout Plan getting personal?

When you see Henry and Ben shutting their minds to very valid and reasonable criticism against the evil Bailout Plan, you should start to feel things are getting too personal! May be George knew this too well and that is why he urgently gave a prime time speech and arranged to meet the candidates, etc.

I am not a fan of Henry and Ben nor am I their opponents. But objectively speaking, you should consider:

Ben has been using his own orthodox and unorthodox ways to bailout the devils in Wall Street but they are obviously insufficient to satisfy the appetite of the crocodiles in Wall Street.
Ben must have felt at least some frustration and personal defeat having inherited a falling economy and financial system from Day One and having failed to revive Wall Street.
The turning point is where Henry, the big brother, came in. That must have usurped the role of Ben so far.
Henry too has his personal values at stake. Why? He was the ex-CEO of GS before he took over his post in the administration and it was just 12 months ago. Both Ben and Henry should be eager to show their weapons and strength to America and the world.
These dear friends of Wall Street must be personally very sympathetic with what is happening in Wall Street too.
So frustration, sympathetic, self-achievements, self-defeat, etc., are all behind them whether consciously or subconsciously. Would this blur their judgment and perception in the first place? Would this problem compel them to propose the evil Bailout Plan? Are they the true authors and creators of the evil Bailout Plan?
With due respect, Henry and Ben are highly competent and skillful in their handling of the crises but unfortunately, in our real world, we can only count on results!
So the evil Bailout Plan is the last test for survival or is it?
Once when McCain and Obama come in, the personal focus is lifted to something else and George comes in as the leader of the gang.
See this is what politics is about: purely personal relationships!

But still nothing can support the evil Bailout Plan. It does not make sense to swallow the toxic debts and dirts of Wall Street by using at least USD700 billion to buy them at full maturity value! What the democrats and republicans are bargaining in return (executive pay, oversight, etc.) are irrelevant to the issue. The very essence of the plan is evil and unjust and no bargain can be made in the first place!

Unless the US administration is so blind as not be able to see the anger of their Americans, they must know that there is only one answer: drop the evil Bailout Plan and start immediately to draw up a new plan that is fair, just and beneficial to the victims of the devils in Wall Street.

A government that has lost the support of its people, no matter how powerful and intelligent, is bound to go down. It's just a question of time and McCain is the first one to have the guts to say no to the evil Bailout Plan. I still prefer to vote for McCain and if he can join hands with Hillary Clinton, they should win the election.

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