Friday, November 14, 2008

The evil Bailout Plan is a disaster - Part 2

What an evil Bailout Plan! The devils in Wall Street and their friends told us that the evil Plan would rescue the market by solving lending problems to consumers and businesses, layoff, unemployment and giving confidence.

Now none of the promises has become true and instead, we see huge layoffs in many sectors especially in the financial and auto sectors! We hear news about layoffs everyday and Citi has just revealed a cut of 10% of jobs!

As for lending, I have always emphasized that it should never be considered a problem to justify the passing of the evil Bailout Plan. And the reality that we are seeing now is that borrowers are borrowing less too. Simple explanation: no investment worth making, nothing worth buying, nothing worth spending money, nothing worth using money and many people start to realize how foolish it is to borrow money from the banks and the devils in Wall Street. So whether you are looking from the lending side or the borrowing side, the alleged problem of the lack of credit to consumers and businesses should never be exaggerated and magnified as a threat big enough to justify the passing of the evil Bailout Plan.

I am sure we will see more layoffs, unemployment and business failures coming. The evil Bailout Plan is not only a disaster but also a milestone to evidence how human civilization is degenerated to a sub-level of incompetence, stupidity, immorality and absolute surrender to the devils in Wall Street and their friends!

The other thing that I am sure is that by turning to purchasing equities in financials, the evil Bailout Plan will do another big harm to all of us. Why? The purchases will only benefit the devils in Wall Street again. They are the evil holders of shares in the financials and together with the purchases under the evil Bailout Plan, they can manipulate the stock markets more easily and of course, suck more blood.

If you dare, you might think about doing long for financials. Why? When the evil Bailout Plan offers $700 billion to the devils in Wall Street to buy equities in the financials, who won't seize such opportunities to pull up the stock prices of the financials? Yes, the devils will pull the prices up, sell, and short, and buy low,.... Wonderful chance to suck more blood.

God why have you forsaken us? Why are you doing nothing?

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