In February of 2000 Hank Paulson, then CEO of Goldman Sachs, testified to the Senate Banking committee requesting that they reduce restrictions on the financial services industry, allowing investment banks like Goldman Sachs, Morgan Stanley, Merill Lynch, Bear Stearns, and Lehman Brothers, to leverage themselves upward of 20 to 1 — to risk more than 20 times what they could bare to lose.

The request went denied then in 2000 by a regulating body still containing many members appointed by Clinton but was approved only four years later by the regulating body installed with the Bush administration.

Now, Secretary of Treasury Hank Paulson, a Bush appointee himself, asks the American people to pay for the results of those misguided and destructive business decisions and the ineptitude of officials, who realized too late the danger approval posed.

America confused, bewildered and driven by fear, agrees begrudingly to a 700 billion dollar bailout plan for financial institutions — the death of Socrates all over again.

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If I told you these circumstances were all that were neccessary to undo the great promise of America, you would likely have doubts. You, stubborn and loving of America, would with all that you were say “No. America is greater than that.” But my friends, there can be no doubt now, that we have traded all we once were away — we have become all we had ever hoped to avoid: Rooted in corruption; heartless and descrimitive; deluded beyond perhaps all sense of hope for a future.

We have given the Doctor Frankenstein’s of this particular American monster absolution.  Whats more we have placed them back in control of the laboratory to further ruin the great experiment that is the American dream.

They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety; Benjamin Franklin saw the soul of America and understood its fragility — our most recent actions will serve to prove him right. It is not what we have bought with these banks full of debt, but instead what we have had to sell of ourselves first in order to ever take ownership.

George Bush may well be the most thoughtless President in American history. Under his Administration, all of America has fallen apart. It is without any sort of reflection that he may well also put an end to this idea of American history, et al. At the G8 Summit, our President, the “leader of the free world”, whose known for sharp wit, powerful wielding of the English language, and infinite charm and savvy, went ahead and showed exactly how concerned he is about the environment; he joked about it. So, to all my friends out there who voted for Mr. Bush: thanks.

I want to tip my hat to you (in that now almost Daily-Show-famous, ‘drunken-presidential’ way) and say with all the sarcasm in my black little heart “Ahahahaha, Yes! Lets Wreck the Planet… So We Along With All Other Life Can Die A Horrifyingly Slow, Painful, Human-Engineered Death… Wheeee!!!!” Now, isn’t that something wonderful to laugh about?

Bush thought so; Goodbye, from the world’s biggest polluter!

They say don’t believe everything that you read. The most prominent target might be Wikipedia. Well, I think in this case, maybe they nailed it on the head. Say ‘Hello’ to President Businessman. He’s got such a wonderful view on finance and economics. Congressional Baseball investigation anyone?

http://www.cbsnews.com/stories/2008/02/03/national/main3783425.shtml

President Bush on Monday will release a $3 trillion budget for 2009. Here is a look at some of its elements:

DEFICITS: The plan will claim deficits in the $400 billion range for this year and next. For the 2009 budget year covered by the Bush plan, deficits are likely to rise higher than Mr. Bush predicts after additional war costs are added in.

DEFENSE: The Pentagon would get a $35 billion increase to $515 billion for core programs, about 7 percent, with war costs additional. Another $21 billion would go to the Energy Department for nuclear weapons programs. A $70 billion “bridge fund” for the wars in Iraq and Afghanistan would give the next president time to consider options, with tens of billions of dollars more needed regardless of any strategy shift.

DOMESTIC APPROPRIATIONS: These would be essentially frozen at current levels, with most services being cut after inflation and population growth are factored in.

HOMELAND SECURITY: Overall, the budget for homeland security programs will increase by almost 11 percent, with a 19 percent increase for border security and immigration enforcement efforts, including new money to secure the border with Mexico.

MEDICARE AND MEDICAID: The programs will see almost $200 billion in cuts over the next five years, about three times the savings proposed last year but rejected by Congress. Much of the savings would come from freezing reimbursement rates for most health care providers for three years and from cutting payments to hospitals serving large numbers of the uninsured poor.

HEALTH: Health and Human Services Department funding would be cut by $2 billion, amounting to a 3 percent reduction. Funding for the National Institutes of Health would be frozen. The Food and Drug Administration would receive a 6 percent boost to $2.4 billion to ramp up food and drug safety efforts.

EDUCATION: Education programs would be frozen at $60 billion, with no increase to keep pace with inflation. Bush is pushing to restore $600 million lawmakers cut from Reading First, which serves low-income children. Title I grants, the main source of federal funding for poor students, would rise about 3 percent. Special education would receive $11.3 billion, a $330 million increase.

This will likely be a re-occurring article that I’m calling “Mistakes of the Day”, or MOTD — I hope to use it to make suggestions. The not so apparent thing here is: I’m hoping it will help in pointing out my own mistakes. I hope everyone wants to increase perspective. So, feel free to comment, or send an E-Mail. Today’s (first) MOTD is pretty easy to wrap your head around. I’ll call it “Drowning in Your Own Numbers.” And it has to do with the hot-topic of some “missing” E-Mail, from over in that big, White… House…

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