What about the magic beans we already owe? What about them Barack Obama? You want an ailing economy to pay for healthcare for all and bailouts for the banks, but you think it is ok that there is one trillion dollars in consumer credit card debt that generates ANOTHER 15-30 BILLION DOLLARS IN NEW INTEREST CHARGES EACH AND EVERY MONTH (my estimation)!
Friday, July 31, 2009
Oil Profits and Bankers Bonuses, Seed Money that may be being used to prop up Wall Street.
I read some figure lately that the amount of bankers bonuses for the past year is several dozen billions of dollars. Arianna Huffington has labeled Barack Obama as the bankcentric kid, (belief that the entire world revolves around the banks) and it appears Barack Obama has given the bankers carte blanche to do what is necessary to get the stock market looking good.
Enter Seed Money. Oil Profits and Bankers Bonuses may be being used to "seed" Wall Street to give the illusion that it is doing better than it really is. This is scary stuff to be playing around with and Barack Obama strikes me as the perfect flim flam man to happily create the illusion that things are getting better.
Many consumers right now are the gas guzzlers. The amount of money we are paying in interest in old credit card debt debilitates our opportunities to be real contributors to our local economies.
Money that could be spent to fix up a home, maintain our health, do regular maintenance, aka "infrastructure" work, is ignored, just so we can tread water maintaining payments on some debts that cannot be paid down because of excessive interest rates.
This is where Chase Bank, Jamie Dimon, Bernanke, and Barack Obama come into the picture. These fellows are "seeders" who are ignoring what already exists, instead of farming the existing fields for maximum productivity, they want you to believe in their magic beans which will grow new, big beanstalks. However, you just have to pay for the magic beans.
With each passing day that the seeders ignore the one trillion dollars in consumer credit card debt that already exists, we lose two days in solving the current, man made economic crisis.
Beware of the seeders, selling you new better seeds even as the current crops go unwatered.
HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.