To Americas working class, time to bring it on!

The Banks that screwed us are at risk of failing again, after WE THE PEOPLE bailed them out!  The party elected, tea party, on claims it represented the government of our forefathers has proven to be shills for International Corporations.  The President we elected to brings us change has no backbone with his corporate cabinet. 

And everyday the workingman loses more and more.  Only now they don't even try to hide it. It is in your face.  It is we are going to screw the working class over  and subjugate them for once and for all!

We humbly ask you to please read the preceding post,Markets Crash, We don't have a Spending/Revenue problem, we have an idiot problem  and if you can identify yourself anywhere in there, or have friends and family that are in the situation described then we ask on FINAL question,

how much longer will  WE THE PEOPLE, we the working class, the blood, backbone and sweat of this country remain on our knees in subservience of those who would treat us worse than their family dog!  Not Left! Not Right! BUT AMERICAN!!!!!

Because I for one can not hear a damn soul hollerin, I'm freaking tired of it and ain't gonna take it no more!

Bring it on!

ARGUE FOR YOUR LIMITATIONS AND THEY ARE YOURS
IF NOT NOW WHEN?????  Richard BachAdd to Technorati Favorites

Markets Crash, We don't have a Spending/Revenue problem, we have an idiot problem

	Dow Jones	10,809.85	-634.76	(-5.55%)                             Our portfolio #1 up 26.69%
	S&P 500	1,119.46	-79.92	(-6.66%)                             Our Portfolio #2 up  6.56%
	Nasdaq	2,357.69	-174.72	(-6.90%)                              Aug. Spot Gold up   4.18%

Yesterday in the our post: 2008 deja vu or what the hell is money anyway We linked to the full text of the S&P report posted on Zero Hedge wherein the rational for the S&P downgrade of U.S. credit was presented.

Now there are many who did not feel the rating was justified and there were arguments re: the math formula used.  However were one to actually read the report they would have noted two items that stand out as being part and parcel of the decision which we mentioned in our previous post but will go into again here.  Primarily because in all the "harrumphs", were you a lender assessing someones credit worthiness we suspect you may have arrived at the same conclusion.

As we all know, this country has a huge amount of debt.  We also have invaluable resources that "could" go a long way's towards servicing that debt. The problem is, those in charge have shown a willingness to trade their fiduciary duties for ideological posturing that resulted in a complete abandonment of restraint or compromise that might have led to a meaningful agreement.

Any CPA standing back objectively observing the Debt ceiling negotiations, knowing the unemployment situation and the off-shoring of corporate profits would have lost their license if they would have said, "oh yeah, you can do this without raising revenue!"

And then to add insult to injury you have one of the highest ranked members of Congress brag to the world that, 

McConnell Admits To Taking Debt Ceiling ‘Hostage’: It’s ‘Worth Ransoming’ | In a stunning bit of candor, Senate Minority Leader Mitch McConnell (R-KY) admitted in the Washington Post today that his party had taken the debt ceiling “hostage,” and that some of his colleagues were willing to “shoot” it:

“I think some of our members may have thought the default issue was a hostage you might take a chance at shooting,” he said. “Most of us didn’t think that. What we did learn is this — it’s a hostage that’s worth ransoming. And it focuses the Congress on something that must be done.”

The Post added that McConnell “said he could imagine doing this again.” Indeed, he has promised he will do so. (HT: Taegan Goddard)

Any respectable casino is going to say, we can't bet on that horse!