"someone grab the tea, its going overboard!"

So, the Failout bill passed. I couldn't be more disappointed. The original proposal was set at 700,000,000,000 Dollars yes that's 11 zeros. To compare that to something Forbes reports that had Bill Gates not donated any of his money to charity including the Bill and Melinda gates foundation he would have about 90 billion dollars (he is currently around 40 bill er so). Also everyone is crying about how much the war in iraq costs, its currently at about 580 billion. just some prospective.

The rage I feel comes into play when the bill that President Bush signed came out to 850 BILLION DOLLARS!!! that's an extra 150 billion dollars on what? WOODEN ARROWS BUILD FOR CHILDREN! TAX BREAKS FOR NASCAR RACE TRACKS, all pushed through and earmarked because this is a hot issue.

So instead of coming up with a better plan, they push a crappy plan on the taxpayers saying its good for us because its the only thing we can do and that if we do nothing the world will end. I called there bluff from the get go when Secretary Paulsen drafted this failout plan.

When he wrote it up it was 3 pages long. it bloated to 110 in the house before it was shot down. The senate picked it up and now its at? any guess's? 200 pages 300, wrong 487 pages of earmarks and legalese

Another thing. Paulsen now has a blank check, read this mess:

Sec. 6. Maximum Amount of Authorized Purchases.

The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time

Not only that but he can buy any asset he wants and only has to tell congress what he bought once every quarter with NO explanation. So he can buy anything he wants. retail, commercial, industrial, pawn shop loans. whatever. Can you Smell the fail? Paulsen is an EX- Executive of Goldman sachs. which is one, of if not the biggest company on wall street. talk about back room deals.

Excuse me while I grab the tea.