THE INTERESTING THING ABOUT OBAMA'S "RE-DISTRIBUTION OF WEALTH PLANS"...IE "SOCIALISM"...IS THAT THEY ARE CONCENTRATING THE WEALTH EVEN MORE!!
TO "SAVE THE SYSTEM"...LARGE MONEY CENTER BANKS AND BROKERAGES HAVE BEEN GIVEN BAILOUTS ...AND "FREE MONEY"...ALL WITHOUT COST OR OBLIGATION...
THIS WAS INTENDED TO "RE-START" THE CREDIT SYSTEM...
BUT WHAT HAS HAPPEN IS THE "FREE MONEY" FLOODED INTO WALL STREET AS TAKEOVERS...M&A ACTION...AND A NEW BUBBLE IN ASSET VALUES...
WHICH, NATURALLY, ONLY THE BANKS AND THE RICH HAVE ACCESS TO NOW BECAUSE OF THE COLLAPSE OF CREDIT IN THE SYSTEM AS A WHOLE...
THIS "COLLAPSE OF CREDIT" DID NOT EFFECT "POST BAILOUT" BANKS, BROKERS AND OTHER WEALTHY PEOPLE...WHO GOT THEIR "FREE MONEY" FROM THE TREASURY AND THE FED.
NOW THESE BANKING AND OTHER ELTIES ARE USING THE OBAMA "FREE MONEY" TO CONCENTRATE WEALTH EVEN MORE...
EITHER BY "HELPING" DISTRESSED CORPORATIONS IN EXCHANGE FOR EQUITY STAKES...OR BUYING THEM UP OUTRIGHT...
VIRTUALLY NONE OF THE "FREE MONEY" HAS MAKE IT DOWN TO MAIN STREET...IT'S ALL CONCENTRATING IN WALL STREET AS:
"THE NEW BULL MAKRET!!"
IF THIS IS OBAMA'S IDEA OF RE-DISTRIBUTION OF WEALTH...? WE WOULD PROBABLY HAVE BEEN BETTER OFF WITH MCCAIN IN THE WHITE HOUSE...
BY THE END OF 2009...THE AMOUNT OF ASSET VALUE IN THE HANDS OF THE TOP INCOME ELITES WILL BE WORSE THAT IT WAS UNDER BUSH...
JUMP STARTING "THE SYSTEM" WITH FREE M&A MONEY FOR LARGE INSTITUTIONS IS NOT HELPING MAIN STREET ONE BIT...! BUT IT IS CREATING A MASSIVE NEW STOCK BUBBLE ON WALL STREET!
BUT OF COURSE THE ARGUMENT COULD BE MAKE THAT THE US ECONOMY IS "BUBBLE BASED" AND NOTHING ELSE COULD HAVE BEEN DONE TO "SAVE THE SYSTEM"...
WHICH NATURALLY WOULD BRING UP THE QUESTION WAS THE SYSTEM WORTH SAVING...?
OR ARE WE JUST DEEPER IN THE HOLE NOW THAN BEFORE THE BAILOUTS OF THE MEGA-RICH BEGAN...?
