Posted by
John Aube' on Tuesday, March 03, 2009 12:00:00 AM
Tears In The Tea
It is called a crisis from excess. It is a crisis born from irresponsible credit expansion and irresponsible spending which fueled unsustainable consumerism and an economic bubble. Trillions of wealth has been destroyed around the world. Trillions lost in bad loans. Trillions lost in the world stock markets. Trillions lost in retirement accounts. Trillions lost in real estate values. And now that the bubble has burst, we are left with a bankrupt economy.
The government has doled out trillions of taxpayer dollars in several stimulus packages. Uncle Sam has spent billions investing in banks, investment firms, insurance companies, the GSEs and the car companies. The government spent half a trillion dollars for a penny stock return.
Is Change Here?
We just passed a 787 billion dollar program to ‘save’ or ‘create’ jobs. How do you measure a ‘saved’ job? And now there is a 400+ billion dollar health care bill on the table. How is spending more money going to get us out of a crisis created by irresponsible spending? Does Obama pork have a better favor than Bush pork?
The taxpayers have the burden of debt servicing the government’s actions, and we Americans have already lost our equity in our homes, our retirement accounts, our stock portfolios, and now we are losing our jobs. Many Americans have lost all their wealth. Does the President understand that the government has ‘maxed out’ their American taxpayer credit card? Doesn’t he realize that there are Tea Parties are beginning around the country?
Is the President out of touch with the average American? The President has set the ‘magic line in the sand’ for defining a rich American at $250,000. Is the President introducing class warfare? Does the President understand a $250,000 gross correlates to a $155,000 net? Does the President understand the cost of a mortgage, insurance, taxes, transportation, health care, education and food for the average American family?
Many say that we are a product of our upbringing. Is the President comparing the American standard of living with that of Kenya? Does the President’s life experience correlate to the needs of the average American family? Is the Kenyan standard of living, the new “middle class” standard for America?
Does the President understand that we are in bankruptcy? Is he trying to move us from reorganization to full blown liquidation?
We have nothing left to give you Mr. President. We lost our wealth. We lost our homes, our jobs and our retirement accounts. All we have left is spent blood, sweat and a lot of tears.
However, Mr. President, we do have one thing we that can give you, would you like a cup of tea?
Best Regards to all my fellow American taxpayers and their families.
John R. Aube’