SO MUCH BAD NEWS, SO LITTLE TIME DIRE WARNINGS OVER ECONOMIC HEALTH OF NATION KNIGHT BERNANKE/KING HENRY APPEAR BEFORE SKEPTICAL SENATE The latest in the bad news about the economy column: A column expanding more and more, as the stock market slips by the day.. Dire warnings came from Ben Bernake and Henry Paulson on Capitol Hill today, warning that the Senate and House must vote yes on the $700 bil (try trillion) bailout plan, stating that if not dire consequences await the already fragile nation. The Senate Banking Committee appeared unlikely to give Paulson the immediate and broad power he wants, Senator Shelby commented that the Senate needs to look to some alternatives. Senators from both the Democrat and Republican parties appear to be unlikely to must rapidly in passing the bailout measure--one that will be backed up by the deep pocketed *rigggghhht* American taxpayers. In a stunning moment today, Senator Chris Dodd commented on the bailout measure: "After reading this proposal, I can only conclude that it is not only our economy that is at risk, Mr. Secretary, but our Constitution, as well".. Senator Jim Bunning said, "It’s financial socialism, and it’s un-American".. Un-American? The Constitution is at risk? Without being a financial expert, it's obvious that the measure is not free-market. It's not capitalism, but instead is trying to rescue capitalism before the greed and excessive nature of capitalism destroys itself. The Roaring 20s saw the same greed and mismanagement. .this time the federal government is trying to hedge off the second Great Depression--and .. are we teetering on the edge of this? Not to cause further rampant speculation, but the fact that the government is getting involved to such a high degree shows the extent of chaos and turmoil we are on the edge of. The bailout plan appears to be hated--by everyone--including the authors! Paulson said, "It's embarrassing to look at this, and I think it's embarrassing to the United States of America" Embarrassing for the United States of America.. But what about the Constitution? Is Treasury readying the shredders? And if you're not worried yet? Think of this: The UNITED NATIONS is calling for global leadership during bad economic times, China wants a new world currency, and Iranian president Ahmadinejad said today that America is nearing collapse.. Worried now? Think about it...

Labels: Breaking news, Disgusting, Economy, Money, mortgage, recession