Cause the Problem, then Solve the Problem!

Here is a case where the Congress, White House, and financial media cause the problem by their continuous fear-mongering about another Great Depression instead of telling everyone that the financial systems are fundamentally sound, but may have some work to do. People understand that issue, but this constant mongering about the "sky is falling, the sky is falling..." that unless we do something all hell will break loose.

Ask yourself this question: when has Congress ever done something under this type of duress that has worked out? It has taken over 13 years to get into this problem beginning with the changes of the CRA in 1995 to force loan making to low income neighborhoods, and the repeal of the Glass-Steagall Act in 1999 both during the Clinton administration, and we should feel good about finding a solution in 2 weeks? The credit markets have been slowing down for over 18 months, why now do we have to do something so fast?

Why aren't the financial media types showing the smaller to medium-sized banks that are lending and helping small businesses? Why are they only showing the fear-mongering types that have made the bad financial decisions to own these toxic CDOs and SIVs? Just follow the money. Those that are for the bill (banks, investment types, media-types) are those that will benefit from its passage. Why is main street America against it? They know that this is largest bail-out of those that made bad decisions, and want nothing to do with it!

Prediction: it will pass and America will go down starting from here since government will never let the markets be free again. You will hear:

"We can't do that, look what happened in 2007-2008!"

"We have to control the markets since they can't do it themselves!"

"See what they did in 2007-2008!"

"See how the taxpayers got stuck for the bail-out in the year!"

And the fear-mongering goes on with the Republicans now whipping up the fear and getting ready to vote for it while their constituents are still fully against it. Rep. Boehner (R:Ohio) has the audacity to say that with over $5 Billion in new pork, its a better bill! Wow! If Ohio sends this guy back to Congress, they deserve what they get!