How many world renowned economists testified and/or helped draft the obscenity being called the "Rescue Bill"? None. Are ya kiddin' me? at least 400 economists, world wide are of the opinion that this "rescue" will be a boondoggle. The ONLY beneficiaries of this money will be the foreign holders of bad assets. The Treasury will pay good money to buy their junk. Why? Because if our Govnt. doesn't, countries such as China will start a massive shedding of the U.S. debt they hold. This would literally collapse the world bond market. The United States is being black mailed in to buying the bad foreign assets. Are ya kiddin' me? Who needs weapons of mass destruction? Our fabled financial institutions have given foreign potates the ammunition to destroy our country withou firing a shot.  The Treasury will buy damn near worthless assets world wide under the bill. We are being told these assets may one day turn a profit for the glory of the American tax payer. Are ya kiddin' me? Name one Govt. run enterprise that is "profitable. Hmmm...Social Security, Mediacare, etc. I don't think so. The U.S. Federal Reserve threw $630B at the globe the other day. Did any one notice it made no difference in the grand scheme of things. And we will throw at least another $700B up in the air. Are ya kiddin' me? Our Congress couldn't get the bill past the house of Representatives. They revised it to include among other things, a couple of billion dollars in funding for rural schools. The media is reporting this pork as "sweetners" to induce the house of Rep to pass the bill. "Sweetners"? Are ya kiddin' me. Where I come from we call this tactic "A FREAKING BRIBE."  Berkshire-Hathway has bought $5B of preferred shares in Goldman Sachs. They have also bought $3B of preferred in General electric. The media hails these investments as a sign of confidence in the economy. Are ya kiddin' me? Berkshire is going to receive 10% a year on these investments. That is $800M a year. Confidence my ass. I think it's a great deal for Berkshire and a desperate need for capital by the two companies. Citigroup bought some of Wachovias assets. Citi bank plans to cut its dividend in half and raise $10 billion in capital as it takes on Wachovia's senior and subordinated debt. Citis share price has been going up steadily since the deal was announced. Are ya kiddin' me? Two of the WORST financial institutions in the world make a deal and traders/investors laud it as a good thing. Are ya kiddin' me?  The lobbying is going on fast and furious to suspend fair valure accounting. Are ya kiddin' me? This would be tantamount to saying, "if you don't like reality, pretend it doesn't exist." Obama/Biden McCain/Palin are our choices for election. Are ya kiddin' me? We are so screwed.

Chump change, the 850 billion package will only buy enough cheese burgers to give everyone in the U.S.A. one for almost eight years. Thems a lot of cheese burgers!

I heard House was concidering my alternative - spend $900MIL on 6-packs - everyone will be happy.