Posted by
Jared Masters on Friday, June 12, 2009 3:22:03 PM
Biosolids? Polybrominated diphenyl ethers (PBDEs)? Perfluorochemicals? Bisphenol A? Do any of these sound familiar? Biosolids are sewage transformed into fertilizer, Polybrominated diphenyl ethers (PBDEs) is a fire retardant, Perfluorochemicals are used in the manufacture of Teflon and Scotchguard, and Bisphenol A is used for tinted Nalgene bottles, compact discs, and dental sealants on chidrens' teeth.
So what do all these have in common? They are very real "toxic assets" that the United States Government allows and in fact what members of Wall Street support as their feeding frenzy while standing on the premise that they're knowledgeable conservatives who want the government to stay out of issues such as health care where herein stated products like these have been found to actualize that patients be in need of doctor's fees. So what is the goal that is not out of character of what built this Country so great? The re-accumulating of mass amounts of wealth whereas our National G.D.P. is now 1.3 Trillion less than last year.
While so called experts of and from Wall Street advocate against anything that comes out of Congress and The White House such as T.A.R.P. funds buying up the "toxic assets" translated as bad investment properties, the real truth is that with a few important reforms in the H.U.D. program these properties wouldn't have to wait 5-10 years before they were again considered to be the "defining moment of an asset". The 5 years would turn into 1, and the 10 years would turn into 2. Especially now that Congress seems to be making historical efforts for partisan to really translate as an adherent support of The American Cause in the true art of bi-partisanship. And the surprising thing is even while they stick like glue to Party politics such as the Democrat's extended translation of diplomacy and Republicans re-grouping to rebuild it's base.
In view of all this, Treasury Secretary Timothy Geithner said July would be the target month for policy makers to begin assisting banks in selling these distressed assets. Never mind the fact that most of the TARP monies already went to everyone except the general public whereas the specific Legislation went through the authorization process via Congress. In just a repetitive mannerism paying very close attention to circumstances in whatever way, manner, or state. What part doesn't Secretary Geithner understand whereas Congress will be soon there after be entertaining ''the district work period'' and won't be in Session to delegate their extended authority? It's time for Secretary Geithner to quit bailing out the next "fat cat" in line and designate the TARP funds for which it was created. Especially when the summer months need all the construction support they can get all across America.
There's not much to say about Wall Street vs. Mainstreet that isn't already known. Wall Street is a highlight of our American way of life where main street can always reach in a realistic goal as an everyday life achievement. However, when is Wall Street going to get a clue that there would be a lot less micromanagement if they would actually start extending affluent hands down with real expertise instead of trying to create ponzi, pyramid, and/or other schemes that just plain cheat regular hard working Americans as well as put their way of life in danger?
Last words in the lane:
Supporting our Troops is just like saying, "hey dipsticks, they put their lives on the line for all of our freedoms". So why is the ACLU so adamant about putting our troops in purposeful & neglectful harms way with their insistent, nagging, whining little motion to have CIA detainee photos released under "The Freedom of Information Act?" All I have to say is that if insurgent violence increases upon the release of those photos, not only will the "President's Executive Order" be to late, but all that democratic diplomacy will lost as good as gone as goodbye.
The 57th Delegate...