Big money, Big PRIZES, IIIIIIIIII love IT!

[grindmonkeh]

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."

Section 8 of the 700 billion dollar bailout legislation proposed by Henry Paulson.

HA! I just found this link in Trabellenguas's's's journal...

Subject: REQUEST FOR URGENT CONFIDENTIAL BUSINESS RELATIONSHIP

funneh.

Not really.

"Main Street is Toast."

In initial and pre-implosion conversations I've stated that this and the rest of our gigantic debt is all just an imaginary number. Make believe money. Only now they've put it into context...you and I are going to pay for what amounts to a huge loss from others' capitalistic gambling. It's no longer a game without rules for investment and numbers of lore for American citizens. Right now the GOP is haggling for CEO pay in the bailout...ensuring that these gamblers will still get paid...from our tax dollars. The rest of the world is about to stop seeing our debt as an imaginary number as well. The price of our dollar is about to plummet. The banks will be fine post-bailout...we'll be bent over and fuct.

For one, the price of gas is bound to sky rocket as the value of our money on a global market for oil takes a huge hit. Gas prices have been dropping lately, and even while I can't find any direct point of reference for this from the news in the past week, the following explains how the impending decrease in the value of our dollar is going to effect the price of gas...


The steep increase in the price of crude oil in the United States remains a headline issue, along with the falling US dollar. The drop in the dollar has caused concern in oil-producing countries which use it as the economic basis for the commodity, and often their currency. The chart below shows the spot market price of crude oil per barrel (BBL) in US dollars and in euros from 2001 to today. The price of oil has grown faster relative to the dollar than to the euro. Yet, a portion of the rise in oil prices is due to the fall of the value of the dollar. The graph also shows the number of barrels of crude oil per cost of an ounce of gold, demonstrating the parallel growth in commodity pricing.
If the US dollar had remained strong in the global economy, oil might, in theory, be around $65 per barrel. However, oil is priced in dollars, and oil prices continue to rise. The impact of increased oil prices can not be ignored in the US economy, and, in turn, can further weaken the dollar. Resource economics is a complex feedback loop where today’s resource boom is driven by many external factors. This complex system bears watching by all geoscientists. - The American Geological Institute (http://www.agiweb.org)

See the connection...dollar weakens in our economy...oil/gas gets more expensive because our dollar on the world market is worth even less. Hopefully I'm wrong. That happens too.

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Barack Obama: Reforming Washington
Green Bay, Wisconsin - Sep 22, 2008

I highly recommend that those who are going to vote spend some time looking over factcheck.org. I also assure you that every Obama ad that has been misleading is picked apart just as thoroughly as any Republican ad...and there are several.

Comments

[jack-the-tyrant.livejournal.com]

This post was helpful for me. I appreciate your thoroughness.

Thank you.