This bail-out, if carried out, will be one of the biggest scams ever perpetrated on the tax-payers/voters by our politicians.

But why should our politicians stop screwing the tax-payers/voters, when most voters will continue to repeatedly reward incumbent politicians in do-Nothing Congress with 85%-to-90% re-election rates, despite dismally low approval ratings for Congress (The voters' rhetoric and (as low as 9%) ?

If tax-payers/voters allow this to happen, they will be getting what they deserve (again).

The talk of profits is pure nonsense. These corporations are going to try to unload their most toxic debt first. Much of this toxic debt is already worthless.

The additional borrowing, creating money out of thin air, and tax increases required for this bail-out will create more inflation.

Inflation is already out of control, but it could get a lot worse. Also, the reported 5.37% inflation is a fraud. Inflation is really worse. The method of measuring inflation has been changed twice (once in 1983, and again in 1998).

Based on pre-1983 inflation measurment method, inflation is currently 15.6%.

Based on the 1983-to-1998 inflation measurment method, inflation is currently 9.8%.

Yet, watch what happens on 4-NOV-2008.
While re-election rates for do-Nothing Congress are likely to fall a few percent, re-election rates will probably remain above 83%.

Start _ End __ Congress _ Re-Election _ Party Seat-Retention
Year __ Year ____ # _____ Rate ________ Rate
1989 __ 1991 __ 101 ____ 90.1% ________ 99.6%
1991 __ 1993 __ 102 ____ 87.7% ________ 98.3%
1993 __ 1995 __ 103 ____ 73.5% ________ 98.1%
1995 __ 1997 __ 104 ____ 79.8% ________ 88.2%
1997 __ 1999 __ 105 ____ 77.4% ________ 98.7%
1999 __ 2001 __ 106 ____ 89.2% ________ 99.3%
2001 __ 2003 __ 107 ____ 89.2% ________ 98.7%
2003 __ 2005 __ 108 ____ 87.9% ________ 98.1%
2005 __ 2007 __ 109 ____ 88.6% ________ 98.7%
2007 __ 2009 __ 110 ____ 84.9% ________ 93.1%
____________ AVERAGE = 84.8% ________ 97.1%

Start _ End __ Congress _ Re-Election _ Party Seat-Retention
2009 __ 2011 __ 111 ____ 83.0% ________ 90.0% (ESTIMATE)

Democrats will probably pick up some seats, and Republicans will probably lose some more seats.
But will it really make a difference?
After all, what has do-Nothing Congress accomplished since 7-NOV-2006 ?

Were any of these abuses of the last 30 years reduced or eliminated, which are continuing the deterioation of the economy and the middle class?

Were numerous constitutional violations stopped? No.

Were U.S. Troops brought home? No. Is the occupation of Iraq the best way to make the U.S. safer?

Was government corruption, pork barrel, corporate welfare, subsidies , and waste reduced? No.

Was there any campaign finance reform or ethics reform? No.

Was illegal immigration stopped and existing laws enforced to prosecute illegal employers? No.

Were election problems reduced? No.

Was the National Debt reduced? No.

Was the dishonest, usurious, predatory, inflationary monetary system (a classic pyramid scheme) corrected? No.

Was there a reduction in inflation? Did the U.S. Dollar get stronger? No.

Were taxes made fairer and less regressive? No.

Were there any overall improvements in education? No.

Were there any overall improvements in healthcare? No.

Were there any improvements in the economy? No.

Was there a reduction in foreclosures? No.

Was there a reduction in job losses? No.

Was there a reduction in nation-wide debt? No.

Was the plunder of Social Security surpluses eliminated? No.

Was the growing wealth disparity stopped? No.

How many raises did Congress get between 1997 and 2007 ? Answer: 9 raises.

Is there really any significant difference between Democrat and Republican politicians?
Or is all of the circular partisan-warfare merely a clever mechanism to distract most voters, and trick them into pulling the party-lever again and again and again?
Even if most Republican politicans really are more evil, what good are Democrat politicians if they merely whine, but always cave-in, look the other way, and always go along, and simply follow the Republicans' lead?
When so many (if not all) incumbent politicians in BOTH parties are so corrupt, irresponsible, incompetent, FOR-SALE, and fiscally and morally bankrupt, does it make any difference?
Who can name 50, 100, 200, or even 268 (half of 535) incumbent politicians in Congress that are not FOR-SALE, corrupt, irresponsible, incompetent, and/or wasteful?
How can any voter be a cheer leader for any of these incumbent politicians?
How can any voter believe repeatedly pulling the party-lever will make things better, when the severely bloated and corrupt government grows more bloated and corrupt every year?
How can a nation that had so much, not only accomplish so little, but actually go backwards in so many different ways?
How can younger voters, seeing the massive debt being piled on them by incumbent politicians in BOTH parties, reward those same incumbent politicians with perpetual re-election?

What's it going to take to get enough voters to stop repeatedly rewarding bad politicians with perpetual re-election? Will enough voters be less apathetic, complacent, and blindly partisan only when enough of the voters are hopelessly deep in debt , jobless , homeless , and hungry ?

At any rate, the voters have the government that the voters elect (and re-elect, and re-elect, and re-elect , . . . , at least until that finally becomes too painful).

AP, there are other and very possibly better approaches than tax payers buying these failed mortgages. But, none has as even close the potential of consensus as the compromise now being worked on.

WaMu is edging closer to failure as credit requests are denied. Unemployment is going up as we type. Businesses are laying off knowing the declining consumer activity is going to hit their bottom line hard in the coming year. Foreign central banks and corporations are waiting with baited breath to see whether there will be a green light or red light coming from America for recommencing international investments and loans.

More and more are saying there is no rush here. They are wrong. There is only one opportunity here to ease the impending recession, and it is now. The risk of recessions is always that they worsen, and recessions by definition limit the tools available to wrestle with it.

If this rescue doesn't occur, it will be akin to being in the ring with one hand tied behind one's back fighting a two handed opponent, and pausing to invite another opponent to step into the ring as well.