Just take 5 minutes and watch this Duck Tales episode which explains it in a way that even our short-sighted Senators could understand. If ever there was a time that I want you to spread the word about this website, today would be the day. Please copy the address from the permalink below and send it to whomever you think will watch it.

Well, the powers that be have come to a consensus and have proposed the updated version of the bailout. I think that it would be a lot better for the economy to FORCE the mortgage companies to restructure many of their shitty loans and use that $700,000,000,000 to fund it. Of course, the new proposal is $250,000,000,000 at a time.

No matter what your opinion of the bailout is, you better AT LEAST call your local representative. You probably should also call your 2 Senators and tell them what you think. I definately say call your congressman because he is up for re-election and will listen to his/her constituents. No matter what happens, the economy is going to suffer further and if they vote against what their voters want, they are going to get voted out.

Also, you might want to try calling both the local office AND the washington office. Why? Well...I tried calling my Senators' DC offices today. Arlen Specter's line is busy. Robert Casey's mailbox is full. I was able to contact them at the local office. But if you call AND get through on both lines, you will let your voice be heard twice.

The above witty cartoon is curtesy of Clay Bennett.

See the rest of this comic analogy on the raping of the taxpayer current financial mess we are in. Remember that we are talking about $700,000,000,000. The zeroes put it in perspective.

You might also want to watch this clip of Ron Paul on Faux News. Although he is a bit of a nut when it comes to foreign policy, I have yet to see him be wrong on the economy.

"Americans can no longer trust the economic information they are getting from this Administration... Secretary Paulson's market predictions have been consistently wrong in the last year."

— US Senator Jim DeMint - South Carolina (R)

Read the rest.

No matter what you think, you should call your local Congressman and your state's two Senators and tell them what you think.

Contact information for the US Senate.
Contact information for the US House of Representatives.

Do yourself a favor and only call YOUR Senators and your ONE Congressman. Don't call Ron Paul unless you live in his district in Texas. Don't call Obama unless you live in Illinois.

Now...for my opinion:

You know what will happen if we spend the $700,000,000,000 to buy all those worthless mortgages? Supposedly credit will be easier to get. But wasn't that the problem in the first place? Wasn't the problem that people were taking out mortages on houses that they couldn't afford, so they could live above their means? You know what? Maybe we should only take out credit when we are capable of paying it back.

Do you really think that THIS bailout will be the one that works? We have already spent $300,000,000,000 on bailing out AIG and Fannie Mae and Freddie Mac. If we do this, we will have spent...now get ready for it: $1,000,000,000,000 to fix this fucked up economy. Oh, by the way...when we print this money to buy those worthless mortgages from Wall Street, you know what that does to your savings? It devalues it. Alluva sudden, $1 today is worth $0.90 tomorrow. If you earn $30 in interest at 5% in a year, you still are effectively losing $30 (at 10% inflation you gain $30, lose $60).

And what happens if we don't do this bailout. They say that people will lose jobs. They say the economy will stop working. They say that companies won't be able to get everyday loans to keep their businesses running (does a healthy business need everyday loans to make payroll?). They say that mortgages will be more expensive unless you have perfect credit. Should we just trust them? What ever happened to those Weapons of Mass Destruction, anyway?

When I call my Senators and Congressman tomorrow, I will let them know (only my Congressman is up for re-election), that if they vote for this bailout, they will be losing my vote for them.

But if they were to include Sirius XM in their bailout, I will forgive them and give them my vote back.

Shortly after beginning an investigation critical of the TSA watchlist, CNN's Drew Griffin found himself on the watchlist. The TSA says he's crazy. Being a frequent flyer myself, I love the TSA AND their watchlist and would never, EVER be critical of it or its ridiculous strenuous security policies.

San Fransisco considers itself an "Immigrant Safe Haven" or something like that, which means that when it catches Honduran crack dealers who claim to be under 18, they pay for them to fly home to Honduras. Thus preventing REAL immigration officials from legally deporting them and thus granting them carte blanch to return.

...or so says University of Florida professor Michael Moulton. He is suing Thomas Bean, owner of Einstein notes for selling notes taken by students in Moulton's classes. He is claiming that selling those notes, created by his students, violate his copyright.

Well that does it. I will be creating a new category called Bad Law very shortly.

Judge Richard Bernat of Hamilton County Municipal Court in Kentucky ordered that bond for a theft from 18 years ago be upheld. The bond? $1,000,000. The theft? $20. Yeah, that's justice.

Maybe I should change Bad Cops to Bad Law? If I get a few more posts like this, I will.

An eager foster kid who dreamed of serving his country since he was 7 was denied early enlistment in the Marines because the judge that presided over his application, Marilyn Mackel, doesn't support the war. By denying him entrance into the Delayed Entry Program, she has cost him a $10,000 signing bonus and the ability to choose his career in the USMC (when he enlists after his 18th birthday).