Wednesday, September 17, 2008

Full-Blown Financial Meltdown on Dems' Control

Well, I am writing this with some trepidation. The news today of the US federalizing one of the largest insurers of property [AIG] at what may be the expense of those dependent on Social Security and Disability incomes, is staggering in a bad way. It is a bad and dangerous precedent because the US taxpayers cannot bail out every insurer and every bank in the US--it is not the duty of taxpayers and it is not feasible. Also, the news that the FDIC is experiencing its lowest level while at the same time the numbers of banks failing are hitting high marks, is more evidence that the Democratic Control of Congress since 2006 was a fiasco! You could read the article about the FDIC that I read on this link from earthlink news, business section:
http://my.earthlink.net/article/bus?guid=20080916/48cf2f40_3421_1334520080916497136814/

What makes this an ominous sign in my way of thinking is the absolute unwillingness on anyone's part to admit that socialised risk is a HUGE failure. The insurance companies around the world have depleted all their money paying for Katrina, Ike, Hanna, that bridge collapse in the North,the flooding in the Midwest this summer. They have had one natural act of GOD after another and yet they still don't get it. They fail to realize that you cannot insure against acts of GOD; and they fail to realize that you cannot insure against human stupidity either. Acts of GOD are meant by HIM no doubt to be catastrophic, cataclysmic, world-changing. And they do, inevitably accomplish that. It is written, 'behold, a whirlwind of THE LORD is gone forth in fury, even a grievous whirlwind, it shall fall grievously upon the head of the wicked." [Jeremiah 23: 19,KJV] Governments trying to insulate the wicked from the wrath of GOD end up impoverishing the nation. The human acts of stupidity are trying to build cities on blood, or in the ocean, [New Orleans]. It is easy to see why GOD would have been angered at New Orleans. The same weekend of Katrina was the decadent, immoral, abomination of sodomy on parade, and voodoo and idolatry are rampant there. And why those cities built on blood to use the Bible's words, are hit with the wrath of GOD also. It is written also, 'woe to him that buildeth a town with blood, and stablisheth a city by iniquity." Habakkuk 2:12
signed gloria poole, RN and artist, Denver CO 80203 [whether I sign this or not it is my blog and my writings,always.]

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