Wall Street bailout - socializing risk, privatizing wealth

Why is that every time bad investments made by private institutions go belly up, the U.S. taxpayers are called upon to socialize the financial risk? WHY?

Why is it that suddenly, government isn't the problem, it's the solution?

Democrats and Republican lawmakers are to blame for the current mortgage and investment banking crisis. From a legislative perspective, they saw this coming years ago and did nothing to stop it. This has happened before. Remember when taxpayers were called upon to bailout the Resolution Trust Corporation and the S&L crisis in the 1990s?

When will we hold politicians and powerbrokers in this country responsible for believing risk should be socialized, but wealth must be privatized?

Now the Bush Administration is asking Congress to create a new commission that will be solely responsible in determining which Wall Street fat cats get bailed out, and which don't. They want to take away Congressional oversight of how taxpayer money is spent - or at least $880 billion of it - and use this new authority to keep investment banks that made shaky mortgage loans from going completely under, saying the action is critical to the health of U.S. consumer financial health - retirement savings and investments, etc.
I'm not convinced, especially when a bailout comes with no explanation of how we're going to avoid this again in the future. It's like continually giving loans to a gambling family member who never pays the money back, or fixes her problems, but just keeps going to the casino.

Where is the money going to come from given everything that's being pumped into two wars, a decreased taxbase because our jobs have been shipped overseas, and tax cuts for the wealthy?! Ahhh, let me guess ... the Social Security Trust Fund, perhaps? What they couldn't accomplish through Congress a few years ago - privatizing Social Security - will now come to pass.

Currently, our debt is being financed by the Chinese. How will this debt be repaid? Say good-bye to U.S. natural resources, and expect Obama, if elected, to serve one term. Why? Because the Democrats are going to have to raise taxes to such an astounding degree, and they'll do a crummy job of explaining how the Bush years go us into this mess. And no matter ... you'll turn on the TV to watch the new season of American Idol and forget all about it.  

Get UPPITY! Let your Wisconsin Senators know what you think about this.