$700 Billion Dollars & We Still Don’t Get It
 Am I the only one who sees through this mess on Wall Street and on Capitol Hill? O.K. I have to admit… I don’t normally watch television, however, I have been following the CSPAN coverage of the debates over the $700 BILLION dollar bailout bill in the House and Senate this past week. And, once again, I remind myself of why it is so important NOT to plug in to things I cannot control.
BUT - and this is a HUMONGOUS BUT…. I cannot help but respond to this situation with concern. Not because of what is reality at the moment, and not because I fail to see the need for action, but how even now, our leadership in this country does not understand that even the average person can see through this mess and what is going on here, and even with this passed bill, they are participating in the biggest failure of TRUE leadership in the history of this country.
Did you know that in the original bill passed by President Bush, it proposed to give a $700 Billion dollar blank check to his appointed Secretary of the Treasury? Did you also know that that gentleman was the former CEO of Goldman Sachs? One of the failing insitutions in this debacle that is now going to be the beneficiary of taxpayer bailout dollars?
And, has ANYONE stopped to think through what we are really doing? I mean, common… If all of these HUGE corporations are failing because of junk mortgages and paper, then why would we EVER propose that the American taxpayers buy them and expect a return? Even if we are buying them at pennies on the dollar? Hasn’t anyone heard that you get what you pay for?
And, has it occurred to anyone that the entire government, including EVERY SINGLE SENATOR AND HOUSE REPRESENTATIVE on Capitol Hill today, and all of the millionaire CEO’s on WallStreet who have sucked out millions of dollars in compensation over the last several years from the wheeling and dealing during the inflated housing market and frenzy of irresponsible lending, SHOULD HAVE BEEN ABLE TO EASILY PREDICT THIS CRISIS?
I believe that the Wall Street executives, with the support of President’ Bush’s massive deregulation policies over the last eight years, and with his buddy Mr. Polson, former CEO of Goldman Sachs, knew EXACTLY what they were doing. That they knew EXACTLY what would happen. And they also knew EXACTLY how they were going to BAIL OUT by creating a crisis for the American people, put them in fear of losing their retirements, investments, and homes, to ENSURE that they could SUCK IT ALL BACK IN from the American people when all was said and done.Â
And why would they do that?? So that the CEO’s of every single one of these huge conglomerates could have a feeding frenzy of MILLIONS of dollars in executive compensation - for as LONG AS IT WOULD LAST - AND UNTIL THE ENTIRE AMERICAN POPULATION WOULD STEP IN AND PAY FOR IT..
AND….
Do they REALLY BELIEVE that the American people are so ignorant and stupid and naive that we will just bend over and take it up the rear???? Well, that seems to be EXACTLY what the leadership of this country is proposing to do right now. And it is disgusting to see how our leadership, rather than taking time to look at ALL OPTIONS on how to solve the problem and act prudently, and HOLD ACCOUNTABLE - FINANCIALLY - AND LEGALLY - the CEO’s of each of the failing financial institutions, they expect the already struggling American people, to SUCK IT UP and do it for “America”…. THAT MY FRIENDS, IS THE POOREST EXAMPLE OF LEADERSHIP AND TEAM WORK I HAVE EVER SEEN IN MY ENTIRE LIFE.
This may be a simple, naive question, but can anyone tell me WHY every single executive from these major financial institutions is not sitting in JAIL right now awaiting trial for the MASSIVE negligence and FRAUD that has taken place here with the amount of wierd and strange transactions like hedging and other unusual lending transactions, that seem to have been drafted so that NOBODY could understand them? Didn’t ENRON set a precedence whereby we should have the RIGHT to put CEO’s of failing companies in jail, or at least MAKE THEM PAY for the mess they created?
I realize that this blog and the topics I choose to write about are usually about home-based business, leadership, and financial well being. So, I will now tie this discussion in to how this relates to me, and anyone else who is self employed in direct sales.
People ask me all the time whether or not my company or others like it in direct sales are a “Pyramid”. And usually those people who ask that question see network marketing opportunities as a situation where people at the top are making all the money, and the people at the start or bottom are making none. Well folks, if this situation does not PROVE to you that there is no bigger pyramid than Corporate America and the existing distribution of income in this country, than I don’t know what is…
In direct sales, the people at the top HAVE THE SAME OPPORTUNITY as EVERYONE ELSE to get there. It is not reserved just for people who come from wealthy families, already in positions of government contacts and people in “high places” like Mr. Polson, former CEO of Goldman Sachs.Â
And, in my business with Platinum One Destinations, the only way people at the top can get to the “TOP” is if they demonstrate that they can make personal sales of their own, as well as assist other people they bring into their downline in getting to the top as well.
In direct sales, people SHARE in the wealth - ALL THE WAY TO THE TOP.
I just think about this whole situation from my own perspective. I am a smart person, I am a dedicated leader in my field, I work hard, I pay my bills and mortgages, and I support my people. But what would happen if I started wheeling and dealing and sucking money out of people for my own personal benefit? Should I expect the American taxpayers to bail ME OUT???? So why should I be expected to bail out these millionaire CEO’s from their own responsibilities????
I realize that this is a very complicated mess. And I realize that it requires action. However, it also requires new leadership. It requires a BASIC RESPECT for the intelligence and integrity of the American people. It requires an APOLOGY from EVERY SINGLE LAW MAKER on Capitol Hill, for FAILING TO SERVE AND PROTECT the American people, while laws were continually proposed by President Bush, and SUPPORTED by the House and Senate, to deregulate the financial and mortgage industries. And, when we are going to go out and spend $700 BILLION dollars, it requires TIME to consider all the options, and DO IT RIGHT - NOT IN HASTE.
The Declaration of Independence declares that when the government no longer serves the people, that the people have the right to abolish such governement and reinstitute a new one. Folks, based on what I’ve seen take place over the last couple weeks, I believe it is TIME…
Your Partner in Prosperity,
Carol Ann Martin
Founder, Synergy Prosperity Alliance
Synergy Certified, Platinum Executive Leader & Instructor
Platinum One Destinations, Synergy Marketing Group
Learn more about Platinum One Destinations
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The latest events on Wall Street and Capitol Hill have been some of the most embarrasing, abhorent, rediculous in the world’s history. I have gone through the gamut of emotions regarding these events, as I’m sure you have too. If you read my last post you will know how I feel about what is occuring, and how I feel about how our elected leaders of this country are responding to it - and it’s not a favorable opinion.



