Running in circles and running out of time

Like hamsters we are still spinning our wheels and going no where as far as I am concerned. I have yet to hear any mention of the w word that is wages. But hey whatever floats your boat. Yesterday I was listening to a congressional hearing and one of the congressmen said the same thing I mentioned earlier that the money that is being thrown at the banks and corporations is like putting your money in a bag with holes. And that is exactly what it is, putting money in a bag with holes because it is not and will not reach those who need to have so the wheels of the economy and get some grease and start moving again. The bailout money is only going to circulate at the top is only going to circulate at the top and will not reach the bottom.

It just does not take a rocket scientist to realize that if people do not get fair wages they will not have any money to pay their obligations and what is going to happen is after every thing has been done to help Wall St. there will be nothing left to help Main St. This is something I truly do not understand. And I know the economic theory to keep wages low is to prevent inflation but I would rather have inflation due to wages than due to a devalued dollar. And that is exactly what is happening is the dollar is being devalued tremendously due to these various fed facilities that are in reality replacing the investors that once purchased the securities that were issued by banks and corporations and in order to buy these securities the fed has to print money. And adding to that dollar printing is the dollar printing when the fed cuts interest rates and that further sinks the dollar. And so it goes…