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The problem when a government administration is faced with a rather large problem, their provided solution is normally laced with the political party agenda of which would normally be thrown to the wind or watered down when debated with the political opposition of course that relates to media and public opinion when poled.
However 9/11 allowed an administration political party to introduce a big brother agenda when the public was horrified that terrorism could cause such devastation and loss of life on US soil. The same administration had a problem that China was making headway with a supply line direct from Iraq through Afghanistan to connect to there own and India's. Afghanistan being the HQ of Bin Laden (the Sin Bin) , that was the assumed to be the power behind the terrorist group that inflicted the horrors of 9/11.
This led to a global chess move the White Bishop moved to the square marked Afghanistan and the White Queen to the square marked Iraq. The Black King was placed into check and had to move and rethink what to do to get cheap oil and gas with out the fuel supply speed of delivery being controlled by USA. Now we are within a recession that government had prior warnings about as soon as a re-estate boom ended and house and property prices hit a too high peek and the period of super deal mortgages attracted many people that really could not afford and had already mountains of debts in a credit card society. Buy now and pay later and the keep up with the Jones got completely out of hand.
The warning was clear on the property for sale boards expanded and defaults on mortgages statistics rose at an alarming rate. Then house and property values dropped drastically. That was really the time that a bailout should have been applied before the hype started to be more a problem than the problem it self. The domino effect, that started the banks to call in debts and cut overdrafts.
Then further dominoes fell as stocks and shares decreased and market expansion had been stopped, the manufacturing industries relied on loans and overdrafts. More hype expanded and also American securities in banks overseas became almost worthless and banks stop lending to each other. International companies joined the smaller companies in down sizing and saving on salary over heads.
More hype un-employment figures increased alarmingly, the next domino was that luxury products stayed on the shelf, more down sizing…. A social democrat Gordon Brown prime minister of United Kingdom and also a financial expert an the ex-chancellor of whom is New Labors economy wiz kid. Came up with a bailout plan and something that has made just me realize the social democrat politically motives of the plan.
Looking at the plan I can see the sense in insuring citizen's deposits and savings and the cutting of the direct tax, VAT and raising the tax fresh hold on the lower paid workforce and in socialistic terms heightening the tax fresh hold on the executives and higher wage earners, though that was only needed to nationalize the banking system. I am calling this Bank bailout in its real term nationalization. It has a hidden factor of a power shift from the puppet master elitist to the politician elitist. Now it will give governments that impose the Gordon Brown plan the ability of scrutinizing the banking accounts of businesses and those that run them plus the money sent or launder out to offshore banks.
Even your bank account to access your tax returns. Big brother moves one pace forward and it's a big one and I am just skipping though just some of the power that bank or part bank nationalization gives the government. If there was not a financial crisis such a plan would never get to the debating table, the media would tear holes as big as Mount Everest in the plan as its nationalization. It now explains why the opposition is hyping and feeding the media they know it's crafty but also know when it's their turn to run the administration it's a powerful big brother tool bought with your tax money.
Of course I could be wrong and the present bail plan is just that a bailout plan, but what do you think? Please remember I am non-politically motivated and this article comes from a center point position with no political motive what so ever.
The article is not propaganda so please do not attack the messenger just the message. I am just a worried world citizen skeptic that politics is a profession that is honest and sincere as projected by the politicians what ever their "ism". .
