No, this is not an essay on some X-rated movie.  It is about how the government and Wall Street have continually conspired to take and use any new money it can get its hands on, which, now means YOUR money.

The latest new “idea” floated by FDIC Chairwoman Sheila Bair is to have state pension funds buyout failed banks.

Now, I am not totally ignorant about economics, nor, am I a studied professor on the subject.  However, I’m not sure who could glean any meaningful information out of the following:

In a speech to the National Association for Business Economics Washington Policy Conference, FDIC Chairwoman Sheila Bair outlined what she called “a pre-funded resolution mechanism,” but did not specify what exactly that is. She instead said it would be “similar to the FDIC’s receivership authority for failed banks,” exposing only shareholders to risk, as opposed to the bank bailouts that saw billions of taxpayer dollars funneled into a near-crippled financial system.

“Shareholders and creditors would bear the losses, not the public,” she explained. “But, the process would be orderly and help prevent a catastrophic collapse of other firms.”

Go ahead, do your head shake to clear the cobwebs, and let’s talk about the latest plan for the government to get their hands on YOUR money.

The state of South Carolina continues to disappoint its citizens from its elected politicians and its state law enforcement division down to its media.  Politician’s in South Carolina simply have no fear of being held accountable, and thus, continually take actions from openly lying to its citizens to brazenly breaking the law.  

The only accountability these politicians fear is that they will lose their elected positions.  That accountability, however, rarely happens as voters are continually left uninformed about the actions of these politicians by a media unwilling to damage the dominance of the GOP in the state.

The most egregious example of this circle of corruption stemmed from the arrest of Republican State Treasurer Thomas Ravenel.  Thomas Ravenel was elected to office in 2006 and had been office six months when he was arrested for the purchase and distribution of cocaine by the FBI.  What makes this case so egregious is what it actually took for Thomas Ravenel to be held accountable for his actions, and, what his accountability turned out to be for his actions.

The election of 1994 was a referendum against Democratic rule.  The House saw a 54 swing in votes from Democratic to Republican.  The Senate saw an 8 seat swing from Democratic to Republican.  It was an election where Republican politician’s promised, through the “contract with America”, that members of Congress would be held to the same standard as the rest of the country.  America responded to that promise.  

By 2006, America came to the realization that Republican’s had broken that promise.  The lies from the Bush administration, about the secret energy task force, the Iraq war, spying on American’s, and torture, had finally taken its toll on the GOP with voters.  In the 2006 election, the power of Congress again changed hands because a political party had lost its credibility with the public.

The 2008 was a continuance of the 2006 election for the fact that the Democrats in Congress seemed unable to govern with the slim majority they had gained two years earlier.  The excuses were that they didn’t have the votes, they didn’t hold the Presidency, and without those things, they simply could not govern against the GOP.  Voters responded by giving the Democratic Party the majorities necessary in Congress and the White House.

Now, it is the Democratic Party that is again facing a loss of credibility with the voters, and, it started with President Obama’s decisions and actions that, once elected, were contrary to what was promised on the campaign trail.

We know now that our nation, the one that our founding fathers fought for, is over.  That democracy, the will of the people to decide their fate, is over.  

The Supreme Court, with its corporate judges, has spoken.

A corporation can “legally”, and directly, buy our government, our Presidents, our Congress, and our elected judges with unlimited cash.

But, it is so much worse than people think…