In an effort to wring every last cent from anxious investors who've already lost a significant chunk of their retirement portfolios' worth, financial advisers are now saying that the impending $700B bailout is going to stabilize the housing and stock markets, and that investors should buy, buy, buy! Gee, where have we heard that before? How about after each government intervention during the past year? Lowered prime interest rates. Rescue Bear-Stearns, rescue Fannie/Freddie, rescue AIG, and now $700B of free money for losers. And don't forget, immediately after each rescue all the experts said that, if it wasn't for the government rescue of Company XYZ, the global markets would have crashed and the planet would have dived into a financial meltdown.

Yeah, right.

Not only is the latest bailout proposal the largest in history, it's also the worst financial decision in history. We are going to give money away to companies that are in dire financial straits. It's that simple. We're "investing" our tax dollars in the very companies that were the most mismanaged and thus suffered the worst losses. Is that the way you would invest your personal savings?

And to add insult to injury, reasonably smart taxpayers like myself who stayed out of the housing market the past six years are going to suffer because the idiots in Washington feel it's necessary to give my (and my children's) money to companies and individuals who made bad financial decisions. I mean, WTF?! Be smart, get punished. Be a greedy asswipe and get rewarded. Apparently that's the new American Way.

There's probably nothing any of us can do to stop the Bush Administration and, by The Order of the Subservient Sheep, the Democratic Congress from giving away our money and, in the process, spitting in the face of our youngest and soon-to-be taxpayers who will have to carry the burden of this financial ruin for the next several decades.

Right now the Congressional Democrats are pretending to stand up to Bush by insisting on a better method of giving away that $700B, but in the end it's all the same old same old. Bush will in essence get his way as the Dems roll over and lay back down in their still-warm spots, waiting to receive and follow Bush's next demand.

Only in the U.S. government will you find success in enacting the worst possible laws while its taxpayers, after 7+ years of being ramrodded over a wrong war, worstening healthcare, increasing unemployment, a national infrastructure as tenuous as a stack of Legos, decreasing real wages, worsening climate and loss of constitutionally-backed personal rights, still take it all and go back to watching American Idol.

We are SO deserving of what we get.

{cross-posted at Daily Kos]