The twenty five highest paid hedge fund managers are taking home more than a billion dollars a year and yet these are some of the people that the Bushites, want the American taxpayer to bail out, to the tune of 700 billion dollars.

The financial crisis of the world's greatest super power has reached disastrous international proportions, as major banks and financial institutions topple down like a pack of dominoes, the result of the deregulation of the global finance market, spearheaded during the Reagan and Thatcher administrations, and carried on in earnest during the Bill Clinton presidency. While Bill Clinton tours the world selling the American dream and being paid in mega bucks, the deregulation of the banking system, has caused the collapse of investment funds and the stock value that depend on them, which is most of Wall Street and the financial world. As Laurel remarked to Hardy, 'that's a fine mess you've got me into'.

What's truly mind boggling is the audacity, the arrogance of Bush and his marketing man, the Republican Treasury Secretary Henry Paulson, not short of a few bob himself, who have asked Congress to sanction a rescue remedy package that will see every man, woman and child in the United States fork out $3000 to cover up the theft of the nations wealth by the big bankers and racketeers for capitalism.

Is it any wonder that there is outrage across the entire country? The internet is choking with petitions, debates, and even satire about the Paulson plan and its consequences.

It's significant that opposition to the bail out is coming from right across the entire political spectrum though interestingly it is the Republican Party, who are split on the proposition and the Democrats who are pushing it. As the chickens come home to roost, Republicans have turned on Bush with a vehemence rarely seen in US politics. Its no longer 'Hail to the Chief,' but hail to the thief for there is no doubt that the fall out from the financial crisis will impact on the forthcoming congressional elections.

The false patriotism of 'My country right or wrong' has evaporated in the cold light of financial meltdown with 81% of the American people now stating that their country has been heading in the wrong direction.
On last Friday night's BBC ten o clock news, one of the most influential US talk show presenters stated that the majority opinion of callers to his programme was to let it all collapse and hit the reset button. In other let the meltdown happen.

The clear sense of outrage and disbelief among the American public that the bailout package they are being asked to pay through their taxes, is to rescue the banks and the investors. There is nothing in it for the millions of home owners who have been left without a roof over their heads or the thirty eight million going hungry according to the USDA. What is clear is the wealth of the rich has increased during the past seven years, to somewhere in the region of $ 3.5 trillion dollars, while the salary of the top five hundred corporation CEO's is an annual 15 million.

It's no wonder then that some of the most powerful Unions are circulating a sign on letter to Congress that reads' No deal, No blank cheque for a bailout that tells Americans they are suckers'. Other on line letters addressed to Bush state.' Please do not support the efforts to bail out mortgage holders and lenders with my tax dollars '.

But that's precisely what the Bushites propose to do. Having given huge tax breaks to the richest citizens and cut interest rates to 1%, hoping that American industry would invest in production and get the economy moving, they are now reaping what they sowed. American industry didn't bite but the Banks grabbed the low cost money and offered easy mortgages to many people who couldn't afford them in the first instance. In effect the Banks set up a shadowy banking system that took the mortgage loans and turned them into special investment systems that they could trade in.

These shaky mortgages with their IOU attachments were sold in bundles by Wall Street, around the world. By the time Banks and mortgage lenders in dozens of countries including the UK, discovered that the billions, perhaps trillions of the US IOU's were not worth the paper they were written on, and as the mass mortgage defaults hit and the shadowy banking system began to crash, it was too late. Because there was no transparency in the system, no one knows even with the bail out, where the toxic debt lies or who owes what where.

The tragedy is that the greed of the financial speculators is already hitting hard the most impoverished American citizens, and it is they who will suffer most in the years to come. Some five million Americans have fallen into poverty since 2001. Millions more have lost their homes. Bush has stated that Social Security is broke. That's because the Bushites have spent all the money on wars and military hardware building up their imperial power in the face of a Congress that refused to exercise its own constitutional power and permitted a man who was elected by fraud in the first instance, to bring what was once a great
country to its knees.

It's a pity that many of the now outraged citizens of the United States did not realise that they were all being taken for suckers by the Bushites, who now expect them to sort out the mess.

Mission Accomplished, the Bush/Cheney adventure in Iraq, predicted to cost some fifty billion dollars has now cost over 600 billion and is still running. The cost in lives of United States soldiers is over four thousand but the estimated death toll in Iraq is over a million.

The American taxpayer must surely be asking for what and the answer is for Bush and Cheney and Rumsfield, for the greed of the oil cartels, the bankers, the investors, and the expansion of the American empire and the political ambitions of their President. Bail them out! The whole lot should be brought before the World Court at The Hague and tried as war criminals.

The dead, the impoverished, the homeless, the veterans of wars, indeed all whom have been complicit in the military-industrial complex of globalisation the result of which is the current financial, social and moral disaster, the cost of which will be passed on to future generations, should demand nothing less.