and what comes to mind? A lazy person that didn't work hard enough to achieve the American Dream of a house and a new car? Someone that didn't get enough education to be employable in the New American Economy of temporary jobs and offshore manufacturing of our daily consumer product needs, everything from shoes to toothpaste?

Think Bankruptcy, and what comes to mind is the American financial system, run by Harvard MBA's (like President Bush) now seeking loan guarantees underwritten by the United States Government (actually by We the People, who are going to be on the hook for the payback through our income taxes.)

The Secretary of the Treasury, the head of the Federal Reserve Bank and the Congressional leaders are working to "craft legislation" to "bail out" some of the largest financial institutions of our country called the "Troubled Asset Relief Plan," (TARP) that is going to give the big "Money Center Banks billions and smaller banks tens of millions of dollars.

Keep in mind that a couple of years ago these same legislators "crafted legislation" applying stricter rules on bankruptcy for We the People that are victims of the Free Trade Agreements  that they negotiated in favor of American corporations and their not enforcing the immigration laws. Now Americans have to take and pay for "financial planning" classes as well as go through the court process to get relief from creditors. (Most of the consumer bankruptcies are created because Americans do not have adequate medical insurance.)

Concurrently, the Detroit auto industry  asked for billions of dollars of loan guarantees to underwrite the former "Big Three" of the American auto industry's revamping their production facilities; a re-engineering that will lead to less jobs due to the increased computerization of of manufacturing processes. Now that the automakers are going to be required to build more "fuel efficient small cars" will Americans want to buy them? Click Link:

http://www.communati.com/steve-lee/think-american-car

Can the "Plug-in Electric Car, Chevy Volt save General Motors? Click Link:

http://www.communati.com/steve-lee/think-car-design 

The next problem for the American economy is not going to be happening on Wall Street, Click Link:

http://www.communati.com/steve-lee/think-china 

At the same time that the banks are floating in US Government dollars they are raising monthly interest rates on the credit cards that Americans use in their everyday business:

http://www.communati.com/steve-lee/think-credit 

The completion of the pre-Presidential Election article continues below; 

Update: September 27 The first of the Presidential Debates was held on Friday night at "Ol' Miss,"   The University of Mississippi where, in the 1950's,  Barack Obama would not have been able to attend college due to state-sanctioned racial discrimination.

The nationally televised forum was scheduled to be about "Foreign Policy" but since the broadcast, print and Internet media have been focusing on the "$700 Billion Bail-Out" of Wall Street and the American financial industry, 45 minutes of the allotted 90 minutes were focused on the financial crisis. (Which is the ultimate "National Security Issue.)

John McCain repeatedly began his statements with the phrase "Senator Obama doesn't understand..." as he repeated what he has been saying in his campaign appearances and television ads.

Senator Obama also restated his early opposition to the Iraq war. The "debates" are going to be more recitation of the candidates now familiar positions on the issues prior to the "Financial Crisis"

As this Bailout of the Financial Industry continues it will have an effect on the Presidential Election;, the two dominant political parties support the same environmental law, Click:

http://www.communati.com/steve-lee/john-mccap-and-trade-has-few-ideas

As the Presidential Election Campaign finally nears it's climax, We the People are subjected to endless phone calls, Click:

http://www.communati.com/steve-lee/think-privacy

There is a new Theatre in the "Town that the Mouse Built," where actors in the community joined together to present stage productions, in their effort to Build A Better Mouse Town, "

http://www.communati.com/steve-lee/orlando-actors

Build A Better Mouse Town Copyright 2008 Steve Lee All rights reserved

Think Democracy and what comes to mind? Copyright 2008 Steve Lee All rights reserved

broadcast, print and Internet media Copyright 2008 Steve Lee All rights reserved

Think Privacy and what comes to mind? Copyright 2008 Steve Lee All rights reserved