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Your Congress, with Dodd and Frank and others, fomented and abetted a financial crisis, which has had the effect of stripping $ 7.5 TRILLION from the value of American homes and $ 7.5 TRILLION from the value of Americans stock holdings in their 401K’s and IRA’s.

They also spent a total of $ 2 TRILLION last year between stimulus, TARP,pork, and Federal Reserve pumping money into the banking system.

Now they want to spend $ 819 BILLION. And that isn’t all!

Mr.Geithner now is pushing for a national bank to take over “toxic assets” to the tune of $ 2-3 TRILLION.

Not only have you been personally looted by your own Government, but so have your grandchildren and great grandchildren.

And with this proposed spending, there will be massive inflation by the end of 2009 into 2010, that will further erode your savings. Looted again!

Just remember, this money represents hours of your life that you spent working to build your future, and Congress squandered it.

Angry yet? Pick up the phone on Monday and let the grifters in DC know how you feel. After all, you’re paying for this fiasco.

No, I am not angry, and your claims are ridiculous. US real estate is worth about what it was in 2005, in the aggregate. Single family homes more like what they were worth in 2002 or so, but we've added more houses and more commercial real estate to the account in the meantime. As for the value in stocks, it is just a roller coaster since the 2000 top, no net movement to speak of. Tops that big take 10-15 years to be permanently surpassed, and that is all. Anybody who thought the 2006 peak prices were all real and permanent was just smoking something.

We have a $14.3 trillion a year income, and we can readily afford all of this. Anything that gets the economy growing again is well worth it. The Fed and Bush treasury were doing the right things, and Geithner will as well. Populists left and right throwing bombs are doing their best to wreck everything and make it all worse, but they will not be allowed to run anything.