If (Or what the Bear Stearns deal reveals about our nation)

If a middle-class person files for bankruptcy, his credit is wrecked ... no credit cards, living paycheck to paycheck.

If a small company runs out of work, they close their doors. They sell off their equipment at pennies on the dollar.

If a large institutional bank makes risky investments, and the market collapses, that company is sold at pennies on the dollar to the next biggest bank. The economic food chain continues.

The whispers on Wall Street prior to the Bear Stearns collapse ... J.P. Morgan buying their competitor at an extreme discount, including a Manhattan building worth over a billion dollars ... executives for Bear Stearns selling their shares a couple of months before the ultimate collapse, the iceberg clearly in site as the U.S.S. Titanic rode full steam ahead, the hopes and dreams of the American homeowner riding in the hull.

The geniuses on Wall Street have played the system like a fiddle. Their MBA served them well. The ethics training they received at school was nodded and winked at.

The business schools will take the lessons learned and indoctrinate future MBAs with the political wisdom imparted by Henry Paulson and J.P. Morgan ... they will learn that the former head of Goldman Sachs can drive the Treasury to give taxpayer dollars to risk-taking banks in exchange for worthless paper ... they will learn that the link between government and Wall Street will protect them when they make mistakes ... "So, go ahead," the professor will say. "Take a risk. You won't pay if you fail."

Such a corrupt system, where ethics is replaced by a mix of laziness and fortune at all costs, leaves our nation open to outside influence.

Obama: How DOES He Raise $55 million in One Month?

Michael Savage raised this question tonight -- how did Barack Obama raise $55 million in February?

It's an excellent question. The MEDIA seems to shrug their collective shoulders and accept this as a byproduct of Obama's "Grassroots movement."

I know from personal experience that raising money on the internet is damn near impossible ... if you're an honest guy. Now, if you're a snake-oil salesman, or a spammer, or an aggressive con artist/hot chick, or a purveyor of porn/voyeurism/prostitution ... then I could see you making money!

Now, if you're an honest guy and you find a decent method, like Damian did with PPP, you can be sure that Google will eventually "Layeth the Smacketh Down" on that candy web trick ... I've read about this for years on Addme.com -- "Oh, Google figured out how to stop this technique we've used for getting hits, but they haven't figured out THAT!" And then in three months, another technique ... then, another, and another.

Truthfully, you either have to be dishonest or so cynical about the way the internet works that you don't care about pre-internet morality and ethics. An argument ... let me rephrase, a STRONG argument can be made that, like the wild west depicted in movies, business morality and ethics practiced on the internet is not practical for most people trying to make a buck on the web.

Which brings me back to Dr. Savage's question -- how does Obama do it?

And who benefits?

I believe some people have bought into his snake-oil salesman's charm ... it seems to be a mix of "He's the new JFK!" and "He's a good speaker!" But is this grassroots religious fervor worth $55 million?

Perhaps enemies of Clinton are gleefully backing the new upstart ... perhaps the "Pink hand" is giving Obama a boost in exchange for a promises ... perhaps the corrupt Chicago political machine is working overtime....

It would be nice if the MEDIA would investigate this....