So how is our $300 billion Wall Street “Investment” working out for us?

We are about to release another $350,000,000,000 (I wanted you to see the zeros)  in bailout money we don’t have into the atmosphere, so I thought you might like to see how well those companies that we gave the first half of our bailout money to are doing.

There is now an official NASDAQ index tracking these thieves to let us, you know, let us know how our “investment” is doing. A company named. You can see the list of the companies who joined in on the government money picnic here.

Barack Obama is going to stop wasting money on these people and is now going to throw the other half of the money into helping people with their mortgages, car loans and student loans.  I really have heartburn with the “car loan” idea.  When did new cars become a requirement for survival? This looks like an additional bailout to car manufacturers to me. Will the takers be required to buy American cars? Just asking.

It remains to be seen if this will turn out to be another Fannie Mae picnic — or if this time, someone will actually limit this help to people who actually can and intend to pay the loans off.  Let’s hope Barney Frank isn’t put in charge of this idea.

In any event, while some Americans really could use a legitimate hand up, there are  also plenty of people out there waiting for some “help” who stupidly bought high, bought homes they couldn’t pay for to begin with, and will be looking for a new car they also can’t afford.   I do hope that somebody is going to sort out the two categories, because responsible people who made better decisions and sacrifices will be paying for this entire trip along with their children and grandchildren– for the rest of their lives.

In the meantime, I got curious about how well the first half of our “investment” is doing.  I went on a hunt for the tracking index when I heard onthe news this morning that these companies overall have lost 10% of their value since the bailout. In other words, we just invested $300 billion in losers.

However, all is not lost. If you recall, there were trips to spas, quail hunting excursions in England and End of Year bonuses which were called something else because it is automatically assumed that we are all too stupid to figure it out. This seems helpful, don’t you think?

The tracking index is called the NASDAQ OMX Government Relief Index and I thought you might want to see how “well”  they aren’t doing now that we’ve “bailed them out”. Keep the link and check on it regularly, because I know that you will want to track your “invesment”: