Occupant@1600 PennsylvaniaAvenue

Dear Occupant,

I would like to begin here with a few quotes from a person you might have heard of. He was is somewhat famous, a hero to many, one of my favorites and you drive by his monument frequently. I will let President Thomas Jefferson Speak for himself:

" Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrants will, and always so when it violates the will of the individual. "

"Our country is now taking so steady a course as to show by what road it will pass to destruction, to wit; by consolidation of power first, and then corruption, its necessary consequence. "

" I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength and bid defiance to the laws of our country. "

Isn't it amazing that that words written hundreds of years ago are so profoundly accurate today. What was it that he saw in the makings that alerted and frighted him so ? The truth has sure come to pass hasn't it.
I would like to now direct your attention to the numbers below. I obtained them from The Department of the Treasury web site this morning http://www.tres.gov/tic/mfh.txt, titled Major Foreign Holders of Treasury Securities-2000-2005. I then pulled up the tally for the latest of 2007 which happened to be October 2007. Now these figures show the entire year but for the sake of space I will only show the columns of figures from Dec of 2000 and Oct 2007 and lets see what we find, shall we.

You are if I am not mistaken, as of late been referring to yourself as being and having been
"FISCALLY RESPONSIBLE"
these last seven years. Well lets just take a look at part of that record in black and white.
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(IN BILLIONS OF DOLLARS)
HOLDINGS 1/ AT END OF PERIOD

OCTOBER 2007 DECEMBER 2000
JAPAN 591.8 /3317.3
CHINA,MAINLAND 388.1 /60.3
UNITED KINGDOM 2/ 296.5 /50.2
OIL EXPORTERS 3/ 130.3 /47.7
BRAZIL 112.8
CARIB BNKNG CNTRS 4/ 78.1 /37.4
LUXEMBOURG 70.1 /29.6
HONG CONG 54.2 /38.6
TAIWAN 53.4 /33.4
GERMANY 44.1
KOREA 43.3
SINGAPORE 35.9 /27.9
MEXICO 33.2 /15.3
SWITZERLAND 31.7 /16.4
TURKEY 26.5
CANADA 21.4 /14.2
THAILAND 20.0 /13.8
NETHERLANDS 19.5 /11.4
SWEDEN 15.3
RUSSIA 14.9
FRANCE 14.7 25.1
INDIA 13.7
ITALY 13.6 /20.8
IRELAND 13.1
POLAND 12.3
BELGIUM 11.3
ISRAEL 10.2
ALL OTHERS 139.5 /157.8
GRAND TOTAL 2,309.5 /1,015.2

OF WHICH
FOREIGN OFFICIAL 1,446.6/609.2
TREASURY BILLS 180.2 /150.3
T-BONDS & NOTES 1,266.3/456.2

DECEMBER 17, 2007 NOVEMBER 16 2007 ( 2006 REVISED)

So Mr. Occupant, are you please with yourself yet ? Not only did you manage to more than double the amount but you also managed to ADD an astounding 11 more unsuspecting countries to the list. I imagine we now can bestow yet another new title to you as well, THE DEBTOR IN CHIEF.
1/ Estimated foreign holding of US Treasury marketable and non-marketable bills, bonds and notes reported under the Treasury International Capitol (TIC) reporting system are based on annual Surveys of Foreign Holdings Of US Securities and on monthly data.
2/United Kingdom includes Channel Islands and Isle of Man.
3/ Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, The United Arab Emirates, Algeria, Bermuda, Cayman Islands, Gabon Lybia, Nigeria,
4/ Caribbean Banking Centers include Bahamas. Bermuda, Caymen Islands, Netherlands Antilles ,Panama and British Virgin Islands.
What I personally astounding is your ability to show the amount of contempt of others for doing no more than yourself in the past seven years much less the last one. How do you possibly have the audacity to beret the Democratic Congress for "spending like a teen with a credit card" and try and pawn yourself off as have being "fiscally responsible" these same years is incredible to say the least. You, the very same individual who single handily been the root cause of this country's fiscal instability since the great depression of 1929 have the nerve to speak out against others spending.
Was it not you who came into office to a balanced budget and a national debt of $ 5 trillion dollars?
You took this country into an unjust war based on your lies and did not have the nerve to ask your fellow countrymen to pay for it. You knew the lies would not hold up for long, so you came up with plan B ( I would never give you the credit for any of this on your own, by you I mean your army of adviser's) borrow the money and label the request "EMERGENCY SPENDING BILLS" for the wars. Perfect who could deny you that request. Worse still, who did you go to borrow the money from ? Communist China. Are you pleased that we now owe them more than $2.5 trillion dollars. It was also under your watch that they became members of the WTO, and allowed them the luxury of now tariff"s on their exports but retaining unbalanced tariff's on our imports. But this is the way you sought it to be on all of our trade agreements is it not ? This year was also the year of all the recalls from that same country. Which also proved to show how glaringly inefficient our FDA has become and how obnoxious its secretary is. How proud you must be.
I for one do not believe in coincidences. Your tax cuts helped only your friends. The richest of the rich. These very same people who have also stripped this country of all of its manufacturing infrastructure in lieu of slave labor at a tenth of production price. Bottom line is what counts, right. These same friends by the way have also managed to ensure that their businesses now live in off shore accounts so they maneuver around paying taxes as well. Coincidence yet again.
The price of oil is at an all time high (again) this week, and you must be pissing your britches with glee. What is the running excuse this week. Turkey going to bomb the pipeline ? Fog in the Gulf of Mexico , Instability in Nigeria ? Duck future's are down? How about that all of your crooked friends are speculating with the futures market and are holding on until oil tops $ 100 a barrel ? That a possibility ? Considering that when you took office a barrel of crude was $ 25 what additive has been put in to a barrel to make it jump so high? Are your Saudi friends masturbating in it, I just do not get it.
We have all (except for your flunkies in congress and that pesky 29%) concluded that Iraq has been about oil and nothing but all from the very beginning. But this is taking your travesty to far. Your game plan is now affecting real people at home in a real time way. Thanks to you gasoline is back to $3.00 a gallon, the price of home heating fuel is UP and inventories are DOWN. To further your lust to enrich yourself and friends in the ludicrous mandates of a not proven, environmentally unfriendly oil needing to producing product called Ethanol you have further exacerbated the problem.
The cost of goods are up, especially food. Foods that require corn. Corn that is needed for Ethanol. Yet another coincidence ?
Not only does Ethanol require oil products to produce it, corn is a soil poor crop. It requires vast amounts of Nitrogen to fertilize it and tremendous amounts of water usage to make it grow. These issues are bad enough considering the drought conditions the Midwest has experienced. But the issue extends further still. It is known as the Dead Zone in the Gulf of Mexico. The is believed to be caused by the runoff from the chemicals coming down the Mississippi ending up in the Gulf. Fishermen are having to travel out further to catch fewer shrimp, crabs and muscles.

Home ownership has been something you chirped about during your campaign and your first term. Between you and Greenspan you certainly got your wish. I think this entire mortgage will eventually be traced back you you et al. But that is my opinion. Yet you have waited until there was no hope for millions of families and then came out with a half assed plan to help the least amount of people you could. I expected no more, no less. What does astound me is that this situation has spiraled so out of control. Did not anyone anywhere have any concept of lending outrageous amounts of money to people they KNEW would never be able to repay would never turn around and bite them all on the ass ? Or was this part of some bigger ominous plan to stagger the economy in general. If so, your master plan is working.
The environment that has been created has the banks running scared they are afraid to lend any money. The dollar is sinking as badly as the Titanic. Fuel is up, Food is up, Consumer Confidence is down, the Stock Market (already over-inflated) is like a yo-yo, Unemployment is rising, Housing Market not expected to rebound until 2009, Building Non-Existent, Home Sales Nada.
Yet according to you THE ECONOMY IS DOING JUST GREAT.
Well Mr Occupant, I beg to differ. Yet again your taking down a slippery slope with no end in site. The only comforting thought is that you'll soon be gone.
By the way.....never mind.