How much of the 'bailout' money is showning up in the commodities market-OIL?

[Badgerman]

since the almost trillion dollars have been funneled into the financial sector, three things have gone up. The salaries of those in the financials, the stockmarket, and OIL contracts. There is evidence that some of the money the financials got was in turn direected into the purchase of financial stocks, this was an implied useage as it would buoy the assets line of those companies. the increase in salaries is argued that it is necessary to either keep good people on, or to lure good people from other companies. Now as to the oil, the squeezing by OPEC does not account for any of the increase above about $50/bbl. The additional, to present increase to nearly $70 is openly pure speculation. In a time of cash strapped and credit strapped economy the question has to be asked: Where is the speculation miney coming from? The only obvious source is the huge capital injections into the financials.

Now looking at each of those a little closer. The salaries issue just stinks, period! The very people whose greed, and corruption brought on the financial disaster the world finds itself in, are the very last people that logic would dictate deserve searching for, keeping, and giving payraises. One simply has to keep to oneself any wishes as to the future longevity of thses people.

The re-investment of the monies in order to bolster the equity value of the financial companies is, of course, nothing more than exactly the same Ponzi they played to get to the disaster. But at least to Obama's and his trusted financial guru Geithner they are being consistent: They trust these fellows to act in a consistent manner, and they are, they know the Ponzi model inside and out, and so let them continue to play.

I cannot say that I see any direct evidence in the form of a public admission that these guys are speculating on oil futures, but I can fins no other source of monies in such large amounts as are needed to play this particular game...only the bailout funds seem to fit the bill.

All of this they will argue is going to cheer up the public, raise their confidence and cause them to once again spend like drunken sailors. And the immediate signs are that is what is happening. However, at the same time consumer credit is shrinking in proportion to the jobless rate, which is now 9% and right on track for double digits by the end of summer. Further total wages have actually decreased leaving even less consumer funds than there were before.

If the administration, and it may be to late to pull this off, does not inject, (at least half the amount they put into the financials), into construction of a new electrical grid, alternative energy construction and research, mass transit systems, schools, water, sewer and repair of the nations highways...the joblessness will worsen, and in a year or less the financial companies will be in the same or worse shape they were in last year.

I am quite open to rebuttal of any or all of this, but knee-jerk sychophants regurgitating party(either party) talking points can save there fingers the trouble.

We are sliding downward, whether more slowly or not is completely irrelevant...when falling off high cliffs slowing the fall by bouncing off rocks does not prevent the eventual terminal effects of landing.