Cynicism is the new reality in America today. This post from a reader called Fifty First State, over at Marketwatch. How appropriate?

Hmmm, I hope I don’t sound to cynical about the Lehman situation but I suspect the plan by “Da Boyz” and their “mole” in the Bush administration, Henry Paulson, was to skim off all the profitable parts of Lehman, divide the spoils, and leave the c*** for the government (we the taxpayer) to pay off. Something like $85 billion of junk paper I understand. Still, what’s another $100 billion debt?

Then of course, Phase 2 of “Da Boyz” plan would kick in. That other “mole”, Bernanke, could crank up the printing press, throw more money out of his helicopter (he needs a new engine by now considering the time that helicopter has spent in the air) get the government to buy all that junk paper and thus flood the world with more US confetti pesos which would bring our once mighty dollar closer to the status of junk money.

This is one of the saddest periods in America’s history. We owe so much money (around 10 to 12 trillion $$$ I think is the current number) our children, grandchildren and probably our great grandchildren, will be paying for the mistakes that incredible clown in the White House has made, for decades to come.

We have to beg the Chinese and Japanese not to cash in our IOU’s. We print more and more confetti US pesos. Only the crappy little countries worry about our military might and now, from Pakistan’s latest threat to kill any US troops on Pakistan’s land, even THEY are not impressed while Russia and China shake their heads and hide their laughter.

Now, some of the most most respected financial firms (respected once but not now) are going down the tubes one by one and we are hated in most of the world. A friend in the UK told me recently, “Listen, if you decide to visit europe, tell anyone who ask you are Canadian.”

It’s very, very sad but we deserve it. While we watched football and shopped for that 50″ flat screen tv, “Da Boyz” were busy shoveling money into their off-shore accounts and thinking up new schemes to skim as much off the 401k’s as they could or begin a Ponzi Scheme (like the mortgage mess).