President-elect Barrack Obama's latest proposals of around $800 billion in tax cuts and stimuluses bring us to a grand total of $8 trillion in total bailout dollars by all banking and governmental parties concerned, according to an article today released by CNN.

Numerous writers on this site including myself have repeatedly pointed out that this is quite possibly the end game of the biggest ponzi scheme of all time, a scheme more than 1,000 times worse than the Madoff scam. Ever since this site was launched a year and a half ago, we've pounded out the message that stimulating the economy is dangerous, counter-productive and will come back to haunt us. So, the brilliant powers that be conclude that now it's time to go all-in using the same, failed strategy that got us into this mess in the first place.

For those who don't play poker, “all-in” means betting everything you have on one hand. Ours is roughly a $14 trillion economy, so $8 trillion is more than half our entire economy. Skilled poker players know that if you bet more than half your stake on a single hand, it's just about the same thing as betting everything you have. The reason is that it would be colossally foolish to bet more than half your stack without being willing to bet the rest of it on the same hand.

I'm sure they think of it as bold and daring, but it's actually pretty stupid when all you're holding in your hand is a busted flush, because the odds are so overwhelmingly against you. Further, we can be 100% sure that the other guy (the rest of the world that invests in America) is going to call the bet. In fact, they already have.

It's bad enough that the financial wizards are betting with our entire economy on the next turn of the card. It's even worse when you realize that they're really bad poker players.