What George Bush signed behind closed doors…

I understand this topic isn’t something we normally cover here at Energy and Oil — but nontheless it should be a priority topic for investors and U.S. tax payers…

Hidden in today’s headlines was a bill worth $300 Billion, give or take a few Billion. And do you know who’s footing the bill? The U.S. taxpayer.

Unfortunately the subprime cagematch is still ravaging the U.S. And the housing bill that was signed today is the latest chokehold…

Thanks to congress and George W. the U.S. government is authorized to spend $300 Billion on aid for the ailing mortgage sector. In particular this bill will help bail out cash-strapped homeowners so they inevitably don’t need to foreclose — which would put too much strain on our financial lending institutions.

To put this in perspective it’s like the government buying gas for cash-strapped Hummer owners.

Washington is sending out a pretty clear message, we’re willing to pay for this bubble. Only when they say “we” they mean “you”.

It’s just another punch to the gut in good old I.O.U.S.A.

Our taxpayer burden and national debt has risen to alarming levels — almost unthinkable levels if you look at it as an investor. No public company in the world would be allowed to borrow this much cash, and if any investor noticed the balance sheet they’d be smart to sell their shares at market.

And thats where the story begins…

Introducing the long awaited debut of I.O.U.S.A the movie.

Did you want to learn more about the debt that our country is racking up? Did you want to learn what you can do about it? Better yet, do you want to be a prime-mover in what could be 2008’s most rivoting documentary?

Well wait no longer, the debut for I.O.U.S.A is finally here, and coming to a theatre near you on August 21st.

The movie features candid interviews with Warren Buffett, Alan Greenspan, Paul O’Neill, Robert Rubin, Paul Volcker, and David Walker.

If this national fiasco is something you’d like to learn more about and protect yourself from as an investor — now is your chance.

Here’s where you can get tickets. On the right side of the page is a box where you can type in your ZIP code. Then you’ll be given a list of nearby theaters where the film and discussion will be shown.

We’ve had a ton of inquiries over the past several months as I.O.U.S.A. was put through its paces — first at Sundance, later at the Maryland Film Festival, and most recently last week at the Agora Financial Investment Symposium in Vancouver: “When will I get a chance to see it?” Now’s your chance. Order here to see it in a theater near you.

Matt Insley
Energy and Oil