| ||You have two senators representing you, and one congressperson.|
As of this moment, your congressperson has the power to thwart this ridiculous bill to bailout the rich hedge fund managers for their greed.
The ONLY hurry right now is not the frozen credit markets (once they pass this bill, lending is still going to be halted as banks hoard the cash), but it's the presidential election. President Bush is pleading with you to swallow $700 billion in debt because his rich friends got hosed by their own greed, and he's trying to get it back for them. One month to "think about it" is not too much to ask.
Paulson and Bush are trying to ram this bill through, and the Senate just caved. I am very very bummed that both candidates voted in favor. It is now down to the House of Representatives, and oddly enough, I am so impressed by the House Republicans for being the last stand for reason in voting down the bill.
It's not about being a Democrat or Republican - it's about right or wrong, and in this instance, the House Republicans are Custard's last stand. I truly am very thankful for the House Republicans in this instance.
Now the Senate has passed a bill because it has a lot of things the Senate was looking for, in terms of tax cuts, increase to FDIC limits, etc. But the fact remains that Paulson will get $700 billion of your taxpayer dollars to buy ANYTHING he wants at ANY PRICE. And it won't stop at $700 billion and the next Treasury Secretary will be able to continue buying junk with your hard-earned tax dollars.
This is the most horrific part. Senator McCain said that he is considering keeping Secretary Paulson on, should he get elected. Secretary Paulson, as former CEO of Goldman Sachs, the fox in charge of the henhouse, held the U.S. Treasury in his control as he let his competitors in banking collapse, all while having (what was) hundreds of millions of dollars in Goldman stock. And now, he and Bush want you the taxpayer to give them a bunch of money before the Administration changes.
Please, please google this bailout plan - read all the opinions on it and ask yourself one key question. Can this wait a little longer so we can think about it? After all, it's YOUR money. CLICK HERE TO CONTACT YOUR CONGRESSPERSON
| ||Posted 10/2/2008 12:42 AM - 7330 Views - 26 eProps - 30 comments|
Give eProps or Post a Comment