Monday, September 22, 2008

$700 Billion Bailout - No strings attached!

What is wrong with George W. Bush?  What is wrong with all of Congress?  We should just hand $700 billion over to Treasury Secretary Henry Paulson and trust that he will use it wisely to bailout the failing Wall Street firms.  And, not only are we expected to hand it over, but we can't ask for an expense report to see how it has been used.  The amount comes to over $2,000 per taxpayer.  If you want to help the American economy, why don't you send the $2,000 to every taxpayer?  Every single one of us could put it to good use.

Nope, they want us to get screwed and no one is buying us dinner first.

I feel so cheap.

On top of that, my grandchildren's grandchildren will end up paying it back.

According to a MoveOn email I received, Obama has a better idea and I think we should do what he says.

  • No blank check. We must insist on independent accountability and oversight.
  • Main Street, not just Wall Street. We need an emergency economic plan to help working families-a plan that would help folks cope with rising gas and food prices, create infrastructure jobs, etc.
  • Help homeowners stay in their homes. We cannot have a plan for Wall Street banks that does not help homeowners stay in their homes and help distressed communities.
  • Taxpayers should be protected. This should not be a handout to Wall Street.
  • Rescue requires mutual responsibility. Institutions that benefit from taxpayer help must help protect American homeowners and the American economy. We cannot underwrite continued irresponsibility.
  • Build a regulatory structure for the 21st Century. We should commit ourselves to new rules of the road for the 21st Century economy.
  • A global response. The United States must lead, but we must also insist that other nations, who have a huge stake in the outcome, join us in helping to secure the financial markets.
  • But, he's only one voice and we're just screwed.

    God Bless


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