Just say ‘no’ to the billionaire bailout
This bailout for $700 billion dollars is roughly equal to 10% of all US money in existence. Now if you add in the Iraq war ( $600 billion ), and FannieMae/FreddieMac ( $20 billion ), AIG ( $20 billion ) then W, Congress, the Federal Reserve and out of control CEOs have blown 18% of all United States money greedily gamboling for more. Now we, the middle class and poor, are supposed to bail out the super wealthy.
We have an FDIC, perhaps you’ve heard of them? They insure all accounts in banks worth less than 100,000. How many of you doesn’t that cover?
Bernarke has been doing his best to terrorize the stock market into collapsing. Every time he opens his mouth it is a threat of dire consequences should we not give the Federal Reserve and Paulson, unlimited power and money. Why the scare tactics if the government is doing the right thing?
The Democrats are holding out saying we need to block Golden Parachute payments to CEOs of bailed out companies. Is this a joke? Hold back the bonuses? How about we throw all these greedy corrupt bums in jail?
Printing money is inflation, and inflation is a tax on the poor and middle class who tend not to hold ‘hard’ assets.
It is time we took back the government that is supposed to be ‘of the people, for the people’, clearly neither party in DC meets that standard.
I say if they vote for this bailout, we vote them out and we recall and impeach anyone we can not vote out of office.
I gave up writing politicians. You have the net. Blog your thoughts on the bailout, Digg them, YouTube them. Plaster your thoughts on the ‘Billionaire Bailout’ all over the net. Let DC know just how much this displeases you.
Consider this: If we’re going to pump $700b into banks to keep the economy flowing, shouldn’t we be putting into banks that are not failing?
Take the Pledge. I did:
Pledge to vote against representatives who vote for bailout petition
See also:
A bailout we don’t need
Lobbyists in feeding frenzy
NPR Why Congress Objects to the Bailout Plan
One set of thieves bails out another set of thieves
McCain was thick in the previous banking/mortgage scandal he doesn’t need to go to DC, he knows all about these scams already.
25 Harsh reactions to the Bailout for Billionaires
On a dark but light note: Request for urgent confidential business relationship Clearly our leaders have been reading too many 419 scams in their inboxes.
