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October 2, 2008 - 1:50pm.
The Senate passed a bailout plan for the banks late last night. What started out as a 3-page crap sandwich has now ballooned into a nearly 500 page crap sandwich with some added topping to entice more support. Americans must be hungry because we are about to eat this crap sandwich and make our kids and grandkids pay for it. Reading some of the bill, I note all it does is expand the size of government to facilitate this bailout, provide funding for the bailout, and give the Executive all the powers that were originally asked for, only instead of just the Treasury Secretary doling out the sauce, a board will do it. But the board is made up of Executive appointed positions and the Federal Reserve, aka private banking. The foxes will still be guarding the hen house. Nothing has changed. Why is it so hard to understand that we are not against the bailout because it doesn't contain enough benefits for Main Street. We are against the bailout because it is robbing from our children's future wages to give it to the rich bankers that broke the system in the first place. It's immoral and wrong on so many levels. But Congress seems to have misplaced their values under a stack of pork legislation and lobbyist campaign contributions. Keep up the calls, emails, and faxes. Congress must hear our voices and continue to say to NO to Wall Street and international bankers. We are up against paid PR firms that pay workers $25 per hour to call Congress and tell them to vote yes on the bailout. I won't pay to eat a crap sandwich while bankers eat caviar and fillet mignon. I will stop paying taxes and withdraw all my funds from the bank should this be signed into law. I hope other Main Streeters will join me in doing the same. Do it for your kids! I had posted a similar message in reply to The failure heard 'round the world but for some reason my post was disappeared from the site and I'm now locked out from posting to news articles once again. It seems I always get someone's panties in a bunch when I go against the will of the powers that be. But don't worry, I'm sure my re-education is scheduled and coming soon. I finally watched the Monday night episode of Heroes. A nice gem found in the commercials was a campaign ad from John McCain aired in Ohio where he takes credit for the passing of the bailout bill that failed that Monday afternoon. Am I the only person who saw this ad? I laughed out loud! It was a Dewey Defeats Truman type of moment. Classic. Perhaps I should post it to YouTube... UPDATE (Oct. 4): The banks borrowed on average $367.8 billion per day from the Federal Reserve in the latest week (Oct. 2). That means they took around $1.8 trillion out last week alone. $700 billion bailout my eye. Like most Bush programs, this sucker is going to run at least 5 times as much, probably more. And it probably isn't going to help anyone but the banks. Thanks for NOTHING!
Capitol Hill Blue's columnists, blogs and reader comments Capitol Hill Blue is an independent, non-partisan news site that belongs to no political party and subscribes to no political or philosophical point-of-view. Our columnists are welcome to their opinions but readers should understand that their views do not necessarily reflect the editorial policies of this web site. We also welcome comments to selected opinion columns and in our popular ReaderRant discussion forum. Please remember, however, that we believe in civility on this web site and comments may be reviewed, moderated or removed if we feel they contain obscenities, racism, bigotry, anti-Semitic remarks or attack other posters. Our goal is reasoned discussion on issues facing this nation and we do not feel that goal is served by personal attacks and by seeing how many cute adjectives you can attach to an elected official or politician's name. Copyright © 2008 Capitol Hill Blue
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I've been saying it all
Submitted by griff on October 2, 2008 - 3:27pm.I've been saying it all along - they will pass this bill. They just needed more time for the propaganda machine to brainwash the medicated masses into supporting it. It seems to be working.
It's called shock testing. They do it all the time, particularly with energy prices. Push to the brink, back off a little, then push again, each time gaining a little more ground while exhausting the opposition. Last summer there was outrage when gas prices rose above $3.00 a gallon. Now we're "happy" at $3.50.
“Every new regulation concerning commerce or revenue; or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change and can trace its consequences; a harvest reared not by themselves but by the toils and cares of the great body of their fellow citizens.”
- James Madison
Its class warfare, pure and
Submitted by ekaton on October 3, 2008 - 12:37pm.Its class warfare, pure and simple.
How many more times are we taxpayers going to allow them to stick it to us? We have no political power, so vote all you want, it makes no difference. This time they are bailing out the bankers who ripped off the mortgage borrowers, including FOREIGN BANKS -- you, mr./mrs./ms. taxpayer are now bailing out foreign banks. How do you feel about that? Do you like it? Is it your patriotic duty? What'll it be next time? Fear not, there WILL be more $Trillion bailouts for the already obscenely wealthy. How long ya gonna take it? Forever? As Ms. Sarah might say, "You betcha!"
More disgusted than ever,
--Kent Shaw
President Bush has included
Submitted by Constructionist on October 4, 2008 - 1:57pm.President Bush has included comments regarding Fannie Mae and Freddie Mac in his budget since 2002.
Social engineering from socialist liberals MANDATED that people who couldn't afford homes got them.
Fannie Mae and Freddie Mac were buying up loans left and right and the sub-prime companies were going broke left and right last year.
THAT should have been a wake up! It was. We can thank Sen. Chris Dodd, Mister Number One on the Fannie Mae contribution list and Sen. Barrack Obama, Mister Number Two on the Fannie Mae list, Rep. Barney (I did a Fannie Mae man) Frank and all the other Socialist leaders in Congress who caused this mess.
Now Obama and the willing lemmings in the media are outright lying to the American people, and the world, that it's the Republican's and Wall Street and those greedy C_E_Os!
Amazing!
Is that why President Bush,
Submitted by woody188 on October 5, 2008 - 12:40am.Is that why President Bush, Sen. McCain, Sec. Paulson, and Chairman Bernanke were all saying the economy is sound and the sub-prime meltdown contained just weeks before?
Both parties are at fault.
Real change will come when a 3rd party takes office.