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Showing posts with the label Bailout for Millionaires

Democrats Fail Us Again

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So, the Democratic Party bought into the lies of the Bush Administration again. You think that the resolution on Iraq would have taught them something, anything. The Democrats were hoodwinked into voting for the War Resolution that allowed the United States to invade a Sovereign Nation without provocation because of the lies and twisted intelligence that the Bush Administration told them. It took most Democrats years to admit that they were tricked and deceived into supporting the Iraq Policy. Now The Bush Administration comes to Congress with phony documentation that the Economy is going to collapse unless the Congress turns over the keys to the vault instantly. Without due diligence, without looking objectively at the situation, without offering any innovative or progressive solutions, in other words without leadership, the Democrats went along with the Bush Administration and committed the financial future of the Nation to the a lame duck Administration and Secretary of the Treasury...

Can Congress Muster the Guts

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Can the United States Congress act on behalf of the People for the first time in many, many years? We will see, it looks like the Democrats are willing to go along with the Bailout Plan while the Republicans in the House have suddenly refused to play ball and want a different piece of legislation's, as of yet unveiled. The Democrats should do the same, they first make sure this is necessary, it certainly reeks of social and economic injustice, then they should present a plan that fits the actual need. Yesterday in the mist of the Financial Bailout hearings and conferences Congress sent the Automobile Industry a 25 Million Dollar Bailout Package, now the FDIC says it it in need of 150 Billion Dollars. The Credit Card Banks haven't even stepped up to the plate yet, image how much they will be requesting, 2-3 trillion dollars because of rapidly rising Credit Card Defaults. None of these Companies should have been Bailed Out, but now that Freddie and Fannie were, maybe it is time t...

Save Wall Street, Screw Main Street

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The Republican Administration of George " Hoover " Bush and the Republican Party is quick to react when their millionaire friends are in financial difficulty, but not when average citizens face the same Financial Turmoil in their lives. Let's take a step back from the current situation. The Administration and the Republican Nominee are trying to cast the blame on the greed and lack of morality of the Wall Street Traders. Yet, the mantra of the Republican Party since the Administration of Ronald Regan has been "deregulation". They have and continue to campaign on such slogans "Get the Government out of Your Life". Senator McCain has even been quoted as saying he is a "deregulator" (MCCAIN: I am a deregulator. I believe in deregulation.). He Chaired the Commerce Committee in the Senate when the Republicans had Senate control, did he take any action to regulate the banking industry, no all his actions were to loosen the regulations that have be...