The bill proposed by Paulson to bail out Wall Street at first sounded insane. After looking into it, I changed my mind because there was potential for the Treasury to actually make an enormous sum of money. I thought, as bad as it is, if the federal government makes money from the deal and can reduce the national debt and pay for some of our CURRENT unfunded mandates, maybe it wouldn’t be so bad.
The Democrats also saw the potential which is why they are so willing and happy to go along with President Bush and Hank Paulson. The bill they are working on contains a provision giving up to 20% of any profits to groups such as ACORN! Republicans are balking but the last I heard that provision remains in the bill.
To them this is just another way to spend even more money and create more government programs. Do you want the government gambling with your money so they can build Potemkin villages with the profits? For the Democrats to say they are acting in a non-partisan matter is absolutely laughable.
You can sign a petition telling Congress you do not want this bill passed. I signed it and I also sent an email to Rep. James Walsh. The only way to stop this is to tell them what you think. Just say no!
[...] Original post by Lonely Conservative [...]
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I am against a tax payer bail out of for profit financial institutions .
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I hope you signed the petition!
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I hope somebody finds their balls and leads this bill to failure. I can’t believe our elected officials are voting against what the people want and can’t seem to do it fast enough.
I’m pissed.
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I signed it and sent a mailer to all congressman. A lot of them bounce back if you aren’t in their state, but a lot don’t. This bailout has me FURIOUS.
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Michael-it’s grotesque, isn’t it. Ace-thanks!
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“If you want to impeach Barack Obama from the Senate along with everyone who supports the mortgage bailout, send a blank email to
impeach2008@gmail.com “
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No! No! No! the provision for no review of actions by the Secratary tells you that this rigged to bailout the fat cats. If Credit Default Swaps are included it definately is for the rich
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