Posts Tagged ‘700 billion’

McCrook…

Wednesday, September 24th, 2008

Nice try, McCain.

Put up or shut up. Obama said it perfectly, “It’s going to be part of the president’s job to be able to deal with more than one thing at once.”

Look at Bush, the worst President in our history… even he can do more than one thing at a time. He is running an illegitimate war, spending billions of dollars we cannot afford, while scaring the crap out of 1/2 of America with this $700 billion dollars OR BUST scam on his way out of office. And people say he isn’t talented…

We need change. Real change. You are so good at giving lip service to change but you are anything but honest. Show up to the debates, McCain. You can’t weasel your way out of this one. You can’t put out a ridiculous ad to confuse or mislead the masses in a debate. You can’t change your stance 125 times and hope it goes unnoticed. Just show up and let the world know what you are really about. Enough is enough.

Eight years past…

Wednesday, September 24th, 2008

It is now eight years past the time to panic folks. Coming from someone who did not vote for the current crime family running amok in the White House, we should have panicked when he was sworn into office. We should have panicked when he started this illegitimate, ghastly over-priced, ugly war. We should have panicked when we caught him in any number of his lies. We should have panicked when Dick Cheney shot his friend in the face. We should have panicked when the voting was rigged. We should have panicked when an entire city was allowed to drown alone. We should have panicked many times, I did. But now is NOT the time to panic.

It is well over 18 months past the time to panic about finances and the economy. We have been in recession folks. The past year has been riddled with the mortgage crisis, the price-gouging at the pumps, at the grocery stores. We cannot allow our fear to drive us into dealing with the idiocracy. Bush is trying to scare us into hastily signing a $700 billion plan that is neither sensible nor guaranteed. We have been lied to one time too many times by this Administration. We cannot afford to allow them to make a $700 billion get-away. They are basically trying to rob the country’s wallet before they leave office.

We must not freak out at Bush’s ridiculous warnings. Where has he been the past 18 months? Busy soaking up the oil revenues, while we pay exorbitant prices at the pumps and lose our homes, our pensions, our jobs. It is their deregulation policies which got these financial institutions (and us) into this mess. Let them sort it out themselves. If you are itching to do something, to give $700 billion dollars towards a solution… urge your congress men and women to pass an emergency $700 billion public bailout, along with some corporate regulations. Pay the money towards the mortgages for everyday citizens. This will help the crisis. This will help the fundamentals of our economy. If a homeowner can keep his home, then he will take care of it and improve it and increase his home value and thus we go forward rather than backwards.

Bailing out irresponsible corporations with no guidelines, no oversight, no rules, no judicial review, makes NO SENSE, unless you are a greedy corporation or you are going to be leaving the White House soon and want to ensure you can purchase your next job to the tune of $700 billion dollars.

This corporate bailout is NOT the answer.

Corporate Socialism

Tuesday, September 23rd, 2008

I agree with some of the Republicans! Write that down, I am certain you will not hear it often.

The bottom line for this $700 billion bailout is, IF it happens, it needs to have some measure of protection for taxpayers. Congress reiterated this over and over this morning. I was proud of them for speaking up. And found myself nodding in agreement when many of the Republicans spoke.

I know we are all frightened about the financial issues we are facing but making fear-based decisions is simply irresponsible. We need to ensure we make a sensible decision in a timely manner. So, if you are jumping out of your seat, itching for Congress to hurryup and approve this $700billion… take a breath. Think. There is no proof or guarantee that this measure is going to work. It is led by two of the idiots who got us into this financial mess. WHY SHOULDN’T WE AT THE VERY LEAST ASK FOR SOME FAILSTOP MEASURES?

We should NOT bail out these irresponsible corporations. Bottom line. We should NOT give them the $700 billion. Breathe deeply, relax. Think. Please!

Why not attack the problem from the other side? Why not give out $700 billion to the US people losing their homes? Pay their bills to the banking industries. Wouldn’t that make more sense? TO help the people with their own money rather than these corporations.

If this is such a good idea, why does it not have any provisions? At the very least, before we bail out these corporations with no guarantee that it will even help, we should get the following provisions:

1) Remove the sole discretionary clause, giving all authority to Paulson:

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

Paulson is one of the people who is arguably responsibly for allowing this situation to get so out of control. Why are we continuing to allow him to even meddle in our Country’s purse? Slap his hand and say, “NO!” Let someone responsible lead this disgusting bail out. We should, at the very least, be watching our federal bank book. We are the ones making the deposits.

One man should not be in control of that much money. That would be giving the Secretary of the Treasury more power than even the President, at least financially. This is NOT a good idea.

2) Remove the clause that prevents judicial review.

If there is no scam in this, if there is no tomfoolery, why include a provision refusing judicial review? If we are mopping up a mess made by the greed and irresponsibility of financial institutions with a mop made of our hard-earned money, WE HAD BETTER HOLD THE JANITORS ACCOUNTABLE! PERIOD. In every single manner.

3) We need to include a measure to limit how much executives are paid:

They ran their corporations into the ground. Why should they get paid for this? How much do we pay people in public welfare? Why not give the CEO’s, who were irresponsible with the corporations, the same monthly amount we give to those on public welfare? I mean the logic behind the amounts are based on the minimum amount of money needed to survive in our country. Why should these CEO’s be paid more than that? If we are trying to “save” the economy, why don’t we spend the money wisely? Instead of overpaying CEO’s who got themselves (and us) into this mess in the first place with their irresponsible, greedy business practices and channel our money into tangible investments (alternative energy, health care, etc.). We definitely need a provision not allowing ridiculous compensation packages to these CEO’s.

4) Ensure what these people will be doing with our money is a matter of public record, available for all of us to monitor completely. COMPLETE TRANSPARENCY.

They should not be allowed to continue doing business as usual. Look where it got them and us.

5) We need to add provisions to help people in danger of losing their homes.

These failing financial institutions and the mortgage crisis are inextricably linked. We must address the initial problems, not just throw money at it. If you cut off your arm, you certainly would not just throw bandages at it. You would stop the blood loss, sew it up, then let it heal.

This bailout is nothing more than financial welfare, with the standards of living skewed for unsuccessful CEO’s.

The current Administration did such a poor job economically with their deregulation policies, their corporate tax breaks and their direct assistance to these greedy corporations, while ignoring the needs of the consumers and citizens and all of these irresponsible, corporate interest policies ultimately lead us into this crisis. So, if we are going to bail the financial institutions out, the least we could is protect the everyday people as well.

6) We need to add provisions about regulating the financial institutions.

7) Add in a provision for taxpayers to gain financially, if and when the corporations start making money.

If they want us to finance the corporations, they should compensate us. Stocks, shares etc., period.

8) Add in a provision to ensure there are no “sweetheart deals”.

Ensure that no one who was paid to make this decision is in charge of the money. No leaving the US government and going to work for Wall Street. We want there to be no ties. Corporate lobbyists have lined the pocket of too many of our politicians. They have owned the Administration for at least 8 years and look where it has gotten us.

I vote no. And if the “yes” votes win, then they had better stood up for the American people by adding in, at the very least, the previous 8 provisions.