The White House says we need to act now, or else the economy will melt down. You mean like we had to act against iraq right now, or a smoking gun will come in the form of a mushroom cloud? Maybe they don’t tell the story of the boy who cried wolf in Texas; or Connecticut, because that is where President Bush is from.
Republican polices are all based on fleecing the public based on fear. But we have to wire tap you, or the terrorist will win! But we need congress to approve the budget for Iraq, or the terrorist will win. We have to make it harder for individuals to declare bankruptcy, but we need to bail out our banks or the economy will crash.
When the rich make money, it is capitalism at work. But when they fail, the same people rush to socialize our banks.
The GOP home page claims, “We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself.”
One of my uncles is fond of telling me, “You vote Democrat, you must not like to keep you money!” To him, and everyone like him, GET OVER IT! When Bush took over, we had approx. 5 trillion in debt. Right now we are looking at a little over 9 trillion. The proposed bail out is 700 billion, or 0.7 trillion, or about 10% more debt.
The Obama plan will leave us with a national dept of 16.6 trillion! McCain is worse at 18.1! Do the math, people! Democrats are more tax and spend, but Republicans are BARROW and SPEND. It is no great magic that you don’t have to take money from tax payers today when you just barrow against them for tomorrow.
Where is this money going? 700 BILLION dollars, and what we are going to get with it? Do we save people from loosing their homes? Are we making sure that CEO’s of failed banks are not still getting their pay? Are we going to put back the regulations that Bush repealed in 2005 that helped cause this? Do we at least get equity in the banks?
We didn’t have the money for the homeless, the schools, the local police departments; but apparently we did have 700 Billion socked away for a rainy day on wall street.