Someone!  Please explain to me how we can go into debt another 180 billion on top of the 700 billion and refuse to increase taxes on those who profited from this disaster and cut taxes to businesses that will benefit from it also? 

Why are we being forced to bailout banks in England and Beijing? 

Why are there no true caps on CEO compensation? They can still make 1 million a week!

Although oversight is said to be tight, the actuality is that congress or some other agency could express concern over the actions by the treasury but could not halt, alter or otherwise impede the actions of the secretary of the treasury.  In other words…NO OVERSIGHT.  The bill is written so that congress might know that the money was being mismanaged….but they couldn’t do anything about it.

The increase in FDIC insurance to 250,000 is only for one year.  Who do you know that even has that kind of money except the same people who created the problem?

The same people who are insisting that taxpayers pay their debts for them are now manipulating the system so that YOUR job, YOUR retirement, YOUR investments, YOUR pensions and 401 K’s and YOUR paycheck are threatened.  This is financial blackmail!  Not one of these crooks and liars will lose one dime!

If our Senate and House were actually working to protect the American middle class from plunder by the ruling corporate class they would have moved immediately to secure the holdings and investments of middle America, securing and protecting these things and insuring them against obliteration. 

And don’t tell me they couldn’t have done this. If they can pull 850 billion out of thin air to save predatory lenders, to shore up the anti-American activities of multi-national corporations who are determined to collapse our economy and institute a global corporate ruling class, they could have moved immediately to protect the middle class sources of wealth and retirement from being wiped out. 

Congress had a choice here;  They could have moved to protect the middle and working class people, or they could move to protect their corporate sponsors.  They threw us under the bus while corporate lobbyists spread bags of money around to ensure the survival of multi-national corporations.

Congress would have demanded that inflated mortgages be re-written using the actual value of the property and using a fixed interest rate.  Predatory lenders would be required to clean up inflated entries at their own expense.  Instead, we will buy inflated mortgage “paper” that will never attain the value claimed. 

If Wall Street is in such dire straights, why is it that trading is going on unabated, with nothing more than the usual ups and downs of the markets?  The 7 point drop in stock markets after the initial failure of the house bill was a veiled threat.  It was not the worst day in the history of the markets as widely reported on MSM.  It didn’t even make the top ten.  In October of 1987, the market fell 22 points in one day.  We survived.

Just to add insult to injury, while congress claims that to do nothing would result in horrible things happening, the pork barrel, vote buying, political blackmailing to get what you want went on unabated.

This is how dire the situation is, how serious congress thinks this situation is….please add 180 BILLION to the 700 BILLION that we didn’t have, don’t have and will have to borrow to save predatory lenders, and corrupt corporations:

New Tax earmarks in Bailout bill


– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.


– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia  (Sec. 322)
– Wool Research (Sec. 325)

Now….don’t you feel better knowing why your retirement account was being wiped out?  We need to be passing out the barf bags. 

Vote third party candidates and end this corruption of career politicians who are owned by the same people who are demanding that we clean up their mess.

© 2008 Marti Oakley

 

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