"We do not support government bailouts of private institutions."
Of course, very damned few ever really read the platform of any party. But, since Mr. Bush and his group have decided to pull a play from the old "Shock Doctrine" play book, it should be brought to the attention of others.
One of the bullshit lines of the Republican Party is how the Democrat's are Socialists in blue clothing. So, who exactly is the Socialist Party here? Secretary Paulson claims that we must with great haste, spend $700 billion of taxpayer money to bail out those who made very poor business...make that gambling decisions and lost their asses.
There should of course be none of that socialist shit about helping out the consumers. For people making millions by setting up and running ponzi schemes though, there should be every available used to mitigate any possible loss.
In addition, Mr. Paulson wants to assist those who haven't had any losses. And, wants to bring in foreign banks doing business in the United States. So, banks who did well would be able to step up to the public trough and eat to their hearts content.
There is, as of tonight, some who are calling for more time to consider our options and perhaps come up with some better ideas on how to handle the present situation. Of interest here is one Republican Senator of note. Senator Shelby is calling bullshit on the whole mess, the plan and the people trying to foist it upon the taxpayers. I may never again agree with Senator Shelby. But, this time, there is no doubt whatsoever that we are politically aligned by our revulsion of this whole fiasco.
With so many people losing their homes and our tax base dwindling. It seems to me that one of the things to be done is the opposite of what the Bush cabal is offering as our best option. How about we fund those who are about to lose their homes? Keep them in their homes and paying taxes. Albeit much less than was indicated by the original loan. The cost will be about the same.
And, this time, let those who profited so handsomely from selling bullshit loans, figure out how to save their own sorry asses.
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