And tell them you are opposed to the wall street special interest bail out. This is not even a quick fix, it will only make the situation worse. If the banks can not fix their spending problems, the same situation will be back in a few years. With the money the government is giving these people, they could pay off every home mortgage in the USA. Every US citizen will owe an extra 6,000 - 7,000 dollars in taxes if this passes. That means every man, woman, child and infant. A senate full of traitors voted yes to the bail out last night. So we only have the house to protect us from this terrible idea. My congress person is Rep. Kevin Brady (R-TX 8th District) http://congress.org/congressorg/bio/id/561 And I called his Conroe office because the Washington DC phone line was busy. Find your congress person here - http://www.congress.org/ Call them and tell them to vote NO. Every elected official that votes for the bail out must be removed from office in the next election. McCain and Obama both voted for the bail out, so that means we must find someone else to elect as president. As I have said before, it does not matter if you vote democrat or republican, you will get the same thing. This bail out vote proves just that. Neither obama or mccain are willing to stand up and protect this nation from special interest groups. In a free market system, if you spend more then you make, you will be broke. This applies to businesses as well, not just the people. Let those people go bankrupt. Someone else will open another bank to take their place.
Agreed.. Watch this video for the truth about the cause of the problem, those responsible, and how they are still phucking us: http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487
Kev what would it matter? Wallstreet has invested massively into both presidential candidates and from the looks of the iraq war congress will just tow the line and follow the white house no matter what. Now if Ron Paul were running then i would think this would make a difference. Whoever wins, wallstreet has hedged its bets and will come out on top. I bet they probably have some congressmen in their back pockets also.
If the people want real change, Ron Paul, or a third party is our only hope. A s long as the people of this nation keeps the two major parties in office, there will no real change. There is no difference between obama and mccain. The say different stuff, but their actions will be the same. Just like this bail out bote - both mccain and obama voted for it.
Funny thing is I got an automated call today from Kucinich, asking for my support and if he can put a sign in my front yard. He said he was up for re-election. This is some scary stuff, the Congressman does not even know he got re-elected already! LOL Must be side effects from the alien abduction... I assume it was a telemarketing glitch. The caller ID said "mortgage" and that was it. I wonder how many thousands of people got spammed with this outdated message? BTW, I did previously E-mail Kucinich and Brown asking them not to vote for this corporate welfare package. We need real reform before a penny of our tax dollars is given to prop up a broken down/exploited financial system.
Kucinich only won his primary... Normally it wouldn't be much of a contest for a sitting Senator but the party tried to punish him by backing a newcomer who was more willing to play their little game. Anyway, I've been calling my Congressmen since Monday. Unfortunately the Rep voted for it and one of the two Senators did, too. Right now we can call them and let them know how we feel... after the bill passes or is defeated, we can start campaigning for the people who are running against its supporters. They probably won't listen to our phone-calls, but its a fair warning.
LOL Goes to show you how much attention I pay to Kucinich! Still weird to see his call pop up on the TV/Caller ID as "mortgage." That's almost like spammers using bogus subjects in their E-mail to get you to open it. Hopefully the House will shoot this bill down. I am hopeful from comments that I have seen that they will make it difficult to pass. Voinovich will never get my vote. Yesterday a story he wrote appeared in my local newspaper. He was talking about high gas prices. I'm thinking wtf, this country is going into a depression and he is still trying to shove offshore drilling down our throats! BTW, that offshore drilling stuff is garbage. Unless the USA nationalizes its natural resources, whatever oil they drill for and find will be sold to the highest bidder. It will do little to lower gas prices. That may not matter much if our economy gets much worse. I see that 11% of all auto loans are 60 days or more past due. The smaller banks will be next in line to crumble. I wonder what all the states, counties (parishes), and cities are going to do in fiscal year 2009 and 2010? Their revenue is going to get hammered, and they can't print more money. I bet they will be running to the Feds asking for hundreds of billions for themselves. In my county, Auditor Frank Russo does not want to re-appraise homes for tax purposes. He wants to leave them valued at what they were in 2006. They are afraid of losing all that tax revenue on our homes, which is utter BS. The auditor, who's office was raided by the Feds for suspicion of criminal activity, is no different then the predatory lenders that suckered people into crap home loans. Predatory lenders inflated the value of homes to make more money, and the auditor wants to keep home values at inflated prices to protect government revenue. Both acts are criminal IMO.
What do you guys think of Ron Paul and Ralph Nader together? I know hes the consumer advocate but how close are they in regards to their political stances on the main issues at hand? They have been spotted together at the same speaking events
That might be true, but how many more billions will be needed to bailout the States, Counties, and Cities? What about other corporations that fall on hard times? And what about the people? At what point does the Federal Government stop giving our tax dollars away? This economic crisis is far from over. The financial institutions that will benefit from this bailout are at the top of the food chain. If they are suffering, imagine the hardships being felt by those lower on the food chain (ie. ordinary people).
If left alone, the market would correct itself. Throwing money at the problem will do nothing in the long term to fix the problem.
Dow 9900, are we saved yet? The bankers are begging for another rate cut now. These guys have no idea how much worse all of this government intervention is making things. The whole mess is a problem with mis-management of the money supply, and all of these "easy money" solutions are just perpetuating the problem.