Wednesday, March 25, 2009
Can someone explain to me how throwing over a trillion dollars at the bankers and executives that created this financial meltdown will solve the financial problems facing America?
I mean, I thought the way to budget surplus was cutting spending. Not giving money to executives that just take bonuses and contribute more to our national debt. All this really just looks like the irresponsible corporate elite trying to swindle as much as they can out of the pockets of taxpayers before the system fails. I know these people ain't stupid. They know if we keep operating the way we have been the financial system will collapse.
So until someone convinces me this isn't a straight up jack move on the American public, I'm convinced the "conspiracy theories" are true.
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u are right, i cannot convince u otherwise. it is a jack move and a foul one at that
thats what im sayin i know these people aren't dumb thinking that the bailouts are really the solution to the crisis
Gentlemen:
I'm lost with all of this. A solid 90% or more of the people I know and like agree with us on this. I don't see how it could possibly be more obvious.
The subject interests me so I read as much as I can on it, and I also have extensive financial training and years of practice in the field. But you don't have to be me to see this. If you count from the Monday in October when Paulson had the famous 11AM press conference to this very second, exclusive of the rump portion of Bush's last budget and the pro-tem operating budget of the Obama Adminisitration, I count 4 bank gift baskets and you have to thown the war allocation in there as well because war is ALWAYS an upward expropration of wealth.
Just on dead reckoning, I'd make that $2.5 TRILLION taken from the poor, working class, middle class, veterans, small business owners and entrepreneurs, and given to a coterie of no more than 1000 people, 50 of whom got 95% of it. In the past 6 months alone.
The ONLY big ticket item that the people got back was a $75 BILLION CREDIT LINE for foreclosure insurance and the only reason they got that at all was because Nancy Pelosi told Obama that if he didn't step up and do SOMETHING for the people, she was going to let 2/3 of the Black and Progressive Caucuses join the Republicans and vote to defeat the measure. If Obama wanted to play chicken with her, he was going to have to risk the pictures on C-SPAN, CNN, FOX, MSNBC, BBC, RAI, TELEMUNDO, AL-JAZEERA, CARACOL and RCN of John Lewis, Hank Johnson, Clay, Thompson, D Edwards, Waters, Watson, D Davis, Rush, Lee, Jackson, Jackson-Lee, and Watt voting right along with good old Ron Paul and burying this thing.
Can you imagine if John Lewis took his allotted 5 minutes before the voting period to speak on it what that would have done the president's "Q" rating?
So, the ULTRA ULTRA WEALTHY get in 6 months the equivalent of maybe a years GDP of the combination of Belgium and Austria. No strings attached. Meanwhile, Pelosi had to threaten to put a lot of tarnish on his presidency just to get a mere $75 BILLION in a credit line, not even in cash or marketable securities.
Something's very wrong here.