Posted by
Patriotic Woman on Monday, September 29, 2008 4:23:56 PM
I am grateful to hear that congress, both democrats and republicans actually defeated what will be Bush's worst decision since nominating Miers and saying 'she is my friend you can trust her' as the sole argument for her qualifications to be a supreme court judge.
I voted for Bush. However, this is a time to rise up and respond as Americans and not as party hacks. This 'bail out' plan sounds more like Bush planning to bail out his rich buddies in Wall Street for bankrupting financial institutions. How much money is enough for these greedy people? It would be better for Bush to pardon these thugs, after they have been jailed for bankrupting wall street, than for him to peddle this baloney bail out plan without any accountability or transparency being required from the thugs who caused this mess in the first place. At least then, we can always argue - it is within a presiden't prerogative to pardon whomever he or she chooses.
Before we 'hurriedly' sign on to this 'saving Bush's friends' bail out plan, here are some basic questions that need to be answered. We need to know 'the truth, the whole truth and nothing but the truth'. We need these answers given under oath so that we the people know that the court can prosecute anyone who commits perjury.
1. Who got paid to bankrupt these financial institutions? We need names and the executive positions held by all the people in all the specific institutions that have failed and now have reorganized their status from lending institutions to banks in order to qualify for the Bush Baloney Bail Out plan.
2. How much were these people paid? While they are quick to tell us we are 'melting down' and want all the $700 billion now and not in installments to allow for accountability, we should not trust this 'do it now or else' premise. Why? Panic-based decisions will lead us to an even worse path because the solutions will be temporary and not permanent. If we know how much the executives (decision-makers) were paid to bankrupt these institutions, then the Bush Baloney Bail Out plan, can be replaced by a principle centered plan that gives specific reasons as to why the crisis happened, and specific long term solutions. It is impossible to hurriedly form a Bush Baloney Bail Out plan without understanding the reason we got here.
3. What should the executives (decision-makers) do to make restitution? After we have names, positions and compensation, we can discuss the required restitution. Ken Lay went to court, so at a minimum these people who were making decisions should go to court. It appears as it, they cooked books early and often enough to give a false impression of how well they were doing. We want at a minimum jail time for 'cooking books' and misleading tax payers that the institutions were doing well when in fact, they were not. As for the politicians, Bush and Pelosi should be impeached and jailed for not showing leadership in the executive branch and in the house of representatives, respectively.
4. What are the unintended consequences of this bail out? If Bush and Congress go along with bailing out these crooks then all people who are current on their mortgages should default so that they too can be rewarded with lower interest rates. That's right! Main street should hold Wall Street hostage by refusing to pay their mortgages because what is good for the goose, is good for the gender.
5. When did Paulson and the Wall Street Kabala come up with this genius 'bail out' plan before or after they cooked the books? It seems to me the readiness of a 'bail out plan' coupled with 'it must be done right now' raises the question - what did Paulson and the Wall Street kabala who are going to 'save us now' know, and when did they know it? This stinks so much that Bush ought to be ashamed for rubber stamping it.
6. Email congress and tell them to say no to this Bush Baloney Bail Out plan. The email is 'budget.democrats@mail.house.gov' and 'budget.republicans@mail.house.gov'. Let us take back our country and build it up one good financial institution at a time. Do not support any panic-based decision. Wait for the next president to address this very important issue with long term repercussions. Time will reward our patience if we slow down enough to understand what specifically went wrong and how do we ensure it won't happen again in the future? We can all buckle up and understand that it is better to let incompetent and ineffective institutions fail, than reward them without accountability because it will cause worse problems for us in the future.
Alternatively, we the people can learn to 'work the bail out system' by seriously considering defaulting on our mortgages to qualify for the lower interest rates as a way to let Bush and Wall Street know - we too can play hard dirty politics within the system to get rewarded. Forclosure anyone? Any sensible person who believes he or she is being punished for actually making a wise mortgage should email congress and explain to them the case against this 'bail out' baloney. This Bail Out rises to an impeachable offense and we should not let the president or wall street hold tax payers hostage with their panic-based decision and threats to melt down our economy unless we bail them out. Email congress and tell them to say no to this Bush Bail Out Baloney plan. The email is 'budget.democrats@mail.house.gov' and 'budget.republicans@mail.house.gov'.