“If this deal succeeds, I predict it will become a transforming event in American politics--exposing the deep deformities in our democracy and launching a tidal wave of righteous anger and popular rebellion. As I have been saying for several months, this crisis has the potential to bring down one or both political parties, take your choice.”-Prominent journalist and author on the economy William Greider
This 'unconditional bailout' should start the people's revolution because I don't really see how we can continue to support a government that has proven it isn’t 'for the people'. Where did it say 'for the ruling class’s pocketbook and large corporations'? 'We the people' are losing our homes, our jobs, our healthcare, or ability to maintain a stable enviroment for our families. We're the ones in need of a bailout...not the fatcat with a golden parachute and expecting a bonus in the millions and a company with record triple digit earnings in previous filings!
Treasury Secretary Paulson’s bailout is nothing more than an all time historic swindle. It’s a free payday that doesn’t allow for reform or mandate any change in how business is done. Christopher Whalen of Institutional Risk Analytics, puts it: “[The Bailout] smells an awful lot like yet another corporatist lovefest between Washington's one-party government and the Sell Side investment banks."
People enough of this bullsh@t. The institutions and corporations and banks and billionaires that are calling for a bailout with no strings attached need a wake up call. Let me be clear, bailout, yes, but it must be a serious intervention in which Washington takes charge of, stabilizes and then promotes regulations and oversight to ensure business is not 'as usual'.
The bailout is not a quick fix only a quick scam. The economy is totally pickled. It will be for a long time. Start paying off US debts. Stop the biggest suck hole of money…the war. Promote US government fiscal responsibility. (Yes monkey see, monkey do!). Shift accountability back to where it lies…as in our failed policies, dependence on greed, lack of personal restraints, and inability for the industry to police itself.
Enough madness...grrrrr...I guess I shouldn't expect more from an administration who's answer to terrorism was to have us spend more at the mall.
Which leads me to our own Minnesota grand idoit, Senator Norm Coleman, who apparently is now a snake oil salesman for the bailout...just what we need in a crisis!