Tuesday, September 30, 2008

...And more of them voted....

Video's that just weren't important enough to show up on the news - guess it wasn't newsworthy? The public HATES this bill. CNBC even admitted that of all the emails they got on the topic, they did not recieve a single email in support of it. Not one!! Don't believe the hype even though it is now known as a Rescue plan rather than a Bailout. Hype.
http://tinyurl.com/4zq2qt



What's going on here? As heard on CNBC:
http://tinyurl.com/3vn5xr

Paulson and Bush threatened to veto the legislation if there was an explicit prohibition of transfers from foreign banks to an American subsidiary.

The assets do not even have to be American Mortgage assets – they can be an office tower in Shanghai! This money is going directly out of the country.



Who knows what their plan is, but for two guys (Bush and Paulson) who are BEGGING people to pass this bill, why would keeping the money in the US be a dealbreaker?

The Senate is voting tonight, the House again Friday (should we just keep voting until enough people get bribed?).

Senator Coleman 202-224-5641
Senator Klobuchar 202-224-3244

If you are so inclined, call now and tell them to vote against this bill because the money will not stay in the US. More importantly, call your Congresman too since they don’t vote until Friday – they are all up for re-election in a month. Find out who they are at congress.org if you don't know. Tell them you won’t vote for them if they vote for the bill as the money will not be used here.

But far be it from me to say what is right, because no matter what we do there is a very rough road ahead. Some of you think I’m an idiot, which is fine with me - but you also thought that a year ago, so I'll just have to live by my track record. Regardless, you should also call and instead lend your support to the above representatives as they will be happy to have some citizens on their side - and the more people being active now, the better.

But since it’s my blog...The money is doing worse than bailing out wall street, it's bailing out everyone the dill-holes on wall street screwed. With OUR money. Now we see why foriegn ministers spent today saying we need to pass this - UNREAL.

If it was the end of the world because the market tanked, how come it didn't continue, rather that go up 500 points? We are being played. We are being blackmailed. Get ready for an even worse economy than originally predicted – which was going to be horrid.

Final summary of what this bill is: A giant margin call on our countries debt. We don’t play ball, the world tells us to piss off and cuts us off. (recall that we owe 2 Billion a day in interest, we kinda need them)

Not that I was one of the masses living irresponsibly beyond my means, but...Pre-emptive giant SORRY to future generations.

1 comment:

ACS said...

Oh yeah, I forgot I was supposed to have the answer and not just complain.

Passing something just to pass something is dumb. You want a plan, I don't have one - but I can give you one that is a *billion* times better than the current one - take out the section that allows the money to leave the US - or flat out tell the public what you are doing and see how they react.