Isn't it funny, in a very sad way, how the liberals are latching onto the Wall Street mess to further their ambitions?
They have very poor memories of just who created this stink bomb and when.
Now, every liberal candidate is out beating the drum to pin the blame on Bush.
At the same time, they have insisted on a pork- laden mess of a bill, but now call it "Financial Rescue" instead of a bailout. More than 80% of the American people responded negatively to the bailout, so the Masters of Semantics (Congress), renamed it to something they thought was more palatable(yuk!)
Of course, the new Rescue had to contain things like cash -blink of an eye- to Detroit (!?)to encourage auto makers to do what they do anyway; engineer automobiles.
Money for education and solar energy, biofuels, and mental health coverage on par with medical coverage. Of course, the liberals want it to fund unpaid mortgages for the "poor" as well.
What have these things to do with Wall Street finances?
NOTHING!
The sad part is, this bailout is itself a gamble. There is no proof that putting the taxpayers on the hook for the irresponsibility of others will even work!
Yes, bail out the small, honest lenders that have hung on to their own mortgages. But not the reckless Vegas- like mob on Wall Street or the people who never should have been given loans in the first place. These are two segments of society that don't pay taxes anyway, and now are about to get taxpayer bailouts.
And oversight for the plan? Laughable! The same clowns who watched this mess unfold before their very eyes are the same ones charged with oversight now. It borders on criminal.
I urge every one of you to contact your senators and congressmen in Washington to rebuke them for once again failing to listen to their constituents.
This bandaid approach will be costly and, I believe, make this pain last even longer than it should.
Cavuto said it best: "In capitalism, some people are supposed to fail."
Friday, October 3, 2008
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