Changing the name to "rescue plan" means the same thing a "bailout"

Always changing names to be PC. GEESH..doesn't change the fact that it is still the same plan.

Called again today to my rep and senators. They are getting flooded with calls.

Yeah. . .I noticed that.

LMAO! "rescue" plan more like "the biggest load of socialist bs to screw the taxpayers" plan!

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"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

Me, too. I e-mailed all my representatives yesterday to note my displeasure.

I urge everyone to do it.

Good. . .I'm going to do the same today. Here's are few links:

No Wall Street Bailout | Ten Reasons to Oppose the Wall Street Bailout

Ten Reasons to Oppose the Wall Street Bailout
1. It costs $700 billion dollars, which is as much money as the combined annual budgets of the Departments of Defense, Education and Health and Human Services. It amounts to $2,300 for every man, woman, and child in America.

2. This $700 billion will all be borrowed money. The plan raises the national debt ceiling to $11.3 trillion. That is $11,300,000,000,000.

3. It gives Sec. Henry Paulson, formerly the head of Goldman Sachs, the power to buy assets from his former firm with no court or administrative oversight.

4. Goldman Sachs, like many Wall Street firms, gave its CEO a $67.9 million bonus last year. That is more than 1,400 times what the median American earns. Yet the plan has no provision to cap salaries or reduce bonuses at Wall Street banks that take taxpayer money.

5.The bailout has a "reverse dutch auction" format that allows Wall Street firms to set the price taxpayers will pay.

6.The 5 companies managing the bailout auction are also Wall Street firms, and will likely receive billions of tax dollars in fees.

7. The plan buys "troubled assets" from foreign banks.

8. The plan hurts responsible U.S. banks by keeping reckless, insolvent investment banks in business.

9. The idea that taxpayers will make money is a fraud. If a profit was possible, private speculators would readily buy these "troubled assets." Instead, the bailout lets Wall Street push its losses on the taxpayer.

10. The plan violates basic principles of American capitalism by creating a system of "private profits, socialized losses."



Stop the Subprime Bailout
This one is really good and explains what's going on in simple terms.


http://faculty.chicagogsb.edu/john.c...ge_protest.htm
this one is signed by several economists

__________________
"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm

IMO, the government needs to stay OUT of this. Let it be what it is. This is a prime example of giving and giving and giving.

Yes, I know, the sky is falling, the effect, the dominoes, etc, etc. My point is that the government has no business doing this, and just where does it stop? If another goes next week and the week after and the week after, does the bailing continue?

That is what concerns me more than people losing money. That the government is getting involved.

dl

So I guess they won't be going with the name "A$$raping America"

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Once the game is over, the king and the pawn go back in the same box.

LOL! No. . .but bend over anyway.

__________________
"No one believes more firmly than Comrade Napoleon that all animals are equal. He would be only too happy to let you make your decisions for yourselves. But sometimes you might make the wrong decisions, comrades, and then where should we be?"
- George Orwell Animal Farm