There are so many reasons to say no to this bailout plan…
One is that this “compromise” that Off-The-Table-Pelosi is proudly claiming, is that they are holding the price-tag WAY DOWN.
But in reality, they are giving Paulson $250 billion to start with, and another $100 billion, almost immediately, if they need it and ask for it. Do you think Bush will ask for it? Of course he will.
Then, the other half of the deal, $350 billion, will be handed over after a little while, by law, unless an act of Congress holds it up, which the President can veto, if he chooses. Do you think President Bush will veto it? Of course he will.
If that happens, it will take a super-majority vote to hold up the final payment, and we all know what that means. It means this “plan” they came up with in the dark of night, will STILL cost the taxpayers $700 billion dollars. Funneling the wealth of this country from the working and middle classes to the rich is what they are doing; again.
This “plan” hatched by Pelosi et-al is a fraud; just one more in a long line she has perpetrated on us. We can’t let this one go unchallenged.
(1) Call your Representatives and Senators at 800-473-6711 or 202-224-3121 and say No Bailout!
(2) Email them too and tell your friends:
This is theft. Pure and simple. Don’t stand for it.
Pelosi says this is not a “bailout plan” but a “buy-in plan”, and she is right; it is her her and Congress’ plan to use our money to buy themselves into the favor of the super wealthy monied class of this country and Great Briton.
Filed under: disaster capitalism, Economic Crisis ie. Disaster Capitalism | Tagged: bailout plan, financial terrorism, fuck nancy pelosi | 8 Comments »