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Who Says We Need a Bailout……WHO?

Who says we need a bailout? Henry Paulson? George Bush?

It’s not like we’re getting this bailout money out of a petty cash drawer. They are asking for $700,000,000,000+ to be disbursed by who?

To the bunch of greedy Wall Street sharks who are the ones primarily responsible for getting us into this predicament in the first place?

And what about the little guys…you know those that inhabit Main Street? A lot of lip service has been given to making sure that the people that are suffering the most from this crisis benefit from this bailout. 

 

TOO MANY QUESTIONS!

ANALOGY: You know no one generally objects to helping a person suffering from an active addiction if he/she is ready and willing to make a change and embrace a program of recovery. We call that throwing “good money after good.” However if the addict is just looking to get out of a jackpot situation then that is a classic example of throwing “good money after bad.”

The thing that we are being asked to believe in the words of people that have consistently bullshitted the American public time after time. Even the assurances that there are provisions in the bailout bill for “Main Street” are dubious at best.

Watch this video of Congressman Dennis Kucinich offering his take on the bill. If nothing else, Kucinich is one of the straightest shooters in Washington.

 

WATCH and YOU DECIDE
 

AROUND THE BLOGOSPHERE:

More Bailout Thoughts - What were the chances as of this morning that the 110th Congress was going to pass some sort of bailout bill before it adjourned? 90 percent, I’m guessing? What are the chances now? Higher than you’d think because of the thermostat …

Bail In or Bail Out? - The reality of the bailout plan is so very different from the way people are thinking about it, though, that I thought I might offer some clarity. (I’m sure some of you will interpret this as additional obscurity, so ymmv.) …

No Bailout Yet! - For good or for ill, Congress actually listened to its constituents this time around and voted against the billion dollar bailout. The news, of course, was a big surprise to virtually everyone and Wall Street was not happy. …

The $700+ Billion Bailout–Posner - The more it overpays, the most costly the bailout plan to the taxpayer. A more palatable approach would be for the government to drive a Warren Buffett style hard bargain, in which, rather than buying anything from banks, the government … 


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  1. 8 Comment(s)

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