Is This One of the Few Times in History When Both Working Class & Middle...

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Richard V

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...Class Democrats & Republicans Agree? NO TAXPAYER BAILOUT OF WALL STREET!
The three-page, $700 billion bailout plan presented to Congress by the Bush Administration last Friday is an appallingly superficial response to years of bad decisions and greed of Wall Street firms empowered by a long-standing, bipartisan federal policy of deregulation and deliberate neglect.

There are many questions that have yet to be answered about the basics of the bailout: Who will be entitled to get the taxpayers’ money, and on what basis? How was the $700 billion calculated? What criteria should be met to determine what the government will pay for “troubled assets”? Why cover all financial companies – not just those involved in bad mortgages – as well as foreign companies? We don’t have the answers to these most basic questions. And, perhaps most important: Why should the hundreds of millions of Americans who did nothing wrong be required to pay $10,000 per family in this country? These are questions that must be answered to the satisfaction of the nation before Congress.
http://www.consumerwatchdog.org/corporateering/articles/?storyId=22897&lk=6720065-6720065-0-33566-gJVr2B-f8VGPoui/hzS4fhEjdVxntZ63
 
LEAVIN#1: You are so right!!! When someone proposes programs to help or insure the less fortunate it's "socialism". But, why isn't bailing out Wall Street "corporate socialism"?
 
It's Insane - Bush want's 2 spend 7000 billion by friday. Now Mccain wants 2 put his 2 cents in it. Hey I just agree with the dude from mad -money and Warrin Buffitt we'll make money on it if the housing market gets better about 200 billion maybe. Hope we get lucky .
 
We can’t feed and clothe all of America’s children, but we can afford $60 billion to bail out Bear Stearns.

We can’t provide decent medical care to America’s seniors, but we can give $85 billion to AIG insurance.

We can’t lift one finger to help out Americans losing their homes, but we can hand over up to $1 trillion to Fannie Mae and Freddie Mac.

We haven’t the funds to provide proper care and support to American veterans, but we can afford up to $600 billion to buy pledged Lehman Brothers assets.

We can’t do a thing to stanch to flow of jobs offshore and alleviate the suffering of out-of-work Americans, but we can hand $700 billion over to a guy who, until two years ago, ran the main problem-creating company: Goldman Sachs.

We can’t afford to properly educate our children to fit into a changing America, but we can afford $1 trillion for a war that Cheney and Bush knowingly lied us into.

Let those who benefited from the crime pay the bill all of them.
 
I don't know where you get your information from but without the bail out even more Americans will lose their jobs. That is called a depression.
 
Exactly! If we screw something up we suffer the consequences. It should be the same for them. And, for sure, the bastards who ran the companies into the ground should have to surrender their obscene bonuses and be tried for malfeasance. Every time a large company fails the executives pocket millions while the investors get screwed. This has to change. And I agree 100% with LEAVIN#1.
 
For me, yes!
I agree on this one!
It is not well explained and feels like a "cover up" or even a "quick fix" to me. Neither are a good indicator of progress.
CNN news took an online poll and 94% are AGAINST the bailout!
 
No, actually the census is that 70% of Americans support it.... Because they know what the consequences are if Wall Street is not bailed out.
 
Yes. And Obama is not the answer to working class middle class Democrat and Republican economic concerns.

Mr. Obama is in this mess UP TO HIS NECK!

FOLLOW THE MONEY SOURCES OF FRANNIE MAE AND FREDDIE MAC. YOu will discover why Obama will not return to the scene of the crime, to do the peoples business.
 
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