Posts Tagged ‘economic recovery’

$700B Bailout Plan Up For Debate In House Today

Monday, September 29th, 2008
The House debates the $700 billion Emergency Economic Stabilization Act.

The House debates the $700 billion Emergency Economic Stabilization Act.

The $700 billion bailout plan has been pushed to the next level after a 220-198 vote in the House of Representatives today.   The plan now goes to a three-hour debate, followed by a vote.  Is anyone else as freaked as I am?  Not just because of the fear-mongering tactics they are employing to get everyone to think that this plan in necessary.  But more that people are believing it!  Why should we have to pay greedy corporate bastards to try to correct the mess they got us into in the first place? Why shouldn’t the American people (those who are really in trouble) be the ones who get the bailout? Oh sorry…”recovery plan.” The only time the government gets both sides together with bipartisan tactics is when there is something they really want everyone to believe in without questioning it. But if people look a little closer, you might realize that there are other options. This (evil) “plan” seems like one last nail in the coffin before Bush leaves office. I have to agree with this blogger when he says that this entire thing is extortion.

According to Rep. Scott Garrett, “America you should be outraged about what Washington is about to do because Washington is not listening to you.”  He goes on to refresh our memories that the US has given advice to other countries who have seen similar economic struggles.  In those instances, our government said the answer was simple: “Balance the budget, cut government employment, maintain free trade and the rule of law, and don’t prop up failing enterprises.”  So why don’t we follow our own advice?

Please contact your representative now and tell them that you demand real action.  We need to tell them that we are sick of bailouts.