I would like to protest the Bush administration’s proposed $700 billion bailout of the financial industry.
What Secretary Paulson is asking for is a blank check – no controls, no real plan no nothing. And that, coming from the Bush administration is laughable.
Perhaps they can contract out the reconstruction of our financial industry to Halliburton? And if you’re willing to buy that, I have a nice bridge you may be interested in…
The single over-riding reason the country’s economy is where it’s at right now is because of the Bush administration, and the feeding frenzy they’ve allowed to exist for the last eight years. Capitalism in its finest hour. Bush’s whole economic plan for the last eight years has been recycled Ronald Reagan era trickle-down economics coupled with lax regulations and no meaningful oversight.
So what happened?
What happened is they’ve raped the economy, they’ve raped the American taxpayers, they’ve raped Iraq and Afghanistan, and basically, they’ve raped the whole world.
Greed run rampant, without controls; without reason or care.
And so now, after reaping the fruits of their ill-gotten labors – where their house of cards finally fell apart – we’re supposed to reward the bad behavior of all these corporations and reward their greedy executives by bailing them out – buying all their bad loans. And all without any oversight or real controls – or even a detailed plan? Particularly where the executives keep their $1 million salaries?
I say no. In fact, hell no!
Their own greed got them in this fix, then so be it. They made their own bed, let them lie in it. It’s time to sink or swim. That’s real capitalism.
This is time for natural selection to have its run.
Not one public penny should be paid to any of these corporations!
The executives of these corporations should be tried for criminal negligence and have their personal wealth confiscated. They can use that to bail themselves out.
Any public money paid out should go directly to the actual mortgage holders.
This crisis will be a grand part of Bush’s lasting legacy to the American people. He’s going to be remembered as a latter-day Herbert Hoover.