Green Means \”Impeach\”


THE BAILOUT BILL FAILS! THE PEOPLE WIN!

They’re calling it “Black Monday,” but this historic day, September 29, 2008, represents a bright victory for the People. The leadership of both the Republican and Democratic Parties ¾ particularly the latter ¾ with Bush right behind them, tried to ram the Wall Street Charlatans Relief Act into law this afternoon. But a funny thing happened. The People suddenly woke up and at long last realized they’re in a class war. They shouted “NO” with one voice ¾ and I mean that literally: according to one report I heard, emails and phone calls coming in to legislators were running 100 to 1 against the bailout bill as it stands. Whether any such bill can pass the Congress now is open to question. But the People certainly will not tolerate a measure that rescues the arrogant masters of the financial world ¾ who contribute little or nothing of value to the real world ¾ yet does nothing for ordinary folk and their increasingly terrifying problems.

One of the few positive provisions originally proposed for the bill ¾ but later rejected ¾ was one that gave bankruptcy judges the right to alter the terms of mortgages for homeowners facing foreclosure. And just this morning, in this interview, by Amy Goodman of Democracy Now of Congressman Dennis Kucinich, he revealed that he had been informed that his party’s presidential candidate, Barack Obama, during negotiations on the bailout at the White House last week, had specifically requested that the bankruptcy proposal mentioned above be excluded from the bill. So not only was Obama an eyewitness to this screwing of the average homeowner, he was actively complicit in the process.

In fact, both Obama and McCain (as well as Nancy Pelosi, Barney Frank and the whole Democratic leadership) were playing it dumb today, casting blame on their opponents for the death of the bill. If they had any real political savvy, they would take credit for the bill’s failure, so hateful is that piece of legislation to most Americans!

I will have more to talk about on this in a future posting. Suffice it to say that this was a very bad day for Wall Street, which means that it was a very good day for the rest of us.

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4 Responses to 'THE BAILOUT BILL FAILS! THE PEOPLE WIN!'

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  1. gmij said,

    The markets are being manipulated directly or indirectly by lack of
    controls (could have suspended trading). The purpose is obvious,
    to create fear so the white collar thugs can steal more money…. It
    is a shameful rip-off. Wall street and it’s friends are not for the
    American people and need to be thoroughly investigated for criminal
    activites at the highest levels.

    If this is a real emergency that effects the security of our country, it
    is the responsibility of Government oversight committees and the
    SEC to shut down the market temporally until the real issue can be
    assessed or fixed. In the mean time, STOP the bailout, Go after the
    crooks.

    What happened to our judiciary Department? Indictments should be
    streaming out with all the laws, and regulations that have and are
    twisted to steal American taxpayers money.

    America —- stand up for yourselves; your fathers did.


  2. […] They shouted “NO” with one voice ¾ and I mean that literally: according to one report I heard, emails and phone calls coming in to legislators were running 100 to 1 against the bailout bill as it stands. Whether any such bill can pass …[Continue Reading] […]

  3. James said,

    The present economic crisis is driven by fear not fact. Of the 50% of Americans who play the stock market, they only invest about a third of their total income. Of the present mortages which are foreclosed, they represent less than 5% of all the mortages; 95% are still being paid on time. President Bush rope-a-doped the Democrats into pushing through a bill which Americans hate. They came to it like a dog to a steak, but it was full of poison and tranqulizers.
    Republicans in the house can depose both Democrats in the house and the white house administration at the same time by voting it down!
    If John McCain stands with the Republicans with a new bill, the writing is on the wall for Obama, who has been absent as far as ideas!
    N.C.

  4. USpace said,

    .
    It’s a shame politicians forced banks starting back in the 80s to give home mortgages to poor people who weren’t credit

    worthy enough. Then, they just started lending mortgages way beyond many people’s credit abilities.

    Then Democrats Barney Frank and Chuckie Schumer blocked further oversight of Fannie and Freddie. That’s where all this mess

    started. And also that they didn’t regulate Fannie Mae and Freddie Mac like they do other banks.
    http://www.bloomberg.com/apps/news?pid=email_en&refer=&sid=aSKSoiNbnQY0

    Alan Greenspan should be exposed for the problems he helped cause by allowing credit quality to be ignored for so long before

    he spoke up about it.
    Scary, will sanity ever prevail?
    .
    if money were free
    it would have no value
    – extreme inflation

    .
    ignore credit scores
    give everyone homes
    – like musical chairs

    to deny a mortgage
    must be due to racism

    .
    absurd thought –
    God of the Universe says
    forgive all debts

    settle all accounts
    no one owes anything

    .
    absurd thought –
    God of the Universe says
    make housing costs look cheap

    go paint a rosy picture
    just get people to sign up

    .
    All real freedom starts with freedom of speech. Without freedom of speech there can be no real freedom.
    .
    Philosophy of Liberty Cartoon
    .
    Help Halt Terrorism Today!
    .
    USpace
    .
    🙂
    .


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