Tuesday, September 23, 2008

700 Billion Dollars for CEO’s

The proposed 700 Billion Dollar Bail-Out will be the biggest scam ever pulled on the American public. If you thought Enron was a crime. If you thought the Iraq War was a complete disaster. If you thought the government's response to Hurricane Katrina was heartbreaking. If you thought the price at the pump was outrageous. If you thought the Stimulus Package was a waste. You ain’t seen nothin yet.

How did we get here??? The pundits asked over and over this weekend on television and radio. 

I’ll tell you how we got here….. Eight years of conservative leadership. They lied about wanting limited government. They lied about believing in fiscal responsibility. They lied about helping Main Street. They lied about the reasons we went to Iraq. It WAS for the oil. Two oil men in the White House, the President and the Vice President out to get as much money as they could. 

Now they say we have to bail out the financial system or our pensions and retirement savings will be wiped out. When was the last time you read your 401K Statement? Chances are you already lost 20 percent since the beginning of the year. Every time you fill your tank you’re losing more money. The price of your groceries has gone up 40%. The value of your home if you are lucky to own one has dropped like a rock. So much for your retirement plans.

Trickle down economics is a scam. It always has been. Just how many financial experts will need to be hired to dole out the 700 Billion Dollars? How many of the same CEO’s that ran their company’s in to the ground will be hired to fix this mess? How many golden parachutes and stock options will be distributed? How many politicians will get kickbacks from Lobbyists? How long will our kids have to work to pay this debt off?

Have you any idea how many schools or hospitals could be built with 700 billion dollars?

Like I said, this is the biggest scam ever pulled on the American public. We have got to stop it from passing!

1 comment:

Phil Vanderyken said...

wall street created a shadow economy with literaaly billions made up out of thin air. they've been playing russian roulette with the global econmy and we're all paying for it. and now that theor global scam is finally backfiring our money is bailing them out.
here's what i would do with 700 billion.
1. invest in health care and education
2. fix and improve our infrastructure
3. invest in small, sustainable business
4. afterschool programs, job training, low income housing, daycare...

the result? the underclass would be lifted up into the middle class which would lift up everybody's standard of living. crime would decline dramatically. our cities would improve. everybody would feel like thay have a stake in society. communities all over the country wouldgrow and improve.
and the economy would no longer depend on a handful of obscenely wealthy and all powerful corporations who eat everybody else's lunch.