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    • The Path Of The Great Prophets
      A religion is an ideology with supernatural elements. We consider it OK to criticize Marxists or capitalists or libertarians or monarchists, but we tend to shy  away from saying that a religion has bad elements. The Hindu caste system is evil. It needs to end, and it needs to end today. If The Laws of […]
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House Bailout Does Not Pass GO

To My Reps in Congress:

I do not support the current bailout package for several reasons: 1)
hundreds of economists who reject it are not being listened to; 2) no
judicial review; 3) doesn’t help main street or homeowners; 4) doesn’t put
in place adequate oversight; 5) doesn’t provide jobs to the American
people; 6) doesn’t cut Wall St. compensation packages to greedy CEOs.

I’m not against a bailout, just this one. Is there no other plan? This fear-laden,
panicked rush to save our country is too reminiscent of how we got into
the Iraq war.

Where were Barney Frank et al when everything was melting down over the
last 7 years? Why were the largest Wall St. contributions taken by Dodd,
Obama, and Kerry? Why didn’t Congress heed Bush’s warnings to curb Wall
St. excesses and failings for years?

I’m a lifelong Democrat and ashamed of my Party, especially Pelosi, Reid,
Frank, Dodd, Obama. To blame it all on Bush is a joke. Where were the Dems
who promised to turn things around? Why didn’t Pelosi and all stop the
war, which is how they won in 2006? She’s now pontificating against the
Repubs, and her hypocrisy makes me ill. Where was she? Where was the fight
of the Dems till now?

That’s what I wrote. Did you call or write?

Foreclosures are not considered.

Party                      Yea     Nay      NV

Democratic            140      95

Republican               65    133        1

Totals                      205   228         1

Financial Markets Bill (according to my notes from C-SPAN-TV screen — I didn’t get complete full sentences on every one — I am unable to get into their website right now, it’s jammed.)

  • $700 Billion Intervention plan; a simple majority is needed.
  • Government to purchase up to $700B to buy troubled mortgage.
  • Participating companies must give the government a share in profits.
  • Treasury department must set limits on executive compensation in participating companies.
  • Treasury department must develop plan to encourage mortgage lenders to refinance homes before foreclosure.
  • Creates oversight board to review the plan’s effectiveness.
  • Authorizes insurance program.

Above is Hannity’s September 28, 2008 report. The Dems have their hand way in this, and people aren’t buying it.

An illustrated view of how we got here, h/t to V.

Congress: How about hearing from a panel of esteemed and educated economists, instead of your “leaders” trying to figure it out behind closed doors? Don’t you think they might be able to come up with a better plan? Kucinich didn’t buy it, neither did Ron Paul. Recorded vote is coming up. Here’s the tally.

Now, members are asking what would happen if they were to change their vote, and how long they have to do so. Stay tuned. There seems to be lots of yelling.

How about creating jobs? What about small business owners? What about other businesses and companies? Who bails them out? Get back to work, Congress. Revise. Make the bill better.

If this particular solution passes, will we all own Wall Street and everyone’s home? Welcome to The Commune, folks.