Congress/Fed/Bush Administration - Are We Going to Hold Them to the Fire?
There is more than one way to skin a cat! There is also more than one solution to saving our economy. The problem is most of the people in Washington don’t understand economics; and they are writing the solution. Kinda like a rat chewing on your body, you’re getting infected from the chewing and the rat is telling you what ointment to put on it so it doesn’t taste bad.
There have been many solutions to let the buyout companies solve their own problems. All of them are removing regulations so the shares they have in the company can be worth something again. Basically, so they have money!
Here’s another plan - how about all these politicians who got money from these companies give it back?! That may bankrupt some of them but their the ones who made the mess.
The Fed should NOT have any control over this. They solve problems by printing money. And throwing money on this is like gas on a fire.
Senator Chuck Schumer is being a weasel! He asks why the Treasury couldn’t be allotted $150 billion immediately and then reassess the situation in mid-January after a new Congress is sworn in.
And this shows why Senator Tim Johnson’s Banking, Housing and Urban Affairs chair and his brains are both #2 he said “[The bailout] may be a necessary evil, but we shouldn’t allow it to become a gift.” Where did the ‘gift’ issue come up? Gift usually means someone wanted to give it! I’m sure he’s getting this confused with the money he received from these companies, but this is like stealing from your boss, telling him you’re doing it and giving it to a drug dealer. Gift?!
I don’t care who you call but if you read this, call your representative and give them an earful! If they don’t do what you want get them out, send them a used diaper, do whatever, to show them THEY WORK FOR US!
