Bcarl37d's Weblog

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Bailout or Sellout

Hi folks, Here is a plan created by an average citizen, my husband. Please take the time to read it and feel free to pass it on to all you know. Maybe it will make the rounds and sink into those so called highly education/trained financial minds in Congress.
Bailout or Sellout?
>
> By Bruce C. Davison
> January 24, 2009
>
> The financial “solutions” put forth by the United
> States Congress immediately prior to the United States
> Presidential election left a large portion of the electorate
> in a state of both astonishment and shock. They were
> astonished by the magnitude of the “crisis” that
> suddenly appeared on the national news. President Bush
> immediately pushed the “crisis” as a catastrophe
> of immense proportions. It was so bad, it required the
> “rush to judgement” mind set not seen since President
> Roosevelt pressed Congress for a “Declaration of War” on
> December 8, 1941.
>
> Bush didn’t get the results he wanted right away.
> Within a couple of the weeks he did get the biggest
> “bailout” the Congress could cobble together.
> Unfortunately the plan called for massive unbridled spending
> and virtually no plan for how or when the money would be
> returned to the people (i.e. reduce the National Debt).
> Bush’s Secretary of the Treasury, Henry Paulson, saw his
> chance to reward his friends in the Banking Community with
> an initial gift of $350 Billion of the taxpayers’ money!
> (But wait there’s more, there’s another $350 Billion as
> soon as we can pry it loose from the Congress!).
>
Continue

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February 13, 2009 - Posted by | Uncategorized | , , , , , , , ,

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