The pilfering of American taxpayers?

word

 

Did you mean Iraq instead of Georgia? Because you didn't even mention Iraq, and I'm not sure you can lay Georgia at the foot of Bush.

 

Many people do hold US partially accountable for what's happening in South Ossetia and believe the Georgian attack was backed by the Bush administration.

 

Some of us even suspect the 9/11 tragedy was backed by the Bush Administration.

 

Conspiracy theories aside, to say that "the 9/11" was not a direct result of US foreign policies is simply irresponsible.

Anyhow, back to the main discussion....

 

Yesterday, President Bush announced his $700 billion plan to buy out troubled financial institutions. Demanding enormous faith in his administration’s stewardship, the plan “would place no restrictions on the administration other than requiring semiannual reports to Congress, granting the Treasury secretary unprecedented power to buy and resell mortgage debt,” and to hire outside firms “to help manage its purchases.” Further, the proposal provides no oversight mechanism:

Sec. 8. Review: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Bush is demanding unprecedented control over billions of dollars — with no oversight. His history of mismanaging taxpayer dollars should make Americans skeptical of his buyout plan:

http://thinkprogress.org/2008/09/21/bush-legacy-taxpayer-funds/

 

We all have to do this and show oppossition against this "bailout" plan. Write letters, call, make your oppossition be known.

There are no provisions in that bill that in any way, shape or form benefit the taxpayer or the population. The people getting foreclosed on will still get foreclosed on, as they should. However, why are the taxpayers getting tapped to save these scumbag banks at the same time? This is robbery, plain and simple.

This is being pushed by Paulson solely to save Goldman Sachs, in which he still has stock. GS, along with Morgan Stanley will go BK if this is not passed.

 

in some cases it is actually a fantastic idea.....some guys i know made millions buying 10 -15 houses at a clip and some lost their entire net worth....peace

 

Why would any citizen believe that government does the will of the people in practice? Get real, they only say what is necessary to get elected. After that, it's their show, and their money, even if we have to pay for it.

Nobody should be surprised this day of reckoning is here, and worsening... the Fed's nearly 100-year old policies with the government's endorsement are 100% responsible for this crash. Not speculators, not mortgage companies, not the little guys on Wall St. Pay off your debt and board up the windows, it's going to get nasty.

 

Future earnings of any bank that gets bailed out should be taxed so heavily as to cover this bullshit. Why should I pay for their transgressions? They can stay in business but they are MY bitch! :eek: