Posts Tagged ‘Bailout’

Senate, House Pass Banking Welfare Pinata

Can’t pass a bill the first time? No problem. Nothing makes congressmen forget their principles like riders. Add an unrelated solar energy subsidy here (Sounds like something we should do in an energy bill.) a unrelated tax break there (I’m all for lower taxes, but doesn’t that belong in a tax bill?) and viola, most congress men and woman are completely blinded by the unrelated treats to notice that the bill they are passing tramples many if not all of their core beliefs (or at least what they claim are their core beliefs while campaigning).

$700 Billion!?!? Go Home! You’re Fired!

The news is full of FUD (fear, uncertainty and doubt) about the economy. I don’t doubt things will be bad, but the way the banking industry, including Paulson and Bernanke is selling it, each of our first born will be killed. This is a pattern in the executive branch during the Bush administration. That is the first thing to realize. Bush has used this same tactic to scare the American people into surrendering rights and granting powers over and over again. This is just another example.