6-7 weeks until the Election - Is this bailout a Coincidence - I don't think so

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Real Estate Agent with RE/MAX Capital City

Does anyone else think it is not a coincedence that this is happening weeks before the election.  One last attempt to steal from the poor and give to rich before the new administration takes over and the party ends.  The same people that already made fortunes are going to make more money and they want no accountability- immunity for Paulsen.  Why would they want that - I think we all know.  Don't let their scare tactics and lies drive the final nail into this nations coffin.....

In a few weeks we will have a new administration and they should decide the best path to move forward - not this bunch of liars and thieves.  They have not earned the right to take this forward. 

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Rainer
3,582
Katy Schaff
Boise's Best Real Estate - Boise, ID

Wow, well don't hide your feelings! Then again, I don't hide mine either.

You are not taking Congress into account.  Congress has power of the purse.  If they don't vote to disperse the funds, the "administration" can't do anything about it.  Fortunately our reps on both sides of the aisle are taking a sober look at the proposed bailout and are refusing to be rushed into anything. However, if they DO vote for it, I think it's time we stopped beating the "administration=the evil empire" drum and hold Congress accountable for its votes. (They voted for Iraq, too, and they had access to the same information as the President.)

I also fail to see how "the rich" are profiting from this.  Could you be be more specific?

Sep 24, 2008 03:26 PM #1
Rainer
10,661
Shirley Walker
RE/MAX Capital City - Boise, ID
ABR, CRS, GRI

This is a bail out for the banks that made these loans - how is socialism at the top better than socialism at the bottom. Where do you think all this money went?  CEO's Salaries and Golden Parachutes and other rewards for the crooks that came up with these schemes - It is my belief that a lot of people got very rich and did so with no regard for the consequences (total lack of concern).  These are the same people that have abandon health care, social security and public schools.  These are the same people that say we can't afford these social programs.  But now they are willing to leave the Free Enterprise schemes behind and beg the American Tax Payer to pay for this irresponsibility and greed - The American Tax Payer is already paying for it - loss of jobs overseas, foreclosures etc.  - Of course Congress is intervening to change the proposal.  It was so currupt and absurd - no accountability - one person overseeing the entire process - and that one person is the same person who didn't see the train coming for the past 8 years.   Anyone that believes anything this administration tells us is naive.  Now, let's call off the presidential campaign and call off the debate on Friday.  The next thing this "evil" (your choice of words) administratio will do is try to call off the election altogether because of this "crisis" they created.  Watch and see. Think people, think.  You are being manipulated.  They gave $200 Billion last week for bailout of Freddie Mac and Fannie Mae which hasn't even begun to be implemented and now this week lets throw another $700 billion to rebail out these same loans again and lets add credit cards, car loans, commercial loans - any bad debt these bank have...It's just throwing money into a Tornado.  Thank heavens there are people smart enough to stop this.  Big Government at a level never seen before in the history of the world!

Sep 24, 2008 05:39 PM #2
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Rainer
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Shirley Walker

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