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Angry
Yet??? Biggest Waste of
Taxpayer Money Ever! Against
the wishes of most American’s, the Senate, followed by the House,
approved the $700 Billion bailout package, attached, oddly enough, to HR
1424, the Paul Wellstone Mental Health And
Addiction Equity Act of 2008.
Seems fitting, even though the bailout has nothing whatever to do
with mental health. Even
more peculiar is the added bonus of energy legislation to the afore
mentioned bill. What,
under the sun, is going on in D.C.???
Well, it appears our government is moving in a peculiar
direction…away from the Constitutional Republic under which we were
founded and the Constitutional Democracy we have become to some
xenomorphic adaptation of a communist- fascist state by “investing”
and buying into the Mortgage, Insurance and Banking industries. The
Emergency Economic Stabilization Act of 2008, as it has been dubbed, is
the direct work of President George Bush and Secretary of the Treasury
Henry Paulson. The past several weeks have seen our government not only
bail out these industries, but the Feds are also taking ownership
interests in them, all at taxpayer’s expense.
Now our government “owns” some of the largest industries in
our country. Does anyone
but me find that utterly disturbing? They ARE trying to make it clear
that the taxpayers will not be responsible for this bailout.
Really??? And where,
pray-tell, does our government get the money to operate??? Taxes!!! In my
humble opinion, they have already spent far too much time and resources
in all this nasty bailout! Wall
Street, as anyone who was around for the end of the 1980’s knows, is a
gamble. But wait!
Could a stock market crash affect people we “know?”
OHHHH! There might
be a problem! Secretary of
the Treasury Henry Paulson was the CEO of Goldman Sachs, from 1999,
when the company went public, to 2006.
He must have a
retirement portfolio, and I am willing to wager that part of his
retirement package contains a good amount of Goldman Sachs stocks.
Why in 2005, alone, his compensation package was $37 million!
Not too bad for an English Major with an MBA!
And…That’s just the tip of the iceberg. Neel
Kashkari, tapped to handle the government’s jump into the financial
world, is also a former Goldman Sachs Vice President.
At barely 35 years of age and holding an Engineering Degree and
an MBA, Mr. Kashkari is now handling $700 Billion dollars of
taxpayer-funded insanity. Let
us move into some specific areas of contribution and see what we find.
According to the latest information from Open Secrets, which is
The Center for Responsive Politics, under the Commercial Banking
industry figures we can find that this industry contributed $2,366,119
to Obama and $2,091,291 to McCain.
This is a whopping $4,457,410 from just bankers and their
employees! Obama’s
contributions from employees of Goldman Sachs and Morgan Stanley alone
are $1,080,901. McCain’s
figures aren’t quite as bad at $469,422, but still we see how voting
against this egregious legislation might put both candidates at odds
with the industries of their contributors.
If
that isn’t enough, according to Representative Brad Sherman, there
were private conversations in the House designed basically to scare
legislators into voting for the bailout.
He stated that if the Bailout wasn’t passed on the first vote,
the market would see between a 2,000 to 3,000 point drop on the very
first day, and would continue dropping by thousands after that. He also stated that some members were told there would be
“Martial Law in America” if the bailout didn’t pass. The facts are that the Dow Jones did drop, but by 778 points,
not the fabled 2-to-3,000 point drop.
According to a CNN article, that drop does not even make it in
the top 10 percent of market declines.
So, I must ask, where did the fear mongerers get their figures???
Do they KNOW something we don’t know…Are they hiding
something or creating something???
Now, several weeks after the bailout legislation passed, we have
seen a nearly 3,000 point drop. That
was only supposed to happen IF the legislation DID NOT
pass. What, may we ask,
happened??? Since
We-the-People have been stabbed in the back by our treasonous
representatives, lets compare the vote for the original House bill, HR
3997 Defenders of Freedom Tax Relief Act of 2007, to the newly passed HR
1424. For HR 3997, the Ayes
were 205 and the Nays were 228. For
HR 1424, the Ayes were 263 and the Nays were 171.
So, who jumped ship? Who
bowed under the pressure of Paulson/Bush/Pelosi?
For starters, it appears that four Reps from Arizona, Shadegg,
Pastor, Mitchell, and Giffords, along with four Reps from Illinois,
Rush, Jackson, Weller, and Biggert switched.
Next, California gave us seven more jumpers and Texas had five.
All in all, twenty-six states saw at least one of their
Representatives mis-represent their constituent’s best interest and
vote for the disastrous legislation.
Even
in the midst of it, we know there were Reps who new better, but in the
end were coerced into treachery. However, there were a few we could count on.
Representatives Defazio and Tiahrt knew better and voted no, but
Rep. Rangel, and Rep Campbell, both complained about it, yet both voted
yes, twice. Rep Shelia
Jackson Lee knew it was less than perfect, but she changed her vote from
No to Yes, going against her better judgment, as did at least 55 other
Representatives. According
to a poll conducted by CNN, 45% of people poled opposed the bailout,
with 16% undecided. Only
38% of US Citizens were in favor of this disastrous piece of
legislation, yet Congress passed it without regard to its constituency,
apparently more concerned with business.
Well…Congress was not put in place to protect the bad judgment
of business; it was put in place to represent the people of our fine
nation. In that, Congress
has failed, and this is far from the first time. It
is time to replace the puppets in DC.
If you have been paying attention, you should be absolutely
outraged. In November, ALL
of the House of Representatives and 1/3 of the Senate is up for
re-election. It is time for
Congress to know we mean business.
Let us Take Back Washington…before it is too late! Endnotes: Goldman
Sachs Bribed Senate to Pass Bailout HR
1424 the Paul Wellstone Mental Health and Addiction Equity Act of 2008 Neel
Kashkari Top
Industry Financial Contributions Barack Obama John
McCain
John
McCain Barack
Obama Rep
Brad Sherman Speech Stock
Market Close 09/29/08 Vote
for HR 3997 Vote
for HR 1424
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