Nice Bailout. Now Pay For It!

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  Posted By: tired and old @ 03/24/2009 2:16:55 PM

  WALL STREET AND THE CONSTITUTION OF THE UNITED STATES.
  
  CEO PREAMBLE.
  
  We, the SUPER RICH of the United States, in order to form a more perfect SYSTEM OF CORPORATE GREED, establish CORPORATE BAILOUTS, insure FINANCIAL tranquility of OUR TOO BIG TO FAIL BUSINESSES AND OUR OWN PERSONAL WEALTH, provide for OUR COMMON defence AGAINST PAYING TAXES, promote OUR own general welfare, and secure the blessings of CONGRESSIONAL FINANCIAL ASSISTENCE to ourselves and our posterity, do ordain and establish this NEW Constitution for the United States WITH EMPHASIS ON BAILOUTS AND THE TWO DIFFERENT SETS OF RULES FOR THE SEPARATE CLASSES " THE SUPER RICH " AND THOSE " WE THE PEOPLE " WHO SUPPORT US WITH THEIR TAX DOLLARS.
  
  

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  Posted By: jpinsatx@gmail.com @ 10/23/2008 11:32:44 AM

  More Trickle-Down Economics will NOT work. More corporate
  tax breaks and deregulation mean executives are paid millions
  of dollars, jobs are outsourced and creditors become loan
  sharks!
  
  Re-Unite and Rebuild!
  
  Focus on Rebuilding Infrastructure, both physical and human.
  
  The Physical Infrastructure that supports a society, such as
  roads, bridges, water supply, waste water, power grids, flood
  management, communications, etc.
  
  The Human Infrastructure that supports and makes possible the
  American Way of Life: The Middle Class, The Working Class...
  The Middle Income!
  
  Who will...
  
  1) Stop job outsourcing?
  2) Bring outsourced jobs back?
  3) Make quality education and job training available to all citizens?
  4) Make quality health care available to all citizens?
  5) Promote, support and protect small business growth?
  6) Protect consumers from banking, lending and credit bureau abuse?
  7) Protect the Constitutional rights of all citizens?
  
  Re-Unite and Rebuild!

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  Posted By: Nowforthetruth @ 10/07/2008 8:13:29 AM

  Obama is getting a bump out of this because people are not being reminded of the whole history where the economy is concerned, and who did what when. Call it bias by omission. The media simply says that the economy is Obamas strong issue, but never discusses the facts in detail. Further, who had a majority when is rarely relevant. If the simplistic Party In Power model were true, then the Democrats would not have needed the House Republicans when they tried to pass the bailout bill, as Democrats have the majority in both houses and there is no threat of a veto. In theory, they do not need the Republicans to vote at all. In fact, something like twelve (12) Democrats from Barney Franks own banking committee voted against the bill. Obviously, it is not so simple and the media does the voter a disservice by doing little more than reinforcing the error. A similar argument would be to say that the economy appeared to be doing fine until the Democrats took over control of Congress and the power of the purse, then it tanked. As an aside, the media also misleads regarding the Clinton economy when they fail to mention that it also ended in a recession, requiring the first round of Bush stimulus checks immediately after he took office..
  
  
  Do Obama and the Democrats deserve a lift in the polls as a result of the financial and mortgage problems? The answer from history is a clear NO. Here's the lead of a New York Times story on September 30, 1999:
  
  "Fannie Mae Eases Credit To Aid Mortgage Lending" [link below]. That's 1999 folks. Clinton Administration, I believe.
  
  Here's the lead of a New York Times story on Sept. 11, 2003:
  
  "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. "[see link below] The Democrats killed the reforms.
  
  McCain said in co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190:
  
  "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole. The Democrats killed the Bill.
  
  What was Barney Frank and fellow Democrats saying at the time of these attempted reforms? According to reports, Representative Barney Frank(D-MA) claimed of the thrifts :
  
  "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
  
  Representative Mel Watt (D-NC) added of the reforms "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing." [ See Community Reinvestment Act, link bel