It is interesting/disturbing to see the debate between the left and the right over who’s interests are being protected in this bailout. On the left, they are whining that this is a bailout of evil Wall Street, and on the right they are crowing that a lack of a bailout would actually kill Main Street (they are correct about that).
The truth of the matter though is we are not bailing out either Main Street or Wall Street. We are really bailing out the foreign investors who also loan us money. If we burn them with the worthless fraudulent paper that we sold them, and do not bail them out, they will likely stop lending to us because they will rightfully determine that we are a bunch of crooks not worthy of our word. Then we will be f*#ked on every street,
It would be nice if the government would come clean with the American public about this, so that we could make an informed decision about the necessity of the bill. Perhaps they fear the American public is too stupid to understand that we need to bailout the foreign banks because we need those banks to trust us and our market guarantees.
The financiers are snookering us again. We, the taxpayers, will never see that money once Congress caves in to special interests, (as usual). If we try to get it back by taxing these businesses, then they will take the good parts of their portfolios and flee to other countries. Suckers!
If we use that money to enhance social security, then all of the retirees that lost their retirement funds in the stock market will at least be guaranteed a reasonably comfortable retirement. (The only ones who will still be unhappy are the ones trying to retire to their mansions.)
Finally! Congress has found the money to make social security work.
Let Congress know that if they get fooled by this bailout, then the only thing for voters to do is punish congress the way it was punished for the gulf war.
Bryant Arms