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BUSH BAIL OUT
--something fishy is going on in Washington D.C. and it isn't ponddead scum.fish.
By Jim Miller, 9/26/2008
I am extremely outraged by Bush's attempt to defraud the American public. Please kill the Bailout. It's nothing more than a Ponzi scheme to enrich Bush's friends and backers. What stupidity-- helping "rescue' his cronies while the homeowners whose homes are being foreclosed, are left twisting in the wind.
Bush lied to us about the Iraq war. Shame on him. He is lying to us now about the bail out. Shame on us if we are again gullible.
Not only kill the bill, but kill the idea and investigate who is really behind the plot to rob us of not billions, but trillions.
Here's a quote from your fellow Congressman:
Elsewhere, Rep. Michael Burgess (R-TX) said that the only information he had received about the bailout was what talking points to use on the American people and that he had been thrown out of meetings for not blindly supporting the bill.
We don't need talking points, we need action points. Bail out home owners who are facing evictions and loss of home equities - which equities have thus far driven the US overconsumption economic engine. If you want to see a real depression in both the economic and psychological sense, just FAIL to help the home owners out of their financial mess.
The huge hedge funds, REIT's and mortgage backed security holders are investors. They can afford to lose their investments -- they took a risk in making their investments. The US Treasury is not an insurance company against risky events happening to rich investors' investments. The cries from Wall Street are way out shouted by cries from our home owners on a scale of 100 (homeowner) to one (Wall Street). Congress needs to undo the Bear Sterns deal and recover all money and credits GIVEN the failed financial institutions at taxpayers' expense.
I want you and your fellow Congress members to take effective action in favor of the home owners and let us know by email exactly what action your took -- we don't need platitudes -- we need bills passed with money to help the home owner -- not the financial institutions which knowingly took the risks.
James E. Miller, JD