If someone shouts fire, everyone pays close attention-- or at least they should. Well, the financial meltdown in the last week or so has caused even the president to shout "Fire!" So we had all better start paying close attention to the proposals for not only containing this situation, but preventing it from ever happening again.
However, Secretary Paulson's plan that was submitted to the congress is totally unacceptable.
First of all, why the big rush all of a sudden? Anyone with any sense at all knew this was coming. Twelve months ago, most economists were all talking about what was going to happen, but the administration poo-pooh'd their predictions as pessimistic. Drivel.
So much for the optomists.
Meanwhile a group of leeches were making millions short selling and driving the economy deeper and deeper into the black hole. Finally, after the barn had already burned to the ground, the president said, "Boy have we got a problem here! We have to ask the taxpayers to bail out all these millionaires." Forget the middle class, forget the homeowners, we have to save the millionaires. They are the ones that keep this country going. Yeah Right.
Well fortunately, there are enough intelligent people in congress who saw right through this B.S. to say, "Bail out- OK, but sell out- absolutely not."
We can bail out this event without burdening the taxpayers if we do it correctly. I will refer you to an article in the Sept. 23 issue of the New York Times written by Carter Daugherty about how Sweden dug out of a similar situation.
The crooks who caused this catastrophe, and yes, I call them crooks because that is what they are, should be in jail and not in big golden parachutes for their action in the debacle.
The people who set this into motion, through their instance of removing the safeguards, should be voted out of office and a new president and congress should study real hard the rules to keep this from happening again. We must protect the Middle Class, hard-working people of this country from these individuals who try to fleece their fellow Americans.
The constitution says quite plainly that it is the duty of government to protect the citizens from enemies both foreign and domestic.
Throw out the crooks. Vote straight Democrat from the White House to the State House to the Court House this year.
Paid for by Bob Klug for State Representative. Pete Savu, Treasurer.
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