Posts Tagged financial crisis

The bailout – why every incumbent needs to be dumped – NOW:

Our friend Dr. Forgot posted this on his blog. Dr. Forgot started the RAIN (Remove All Incumbents Now) Campaign. Please support his effort to vote these incumbents out of office on November 4th. If we keep a steady hand in all upcoming elections, we can purge Congress of those that put us in such dire straits.
We are so easily led. George Bush and his administration took advantage of the panic after the 9/11 incident to lead us into war with a country that posed no threat, had nothing to do with 9/11, has cost us billions of dollars and the lives of four thousand of our bravest young soldiers. Yet congress applauded the furor-based tripe like so many seals clapping their flippers. Nearly every Congressperson followed in lock step. But they learned from the fiasco that followed, right? WRONG! Slick Georgie Boy tried it again. When the investment banks run by his buddies began to stumble his Treasury Secretary joined him in another sky-is-falling panic speech. A $ 700 billion bailout was needed NOW! Hurry! If we wait even 24 hours the entire country will collapse. This time the conservative House Republicans said uh-uh so Happy Harry Reid bribed them with another hundred billion or so in pork. Both presidential candidates voted “Aye.” Now that’s bipartisanship not seen since they marched lockstep into the Iraq quagmire. Ten days later the U.S. Treasury has decided to give banks another $ 250 billion. If Congress was a comic strip character they’d be Charlie Brown and W would be Lucy snatching the football away each time he kicked at it. Sadly Congress is not a comic book character, although some of their antics belong in the funny pages, and your grandchildren and their grandchildren will be paying off Bush’s Bungles. They all need to be fired and you, the voter have the authority to do that. I urge every reader to join the Remove All Incumbents Now (RAIN) campaign. On November 4 vote for the presidential ticket you believe will damage our country least, then vote against every Senator and Congressman who is running for reelection.

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One Democrat Worthy of Respect

“Martial law in America if we voted no”

Posted at OpenCongress.org

Rep. Brad Sherman (D-CA) made this statement on the House floor last Thursday, the night before the House reversed course and passed the bailout:

“The only way they can pass this bill is by creating and sustaining a panic atmosphere. … Many of us were told in private conversations that if we voted against this bill on Monday that the sky would fall, the market would drop two or three thousand points the first day and a couple of thousand on the second day, and a few members were even told that there would be martial law in America if we voted no. That’s what I call fear-mongering, unjustified, proven wrong. We’ve got a week, we’ve got two weeks to write a good bill. The only way to write, to pass a bad bill: keep the panic pressure on.”

Needless to say, Sherman voted against the bailout.

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Burning Down The House: What Caused Our Economic Crisis?

Great Video that sheds light on the subprime lending crisis. Obama and the Democrats sure want to distance themselves from this but even Bill Clinton admits that he had a hand in it. If only Pelosi, Dodd, etal. would admit their part. Oh, they would never again get reelected.

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