This idea of issuing an appropriate stock to taxpayers when taxpayer money is used to bail out those useless money grabber in the business world is a splendid idea. [...]
COMMONER: A person WITHOUT noble rank or title.  |
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Paulson hid the little 5-sentence notice deep in his proposal so as to obscure it from lawmakers reviewing the proposal. It was days later before anyone noticed it, and lawmakers would not revoke Paulson’s change for fear it would throw the financial market into a deeper tailspin and the entire system would collapse. [...] November 13, 2008 The Facts Using the old slight-of-hand trick, George Bush, with a helping hand from Henry Paulson, pushed through another huge tax break for their friends on Wall Street. While everyone was focusing on the financial crisis and the bailout negotiations, no one even noticed the conveniently obscured clause in the bailout bill referencing tax bill Section 382 which says “the secretary can write regulations to carry out the purposes of this section”. This clause “allowed” Paulson to repealed a law enacted more than 20 years ago, which was to prevent tax abuse by corporations; very much in the same way banks are doing now as a result of the repeal, but this time using taxpayer money. This gift to the banks will rob the treasury of as much as $140 billion, which of course, the regular taxpayers will have to make up. Continue Reading » »  October 4, 2008 The Facts The following is a list of members in the House of Representatives who changed their vote from the first time they voted on the Wall Street bailout bill. The first vote was on Monday, September 29, 2008, with the second vote on Friday, October 3, 2008. Continue Reading » » October 2, 2008
The Facts
The following is a list of our elected officials who voted on the Wall Street bailout bill. The first list is the House of Representatives vote on Monday, September 29, 2008. The Senate did not vote on the bill because the House voted down the bill. The second list is the Senate vote on Wednesday, October 1, 2008. The third list will be added after the House re-votes on the bill, which is expected to be on Friday, October 3, 2008. On that list I will highlight the ones who changed their vote from the Monday vote as a result of their personal desires being added to the bill. Continue Reading » » October 1, 2008
The Facts
For over a week now we have been bombarded with just how bad things are going to be for us “regular folks” if the bailout bill is not passed. We have been told we won’t be able to borrow money for a new car, new house, new television, collage, etc., etc., etc. Then we are warned how our retirement money (401k’s, investments, other accounts, etc.) will suddenly “disappear” if we don’t go for it. We are also told how horrible things are going to be for car dealerships, small business owners, new home builders, etc., etc., etc. And guess what? It’s working. The polls prove it. Why? Because every television outlet and news paper is doing nothing but airing these “Armageddon” stories. And, we mustn’t forget how this bailout is for “main street”, not “Wall Street”. Continue Reading » » |
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