Today, Illinois Congressman and DC power player Rahm Emanuel voted for the $700 Billion bailout bill. His Green Party challenger in the 5th District, Alan Augustson, has issued a statement this evening unconditionally condemning Emanuel’s vote: I wish to state for the record my extreme
Can someone help me understand this? If the whole goal of this $700 Billion bailout is to forestall the failure of big lenders, which * wouldn’t be a problem for the deposits of any but the most ultrawealthy, since those deposits are already federally insured,
Quick! We Must Rush to Give $700 Billion to Rich Corporations Because… the Dow Just Went Down 29 Points?
Help me understand this. Help me understand why we must all be in such a rush to go into $700 Billion more worth of debt so that we can transfer that money to corporations that are already wealthy. Help me understand why this is so
If you were a member of Congress, and you were told you had to pass a bill to spend $700,000,000,000.00 on something, what would you spend it on? Would you designate someone without oversight or accountability to buy $700,000,000,000.00 worth of debts held by already
Section 3 is where these regulatory reforms and enforcement of accountability ought to be included. Yet, there’s not really anything there. Section 3 merely states that the Secretary of the Treasury will “consider” protecting taxpayers from the consequences of Wall Street’s gross ineptitude.
How much is seven hundred billion dollars? Well, pull out your wallet. Now lay however many dollar bills you have in there end to end. If you’re lucky, your stash may reach halfway across your kitchen table. Start at your kitchen table and lay seven