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