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Is the media telling the truth about the dynamic dual Paulson and Bernanke’s bailout? Do they even know the truth? Do our leaders in Congress know the truth? What exactly is President Bush taking a “bold stand” with?
Folks we are facing an historical event. If not handled with the spirit of wisdom it could throw the world into a depression. I’m not exaggerating! Over the weekend private meetings were taken place in Washington to let these two Canaanites come up with a plan to rescue the economy. In my opinion they are not rescuing you and me. Every time I listen to them on television my spirit is grieved. Looking to these men to solve this problem is the same as letting the bank robbers be in charge of the robbery investigation.
Obama is likely to support a bailout but "Fearing a political backlash against Democrats," Roll Call reported, "Senate Majority Leader Harry Reid (D-Nev.) has told the White House that it must serve up support from Republican presidential nominee Sen. John McCain (R-Ariz.) if it hopes to ensure bipartisan backing for a massive economic bailout package by week's end."
Former Republican House Speaker Newt Gingrich hammered the $700 billion financial sector bailout as a "really bad idea."
Gingrich said "Only in this city and on Wall Street does this bailout have any hope, and they may be able to ram it through, but it's very clear to the country at large that this is a dead loser and it's going to be a dead loser in October, and it's going to be a dead loser on Election Day," Gingrich said at a briefing to discuss a poll conducted f or his outfit, American Solutions for Winning the Future, "And [elected officials] are going to go home and say, ‘I didn't have any choice' and people are going to say, ‘Ok, I need to get somebody new who has a choice.
Congress approved the $700 billion banker bailout with a final vote of 263-171 in the House. The voice of the people was ignored. The aristocrats have spoken, “Long live the Canaanites, who cares about the will of the peasantry?”
It’s amazing, the tide of calls that flooded the White House, Senators, Congressmen, and anyone that would listen to the voice of the people begging our leadership to “vote no” to the greedy banker bailout – but the bluebloods refused to listen. To make their bailout plan more palatable to us churls they spun the facts, changed the terminology, ramped up fear and bought the votes needed from the weak and timid.
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