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Get busy folks. The time for talk is over. It's time to do something constructive for real change!

Republican Rudy Giuliani Racing to Cash In On Bail Out

The House hasn't approved the Senate's new and reviesed Bail Out Plan (now marketed as a "rescue" plan). But Rudy Guiliani's is on the fast track to profit on this Wall Street Bail Out. Another way for this corrupt Congress to make the few richer at the taxpayer's expense.

It is time for the taxpayer's to revolt? HOpefully, the House will refuse to Sell Out America....unlike Congress.

WHO SHOULD PAY FOR THE WALL STREET BAILOUT?

This is the important question that is the elephant in the room. Our Senators and Representatives studiously avoid. "They" talk about limits on executive compensation, the need to strengthen regulations (but not in this bill where it belongs unless it's just spin to placate the people) and they even talk about protecting the taxpayer. If "they" were serious about "protecting" the American taxpayer they would not bailout out the rich white people who never want to grow up and face the consequences of their actions....our leaders would listen to us and not put the burdens of the rich upon the middle class and poor in this country.

This is the ultimate lipstick on a pig.

They refuse to work with the INDEPENDENT Senator from Vermont--Bernie Sanders---which proposes placing the burden on the people who have profitted from the Bush economic plan. Sanders proposed taxing the wealthy elite for a limited five year time period....If you are single and make over 500k a year then you will pay a 10% surcharge for five years, and couples making over 1 million a year would also pay a 10% surcharge for five years. It's about time the wealthy elite took some responsibility. This plan would bring 300 billion dollars to the table and reduce the cost to the taxpayer by 50%.

Why does Wall Street business get to do business with no sales tax? Wall street wants a handout so they should help pay for it with a sales tax. This is the only fair thing to do; this is the perfect time to put a sales tax on Wall Street.

Why is Wall Street setting the terms for it's own bailout? Wall Street thinks it should set the terms and conditions for the government bail out? This takes arrogance to new heights. It looks like Wall Street OWNS our Congress.

If "our" government is going to act on this matter then the costs of this should be placed on the people who have benefited from the crisis they created; the wealthy are also actually able to foot this bill handily. The rich have become very rich (at the taxpayers expense) under the Bush administration. Funny, I don't hear any Democrats or Republicans bringing up how the middle and lower class have lost ground under the Bush administration.

IF Congress were doing it's job and representing the American people instead of the corporations. They would insist that the wealthy taxpayers and Wall Street pay for this bailout by having the necessary taxes be a part of the bail out bill. They would insist that the government not get stuck with worthless junk. The people deserve real assets and a fair ownership interest. Our nation has many problems that need to be addressed. The nation should make money off of any Wall Street deal so this can be used to fix our infrastructure, solve our energy problem, and create new jobs so that working people will have the boots and bootstraps that we know how to put to good use.

So why is the Democratic party going along with the Bush plan and making their constituents pay for this mess against our will? The people are speaking out loudly and clearly. It looks like Congress has sold us out to the elite corporate interests.

I don't care what party the Senator or Representative belongs to if you vote for a Wall Street Bailout that rewards the culprits and lays the brunt of the burden on the "taxpayer" you should be thrown out.

The American people are speaking out loud and clear. It's time to throw out the members of Congress who refuse to listen.

BailOut Handout to Wall Street Flawed and Will NOT Work

Then what?

According to David Sirota:

Harvard's Ken Rogoff, a Former Federal Rerserve and IMF official, insists that the prospect of this bailout is, unto itself, taking a manageable problem and making it into a more intense crisis. He says that credit is frozen primarily because banks want to avoid dealing with other banks that might drive a hard bargain, and instead would rather wait for free money from the government. Without the prospect of that free money, Rogoff suggests that credit would probably begin moving again, if slowly.

Check out the Top Five [Economic] Reasons this Bailout won't work.

Time for Senator Jim Webb to Fight for "Economic Fairness"

It looks like Wall Street will have to be bailed out. But who should be stuck with the bill? The Republican Party wants to make the working class people pay. How about some real change that insures economic fairness? Why don't the folks with golden parachutes, and the folks who have flourished under the Bush/Cheney Republican economic polices step up and agree to bear the burden for a refreshing change?

It's time for the Democrats to show us now why they deserve our vote in November. Barack Obama should be leading the way and telling Senator Harry Reid and Representative Nancy Pelosi to stop the Republican Bush push to force legislation through our Congress that will grant a Bush appointee--Paulson--unlimited powers and too much money and no oversight. This is the same recipe for disaster that got us into this mess. It's time to say ENOUGH to George Bush and his Republican Party. It has just become too outrageous.

Independent Senator Bernie Sanders proposes the following alternative:

Specifically, to pay for the bailout, which is estimated to cost up to $1 trillion, the government should:

a) Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers. That would raise more than $300 billion in revenue;

b) Ensure that assets purchased from banks are realistically discounted so companies are not rewarded for their risky behavior and taxpayers can recover the amount they paid for them; and

c) Require that taxpayers receive equity stakes in the bailed-out companies so that the assumption of risk is rewarded when companies’ stock goes up.

(2) There must be a major economic recovery package which puts Americans to work at decent wages. Among many other areas, we can create millions of jobs rebuilding our crumbling infrastructure and moving our country from fossil fuels to energy efficiency and sustainable energy. Further, we must protect working families from the difficult times they are experiencing. We must ensure that every child has health insurance and that every American has access to quality health and dental care, that families can send their children to college, that seniors are not allowed to go without heat in the winter, and that no American goes to bed hungry.

(3) Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999. That means re-regulating the energy markets so that we never again see the rampant speculation in oil that helped drive up prices. That means regulating or abolishing various financial instruments that have created the enormous shadow banking system that is at the heart of the collapse of AIG and the financial services meltdown.

(4) We must end the danger posed by companies that are “too big too fail,” that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up. Right now, for example, the Bank of America, the nation’s largest depository institution, has absorbed Countrywide, the nation’s largest mortgage lender, and Merrill Lynch, the nation’s largest brokerage house. We should not be trying to solve the current financial crisis by creating even larger, more powerful institutions. Their failure could cause even more harm to the entire economy. Link For More Info

The Democratic Party needs to protect middle income working Americans from being victimized by this mess that happened in spite of "our" best efforts. Our Democratic Senator Jim Webb ran on a platform of "economic fairness" and he was "born fighting" so he promised to fight for us.

It's time for Jim Webb to "honor" that promise. Our Senator has done a great job of positioning himself as a leader in the Senate. Jim Webb needs to reach across his own party, join with Senator Bernie Sanders, and work his magic to insure that the people who can afford to pay bear this cost.

We need to open our eyes and see if the Democratic Party is going to protect vulnerable Americans or are they going to sell out to the corporate lobbyists. I'm an Independent and I'm praying that Barack Obama, Jim Webb, and the Democratic Party will show me that they will represent the interests of the American people. Then they will be worthy of my vote.