no on the bulti-billion-bank-bailout-bonanzaâ„¢
It’s still a shit sandwich, and as your mother told you, we should not eat shit sandwiches.
Call your Congressman and let his office know you’ll vote for his or her opponent if he or she votes “yes”. If enough people do it, the bill fails. If not, it passes, we let Paulson (former CEO Goldman Sachs) throw $700B at the wrong problem, and find that amazingly enough, it WON’T WORK. The market is the only thing that can fix this - please ask yourself this; when was the last time Congress acted in haste (or indeed at all) and you said to yourself “thank God they acted, I’m sure everything will be alright now”.
NEVER - they got us into this, with their hands in the Fannie and Freddie cookie jars and their ludicrous insistence that lenders loan money to uncreditworthy borrowers. You seriously think these isiots are going to get us out of it? Think again.
The names and numbers are all here, although the website seems pretty busy, and calling the switchboard? Not so much.
Do it.
UPDATE: 11:05am CST - Todd Akin, Missouri 2nd District is a definite NO.
Please post any updates in comments.
Lord Bitememan says:
I couldn’t disagree more. That 800 point drop should be enough to convince doubters. At any rate, the first two democrats in my voting history have been produced over this affair, one to reward a yes vote, one to punish a no vote. McCain-Palin all the way, but no way to economic suicide.
Martin says:
Economic suicide is socialism, which is what this half-assed ‘plan’ represents.
You like your 401(k) more than your liberty? Go right ahead.
Lord Bitememan says:
I stake my ground on this with the president. Under normal circumstances you let them fail. These aren’t normal circumstances. For decades the banks have been pressured by government to give these high risk loans in the name of social engineering. This is just government paying for decades of practiced they coerced the private sector into.
Moreover, want to see just how bad the “socialism” aspect can get? Sink the economy on these petty issues of “principle” and not only will we lose the presidential election, but we will lose enough seats in congress to give Obama a filibuster-proof majority! You haven’t even begun to see socialism till you see that. And, since economic growth and contraction tend to occur in cycles, we will head into 2012 with an economy likely on the rebound, and Obama and the filibuster-proof Democrats getting the credit for it with the help of a compliant media. Sure, tank the economy on principle, and guarantee that our party becomes a permanent minority party in our lifetimes.