Though it fits with the Republican strategy of only having government spend money on things that fail in every respect besides lining the pockets of the wealthy, while Democrats equivocate but then hurry to indulge the kleptocrats.
the Nation; Paulson Bailout Plan a Historic Swindle by William Greider:
If Wall Street gets away with this, it will represent an historic swindle of the American public--all sugar for the villains, lasting pain and damage for the victims. My advice to Washington politicians: Stop, take a deep breath and examine what you are being told to do by so-called "responsible opinion." If this deal succeeds, I predict it will become a transforming event in American politics--exposing the deep deformities in our democracy and launching a tidal wave of righteous anger and popular rebellion. As I have been saying for several months, this crisis has the potential to bring down one or both political parties, take your choice.
Dailykos : ACTION REQUIRED: Executive Power Grab in Banking Bail Out Bill by Larry Madill
...I have been totally in favor of a bail out rescue plan for our financial markets. I've said and will continue to say that it is a necessary evil to keep the U.S. from collapsing into a Second Depression. ...BUT, as NPR's Adam Davidson points out in his new Planet Money Blog, this bill also appears to constitute the greatest transfer of political power from the Congressional to the Executives Branches ... Possibly ever.
Atrios: What To Do
Obviously the administration proposal, whatever the need for some sort of government intervention, is basically insane and no lawmakers should support it. The question is how do we do anything about it? Social Security was an easier battle because it was about making it radioactive for lawmakers to do anything but say "Hell no." This is a bit trickier.
Huffingtonpost THROW Them Out Don't Bail Them Out Dave Johnson
I say THROW the system out and start building one that WORKS for US, don't bail the failed, corrupt system out. A bailout just keeps in place a bad system that has bankrupted all of us in order to enrich a very, very few.
Mediachannel's Danny Schecter: Our Financial 9/11: Can They Save the System?
If you think you can trust this Administration to solve this crisis when it has created so many others, think again. Unfortunately neither political party seems to have a clear take on what is happening or any plan to solve it.
So strap in, we are in for volatile rollercoaster ride.
These are just the tip of the iceberg. When we were sliding into the Iraq disaster, millions of people KNEW it was based on bogus information and was a horrible idea. The Dems in congress didn't listen. Don't let that happen again. Call them and tell them.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
