$700 Billion Bailout Fiasco
The BEST way to oppose the fiasco known as the $700 billion bailout:
Vote for Barack Obama.
Obama will cut most taxes but raise them for people making over $250,000 a year.
Those are the people who can most afford it, and surely includes all the fat-cat CEOs, Wall Street brokers, and financial wheeler-dealers who got us into this mess. By taxing the wealthy, at least we will get some of our money back
McCain, on the other hand, promises more war, more bailouts for the wealthy, and a continuation of the failed Bush policies. McCain’s chief financial adviser is Phil Gramm, the architect of the
The Gramm-Leach-Bliley Act that eliminated the oversight of the financial industry in 1996.
McCain has for 20 years called himself “a deregulator.” Well, that didn’t work.
It would be wise NOT to rush into this bailout. We don’t know who benefits. We don’t know if any further regulations will be put in place to prevent a recurrence. And, we don’t know if it will work, or how much it will cost.