Take back the voice of the people!

What people might be waking up to is the fact that no matter what the taxpayer is going to be hurt in all of this. So, why bailout the companies that created the mess with money that can be used to better the society that our administration forgot about for the past eight years. If we don't spend the $700B and stop spending on the war that would keep $820B into our country's economy over the next year. I think a lot could be done to make this country get back on track again with some of that.

I'm sure, if there is going to be any money flowing anywhere, there could be a plan that involves the taxpayer and not the corporations. The taxpayers are those that the corporations screwed over, or those that due to the recklessness of the corporations have since lost their homes or jobs, or those that have be schemed out of their homes due to fraudulent lending practices. The corps will write down their losses as a business expense and have to deal with their own recovery. That is what running a business is about. Some will close their doors. Many already have.

But, the taxpayer has already forked out about $200B for earlier issues this year, despite what is being spent on the war. We finally found the balls to say, "Enough is enough!"

It will be difficult. It will take some time. But, we will not be getting screwed by Bush again. He can take the money that he has embezzled thus far to his offshore havens and leave. It's time for an Obamanation!

This refusal to fork over the coin will be better for the country in the long run. The people have found that their voices were heard by their congresspersons. The calls and letters have created change. The people did not see Washington, the Bush team, and the corporations get away scott free again.


Let's look at some U.S. government interventions and bailouts in the past century:

1932 — The Hoover administration creates the Reconstruction Finance Corp. to facilitate economic activity by lending money. (the President with the worst economic policies prior to Bush - Republican)

1933 — The Roosevelt administration creates the Home Owners' Loan Corp. to buy $3 billion in bad mortgages from banks and refinance them to homeowners to stem a rise in foreclosures. The government makes a small profit. (Roosevelt makes this a profitable venture! - Democrat)

1971 — Congress saves Lockheed Aircraft Corp., the nation's biggest defense contractor, from bankruptcy by guaranteeing the repayment of $250 million in bank loans. (Of course this company must be saved due to its the nations biggest defense contractor...Nixon took gold off as the standard and marked the dollar as the dominant global currency - Republican)

1979 — Congress and the Carter administration arrange for $1.2 billion in subsidized loans to bail out automaker Chrysler Corp., then the nation's 10th-largest company. There was no significant cost to the government in the end since the loans were repaid. (Good play Carter! - Democrat)

1984 — Congress effectively takes over the ailing Continental Illinois National Bank and Trust, which failed with $40 billion of assets. The Federal Deposit Insurance Corp. injects $4.5 billion to buy bad loans.
(Reagan fell asleep at the meeting...Republican)

1989 — Congress establishes the Resolution Trust Corp. to take over bad assets and make depositors whole. Resolving the S&L crisis takes six years and $125 billion in taxpayer money — roughly equal to $200 billion in today's dollars. (Brother Bush family fuck up - George Bush I - Republican)

1998 — The government brokers a $3.6 billion private bailout in the collapse of the Long-Term Capital Management hedge fund. Done through the Federal Reserve Bank of New York. (Republicans created the Monica Lewinski scandal to take eyes away from this collapse. Clinton handled this without government money! - Democrat)

2001 — Congress authorizes $5 billion in cash after the Sept. 11 terror attacks to help shore up the airline industry and follows up with $10 billion in loan guarantees. This has failed as most of those that received any funds are either now defunct or will be shortly. (the first of numerous bailouts by Bush. Much of the following history will find its paper trail leading to large quantities of embezzled funds through numerous agencies and administration persons. George Bush II, Republican)

2008:

March 16 — The Federal Reserve agrees to guarantee $29 billion of Bear Stearns' assets in connection with the government-sponsored sale of the investment bank to JPMorgan Chase & Co. Chase was not held liable for any future debts in association to this takeover. (George Bush II, Republican)


July 11 — Federal regulators seize IndyMac Bank's assets after the mortgage lender succumbs to the pressures of tighter credit, falling home prices and rising foreclosures. The Federal Deposit Insurance Corp. says it will cost about $8.9 billion out of its $53 billion insurance fund. ( Costing nearly 20% of the entire FDIC balance sheet - George Bush II, Republican)

Sept. 7 — The Treasury Department seizes teetering mortgage finance institutions Fannie Mae and Freddie Mac, temporarily putting them in a government conservatorship with plans to inject up to $100 billion into each. (creating the largest socialist run real estate organization for the United States Government. Feddie Mae! George Bush II, Republican)

Sept. 16 — The government announces an $85 billion emergency loan to rescue American International Group Inc., a major insurance company, in return for a 79.9 percent stake. (creating the largest Socialist run insurance firm for the United States Government - George Bush II, Republican)


Sept. 19 — The Bush administration proposes a plan to let the government buy $700 billion of bad mortgages and other forms of toxic debt that have been weighing down U.S. financial companies. Government officials and lawmakers were still scrambling to put a deal together a week later. (Geroge Bush II, Republican)

Sept. 25 — The Federal Desposit Insurance Corp. seizes Washington Mutual Inc. — the largest bank to fail by far in the U.S. — and sells the deposits and banking assets to JPMorgan Chase & Co. for $1.9 billion. (George Bush II, Republican)

Sept. 29 — The Congress walks away from bailout due to pressure from the voice of the people. The fraudulent lending practices, the manipulation of credit and loans leaves a bad taste to the people and they speak out. The corporations will not be bailed out by taxpayer dollars! The people take back their country! (Democrat decision due to non bipartisanship)