Thursday, October 2, 2008
Dear Senate - What Part Of "NO" Don't You Understand?
Phones rang off the hook with angry constituents - one California Senator said she'd received 91,000 phone calls and 85,000 were people who wanted her to vote "NO" but she was going to vote "YES" anyway.
This, ladies and gentlemen, is not representation.
Here is the roll call vote tally.
Here are the Senators who listened to their constituents and voted "NO" against this Socialist bill, and they deserve to be thanked:
Nelson (FL) (D)
Bi-partisan "non-support" with 15 "R's" and 9 "D's" and 1 "I".
Here is the text of the 451 page "Christmas Tree" bill that was loaded up with all kinds of "ornaments" like:
- An Excise Tax Exemption for Wooden Practice Arrows Used by Children
- Tax breaks benefiting litigants in the 1989 Exxon Valdez oil spill
- A measure to require large companies' health plans to give equal treatment to mental health or addiction if they cover such illnesses.(Mental Health parity legislation)
- $100 billion of tax breaks, including relief for businesses
- Raising FDIC insurance limit to $250,000 (yes, don't we all have $250,000 sitting in the bank that needs to be insured immediately?)
- Renewable energy tax credits
- A fix that would prevent middle-class taxpayers from paying the alternative minimum tax.
- Financial Help for Rural Schools
- Disaster Aid (including mileage allowance changes)
- Tax subsidies for producers of rum in Puerto Rico and the Virgin Islands.
- and other mayhem
Looks like they put a Hershey Kiss in the middle of a really rotten piece of fruit and they want you to eat it all.
I am so glad that these ornaments really address the liquidity issue on Wall Street. (eye roll). It's an abomination, because even with the list of goodies attached, it still means that the Treasury Secretary gets use our taxes to buy up lots of bad paper at his discretion (the very same paper that Wall Street investment companies couldn't make a profit with) with the notion that the federal government will be able to sell them and make a profit (yes, and if you believe that I have a bridge to sell you in Brooklyn). On top of that, foreign banks get bailed out, and the Treasury Secretary can dictate to corporations what they can pay their CEO's. It's essentially the same bad ill conceived bill that the House rejected.
One interesting note regarding foreign banks - the Royal Bank of Scotland gave nearly a quarter of a million dollars to Senator Dodd, who is led the bailout negotiations in the Senate, and RBS is going to be a big gainer with this bailout package. Senator "Countrywide Sweetheart deal recipient" Dodd is an abomination, and should be removed from his position in the Senate immediately. What a disgrace to the people of Connecticut and to the American people.
Let's hope that the House has much more sense and courage to reject this mess. (I'll be calling them again)- it should be noted that both Rep. DeFazio and Rep. Kaptur have an alternative that won't cost the taxpayer a penny and requires no bailout legislation at all! Many top notch economists have also put forth some alternative ideas. Understand the problem at it's root: A credit crunch and housing foreclosure crisis that can be solved with some policy changes. Watch: Let's Play Wall Street Bailout
As far as McCain and Obama's vote - McBama both voted "YES" - now that just goes to show that there really is no difference between the two - and neither of them understand or support free market economics - and neither of them mind corporate bailouts - and neither of them listened to the thousands of citizens of this country who called them to tell them to vote "NO". Obama's phone number yielded me a "full voice mailbox" and McCain's office was unreachable. I am definitely not voting for either of them.
As far as I am concerned McCain just lost the election. He made no "Maverick" move, and instead marched in lockstep with the lobbyists who filled the Senate pushing for this bailout. He did nothing to distinguish himself or stand up for Conservative principles. Now, when Gov. Palin is questioned in the debate about the bailout, what is this "good conservative" supposed to say? That she agrees with corporate welfare and bailing out companies who have screwed the American public and our economy? Yeah, that'll go over like a lead balloon with her base. She can't come out disagreeing with the top of the ticket, now can she? As for Obama and "Change" - yeah right.... same fraud and politics, different day.
One last comment - not only is this bill unacceptable, but they have by-passed all procedures to bring it properly to the floor - there was no hearing - no debate - no time to evaluate it - and should not have originated in the Senate. They are rushing and ramrodding this dressed up pig through Congress with scare tactics and with little regard to the thousands (if not millions) - of citizens who have called Washington to protest. For Shame. This is truly not America anymore, but something very foreign and very unfortunate. The troops fighting abroad should just come home - they are fighting for principles that our government doesn't even abide by anymore.