Boehner: Treasury’s Bailout Package Should Help Only Wall Street, Not Main Street
Boehner: Treasury’s Bailout Package Should Help Only Wall Street, Not Main Street
Congress and the administration are currently in negotiations over a $700 billion legislative package to relieve financial institutions of their bad mortgage-based assets. At issue is to what extent the package should also aid Americans facing foreclosures. “We must insulate Main Street from Wall Street and keep people in their homes by reducing mortgage foreclosures,” said House Speaker Nancy Pelosi (D-CA).
On ABC’s This Week today, House Minority Leader John Boehner (R-OH) rejected relief for Main Street, labeling it simply “partisan politics” and saying that it doesn’t “need to be part of this package”:
DODD: I think there’s going to be a strong interest to deal with the Main Street aspects of this.
BOEHNER: But we’ve already dealt with that, when we passed the housing bill last summer. I didn’t vote for it because of the $300 billion bailout for scam artists, and speculators, and others around the housing industry. But there are a lot of tools in there to help the Federal Housing Administration deal with the foreclosures problems that’s out there. We need to rise above partisan politics…and deal with this as adults.
Boehner suggested giving Treasury Secretary Paulson the “powers as quickly as possible.” “There are a lot of well-meaning, well-intentioned ideas out there, but they don’t need to be part of this package,” he said, referring to assistance for average working families. Watch it:
Boehner needs to wake up if he thinks help for Americans facing foreclosure is unnecessary because of last year’s housing bill. Foreclosure filings last month increased 27 percent compared to the same month a year ago. Homeless advocacy groups are “reporting the most visible rise in homeless encampments in a generation” in part because of rising foreclosures.
Direct relief for the middle-class and Americans struggling to stay in their homes should be a necessary part of the bailout package. Ed Paisely of the Center for American Progress explained:
The legislative package that moves rapidly through Congress to implement Paulson’s new plan should also include expanded unemployment benefits and heating assistance for low-income families, increased food stamps, and assistance for states in providing health coverage to families in need during these difficult times. … It would not be right if the rescue only rescues firms and not families.
President Bush also hinted at opposition to direct help for Main Street in a press conference yesterday, stating, “I think most leaders would understand we need to get this done quickly…the cleaner the better.”
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89 Responses to “Boehner: Treasury’s Bailout Package Should Help Only Wall Street, Not Main Street”
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Keep voting Republican America. Let's just run this damn thing all the way into the ground. And you bigoted Dems that can't support a black man, have you noticed it's the white man that is stealing all your money? But go ahead America cause it's really a no lose for us. McCain is elected and the country is dead, the world marginalizes us and we can start over on the ash heap. Obama is elected and we can start changing things sooner. However, there is something to be said for just killing the country off and get it over with. If you agree with that last statement, then McCain/Palin it is. I will vote for Obama but I find this election pressure-less as I get what I want regardless.
September 21st, 2008 at 12:26 pmWait a minute!
It's our goddamned money!
You rich pigs don't even pay your fair share due to tax loopholes and offshore bank accounts.
It's our tax money, and once again, you are stealing it for more unnecessary corporate welfare.
ENOUGH!
September 21st, 2008 at 12:26 pm"I didn’t vote for it because of the $300 billion bailout for scam artists, and speculators, and others around the housing industry."
Oh, so you mean the scam artists on Wall Street should be bailed out? The ones that got paid millions but aren't held accountable for investing all that money in a speculative fashion? They are deserving of a bail out?
September 21st, 2008 at 12:27 pmBoehner: Treasury’s Bailout Package Should Only Help Wall Street, Not Main Street
- - Of course Boehner, and his tears, are big proponents of trickle down everything.
September 21st, 2008 at 12:27 pmAs I said in a comments section in the H Post. Please read http://calculatedrisk.blogspot.com/2008/09/bailout-proposal.html. Frightening stuff. Just give Paulson a big, blank check and once in a while have someone let Congress know about it or not.
September 21st, 2008 at 12:29 pmThe solution to this giant nightmare was very obvious when it first began to surface last year.
Lower the predatory interest rates back to the introductory interest rates, where people were able to pay their mortgages.
It's a freaking win-win for everyone, and there is no financial meltdown.
How did we get such incompetent morons running the show?
September 21st, 2008 at 12:30 pmIf there is a silver lining to this dark cloud:
September 21st, 2008 at 12:32 pm
McCain's Economy
September 21st, 2008 at 12:32 pmAgain Boner shows the neo-con's ability to help out the rich and f@%k the rest of us. We aren't asking for compassion since we know that would be a waste of time, but what are they going to do when the middle and lower class implode?
September 21st, 2008 at 12:35 pmWho's going to do the dirty work that keeps these jokers in power?
We know these polls have a conservative bias. So, imagine what the real numbers are...
DAILY TRACKERS
Updated 9/19
Gallup
Barack Obama 49% (+1)
John McCain 44% (nc)
Rasmussen
Barack Obama 48% (nc)
John McCain 48% (nc)
Diageo/Hotline
Barack Obama 45% (nc)
John McCain 44% (+2)
DailyKos/Res2000
Barack Obama 49% (nc)
John McCain 42% (-1)
http://3bluedudes.com/?p=565
September 21st, 2008 at 12:36 pmTYPICAL OF EVERY MONARCHIST FASCIST.....CONSOLIDATE POWER AND SCREW THE LITTLE GUY.
I CAN'T WAIT TO FROG MARCH EACH AND EVERY ONE OF THESE RIGHTWING DONUTS OUT OF THIS COUNTRY
September 21st, 2008 at 12:38 pm#6 unbelievable says:
September 21st, 2008 at 12:40 pmHow did we get such incompetent morons running the show?
I'm thinking we have voted these jerks into office over and over again, The american people have not been paying attention cause life was pretty good (drowning in debt is okay) and we were buying lots of "stuff" to medicate ourselves with while our quality of life went down the poophole. Now we need to wake up and take back our government and re-instate our rights! These guys need to go
Obama and Schumer say they want something for homeowners and some accountability but they bend in the wind, so I don’t expect much change. With DINO leaders Pelosi, Hoyer, and Reid afraid of their shadows, and bribed or blackmailed by Bushco and GOP Congressmen following their leaders in lock step, the Administration bailout is likely a done deal. Buccaneer Co's will be bailed, CEO's will get their golden parachutes, shareholders will get some relief and we'll get the shaft; again!
September 21st, 2008 at 12:41 pmIt would not be right if the rescue only rescues firms and not families.
When is the last time we saw government do something "because it is the right thing to do"?
September 21st, 2008 at 12:43 pmThe intellectually and morally bankrupt Republican philosophy of governing is in full view with this crisis.They don't care about the 'little people' like us. Give everything to corporations and the rich and the rest of us sniveling people will be OK. There's another phrase for it...pyramid scheme.
September 21st, 2008 at 12:43 pmNice try troll yourself
Most companies in US avoid federal income taxes
September 21st, 2008 at 12:43 pmWhy won't mccain release his tax records.
via C&L, mike's blog roundup:
The Paulson bailout proposal is a historic swindle. It provides the most help to the financial institutions that made the worst investment decisions, ignores relief to homeowners, and fails to limit CEO compensation. BUSHCO needs to explain why this is supposed to work - not try to steamroll Congress into giving it a blank check. Whatever happens, the crisis marks the death of Republican philosophy. I already contacted my representatives.
for links http://www.crooksandliars.com/
September 21st, 2008 at 12:43 pmIt's pretty telling the Boehner terms helping folks who are facing foreclosure "partisan politics".
Like Obama says, Republicans believe in the ownership society: You're on your own. Partisan indeed.
September 21st, 2008 at 12:45 pmThis is the best source of cumulative information I’ve found yet. A great place to get “educated” on the current happenings.
http://www.counterpunch.org/
September 21st, 2008 at 12:45 pmAmericanPie Says: Who pays 90% of taxes? Poor people? You? No, the very rich do.
Bullsh!t!
The majority of the rich don't pay taxes.
It's YOU who is the troll - another ignorant conservative.
September 21st, 2008 at 12:46 pmThis rush to pass this bailout package is the biggest boondoggle since the Patriot Act, maybe even bigger. It will cede even more power and treasury to the Corporate controlled Administrative Branch of what passes for our government. This will break the back of our already weakened Constitution. We will all be indentured servants of the Corporations that rule the globe. This is a grab for final control of the treasury and all further taxes and spending. It makes me sick to see my country go down in fear.
September 21st, 2008 at 12:47 pmgive one man, not elected the “powers as quickly as possible.”
... it's patriot act all over again...
i can't help but thinking it's all part of the plan, the program...
another power grab... and they're not gonna give it up...
September 21st, 2008 at 12:48 pmI guarantee it would cost much, much less Federal money to help people keep their homes and restructure their mortgages than it is going to take to bail out Wall Street Financial institutions, stockholders and management.
The problem is with directly bailing out people facing foreclosure is from the perspective of politicians the "wrong" people would benefit instead of big campaign contributors and their lobbyists.
September 21st, 2008 at 12:49 pmWhy is it "partisan" to want to help Main Street, but not "partisan" to hand total control of the situation to one of the Republican financial-type people (i.e., no regulations needed at this time) who helped bring this crisis upon us in the first place?
September 21st, 2008 at 12:49 pmAmerican shut your pie hole:
What do you know about Wall Street? As someone who works there, the companies that failed failed because they engaged in dumb, foolish, and arrogant practices and got what they deserved. Are they too big to fail, in AIG there may be some merit in that, but please don't talk about things you clearly do not understand. You only embarrass yourself further. Knowing what goes on in your trailer park does not apply to Wall Street no matter what you may delusionally think.
September 21st, 2008 at 12:50 pmAny truth to the rumor that Boner spends all his time ; In a tanning bed, on crying jags or playing Putt-Putt golf?
September 21st, 2008 at 12:51 pmIf Wall Street gets away with this, it will represent an historic swindle of the American public.
So many trolls, so little time:
September 21st, 2008 at 12:52 pmjuniebird Says:
Give Paulson a blank check.....that's really funny.
A quote from Sarah Palin:
Next, all Republicans will be talking in jibberish like this, because it sure beats what they've been saying all week.
September 21st, 2008 at 12:52 pmIf they are too big to fail, then they should be broken up.
September 21st, 2008 at 12:53 pmThe Tax Policy Center of the Brookings Institution and the Urban Institute's 2006 data clearly shows that the top 40% of income earner's, those whose average income exceeds $62,270 per year receive 80% of pretax income and pay 89% of Federal taxes. That is fair.
If you think the rich pay too much in taxes, then you should trade places with someone making $30,000 per year. My bet is you wouldn't dare!
September 21st, 2008 at 12:56 pmI see the American Piehole Troll is taking a page from the Rove playbook and projecting its own inadequacies onto others.
Much like Republicans trying to call a black man raised by a single mother who only recently finished paying off his student loans as an "elitist", the troll accuses one TP's best commenters of being a "troll".
It is to laugh.
Here's a hint troll; stick with the Rove Playbook. Don't push it and try to adopt the Rove Math Book. It's not very reliable.
September 21st, 2008 at 12:59 pmstewarjt Says: The Tax Policy Center of the Brookings Institution and the Urban Institute’s 2006 data clearly shows that the top 40% of income earner’s, those whose average income exceeds $62,270 per year receive 80% of pretax income and pay 89% of Federal taxes.
Actually pay, or are "supposed to pay based on tax codes"?
September 21st, 2008 at 1:00 pmIf folks who are upside down in their mortgages get bailed out, then somebody motherfarking BETTER pay off my farouking mortgage, too, even if I am not wrong-sided.
I swear, a buddy of mine, a hundred years ago, siad something like: borrow every fuukin dime you can, leverage everything to the max, because when the system crashes, there's not gonna be enough of 'them' to repossess everything "you" got and haven't yet paid for...
seems he was right...
September 21st, 2008 at 1:02 pmThose making the most money should logically pay the most as they are the ones who benefit the most from the system (infrastructure, government, production of workers, etc.).
September 21st, 2008 at 1:02 pmunbelievable Says:
Ralph:
Notice the troll offers no links to backup it's lies and then cowardly slinks off into the dark again.
September 21st, 2008 at 1:02 pmIf American Pee had a home in foreclosure, he'd be first in line with his warty, dried piss-encrusted hand grabbing for all the money he could get.
Nice try.
September 21st, 2008 at 1:04 pmWho are you? You seem to think that peoples loans will be paid off if dems get their way. The fact is that dems just want mortgages reworked in a sensible way, so that people can afford to keep what they bought.
The criminals who sold them the boondoggle loans which are immoral and a few years ago would have been illegal are the ones who should suffer from this. Not Americans trying to buy homes.
September 21st, 2008 at 1:06 pmFred Says: Notice the troll offers no links to backup it’s lies and then cowardly slinks off into the dark again.
Drive-by trolling?
I've run out of conservatives in my personal life to debate too. It's funny how you present a couple of facts to them, and they don't wanna discuss it anymore... I suppose that's how there are even Conseravtives at all - they just avoid reality. Much like a cockroach avoids the light. :)
September 21st, 2008 at 1:08 pmActually pay, or are “supposed to pay based on tax codes”?
September 21st, 2008 at 1:00 pm
there should be a straight-up confiscatory, 85% Federal tax on every dollar of income, or asset acquisition, or any other remuneration OVER $2.5Mil/yr.
Below that, a graduated tax for everyone making more that $20k/yr. Under that, no Fed Income tax. Poor folks get hosed enough with FICA and sales taxes that they cannot save even if they wanted to...
September 21st, 2008 at 1:10 pmI was literally rolling on the floor laughing after Boehner said, "we need to rise above partisan politics." The most hilarious thing I heard on the always-funny Sunday talk shows.
September 21st, 2008 at 1:13 pmtokin librul Says: there should be a straight-up confiscatory, 85% Federal tax on every dollar of income, or asset acquisition, or any other remuneration OVER $2.5Mil/yr.
I keep hearing how the upper tax bracket is paying 90% of the taxes, but based on all other reports of tax loopholes and fraud, I don't see how. Most people reference the IRS tax codes, which are only theoretical numbers, and not actual numbers.
When 66% of corporations aren't paying taxes, the '90%' line just doesn't make sense to me.
September 21st, 2008 at 1:16 pmAnother Bush crack at disaster capitalism. Guess who could get the opportunity to buy back their debt for pennies on the dollar? Private equity firms using commerical mortgage backed security facilities to fund their buyouts.
The Carlyle Group used a $4.6 billion CMBS facility to fund its buyout of ManorCare. Carlyle co-founder David Rubenstein already bragged about buying back debt on the cheap.
Things may get even better for the PEU boys in this regard.
September 21st, 2008 at 1:16 pmAnother GOPigs feeding frenzy at the trough of the US Treasury.
September 21st, 2008 at 1:25 pmI've seen this phenomenon too. One of 'em even picked a fight with me as a pretense (I suspect) for ceasing any discussions. When the occasional fact is on their side, they're all about facts. But when I counter with an avalanche of facts that paint a different picture, then I'm "condescending". Or even "elitist".
Pretty sad.
September 21st, 2008 at 1:26 pmOh dear, oh dear, the sky is falling, the sky is falling.
Oh dear, oh dear, the stock market is falling, the stock market is falling…
The latest gift of $700 Billion dollars to the ruling class, the so-called "bailout" - the $700 Billion dollar one -is just a massive theft from the poor and the middle classes to our ever-greedy ruling class. We need to demand a return to stiff and comprehensive regulations of our financial markets, first. Second, we need to demand that all these greedy incompetent CEOs be fired immediately without any "golden parachutes." This bailout/gift should be paid for by a special surcharge on the incomes of the wealthy top two percent, since they are largely benefiting from it.
This whole show is rigged by the Bush & Co. gangsters. Just more fear-mongering by the Bush corporate crime family. The financial system is not collapsing, just because some of the bigger greedier financials got hoisted on their own petards. We should also demand that bank credit card and rates and bank mortgage interest rates be cut in half before any bailout of the top players... The Bush gangsters just want to hogtie Obama for 2009...
September 21st, 2008 at 1:27 pmCongress abdicated their sole authority to declare war to the unitary executive Bush
September 21st, 2008 at 1:28 pmNow they're on the verge of abdicating their control over the Government's purse strings to the decider guy.
AmericanPie Says:
Something incredibly stupid. Pretty much definitive of everything I have ever read in any post you have ever made. The VERY RICH pay 90% of taxes???? What is the color of the sky on Planet Wingnut anyway? You DO know you are a moron dont you?
September 21st, 2008 at 1:29 pmSleep with your pants on....
&
Keep your Powder dry.....
We ain't seen nothing yet.....
Bush can and will declare Marshal Law...
It's in the Patriot Act
September 21st, 2008 at 1:32 pm&
That's a fact!
No deals!
Pump up the FDIC and protect the American people.
This is just pi$$ing away $700 billion.
Let the "invisible hand of the free market" do it's job.
Why have the Republicans all turned into commie pinkos?
Hands off free markets!
September 21st, 2008 at 1:37 pmTypical repugnican viewpoint from Boehner.
September 21st, 2008 at 1:41 pmScrew the little guy, and keep the fat friends of mine happy and giving me presents.
Why do Americans continue to vote for those who are so opposed to the best interests of them? They buy into their propaganda, vote against the ones who would actually help them out.
McCain is planning a big push against the "uppity" Obama. (Allen: Politico) They know their typical line on the economy is going to finally ring a little hollow now, so they are going to place more money on the race card in the game.
"different" "elite" "uppity" -- whatever it takes to convey the subliminal if not outright message that Obama is scary and will augur a muslim/black takeover of their rightfully/christian white America.
They are and always have been the commie pinko's.
Pay no taxes and get subsidies
Government bailout when you screw it up badly.
American taxpayer pays huge amounts in corporate welfare.
Actual American citizens....bootstraps for them.
September 21st, 2008 at 1:43 pmRepublicansHateFacts disappears;
EugeneDebs appears with similar style:
Coincidence ??
¶ AIO
September 21st, 2008 at 1:49 pmFred
Did ya'read the whole post? And the link? It's not funny, more like frightening...
September 21st, 2008 at 1:49 pmWall Street financed its own demise buying the "ownership society" mortgages. A one-sided rescue rewards the snake-oil salesman and punishes the swindled consumer and taxpayers. And that's so typically Republican...
September 21st, 2008 at 1:52 pmDo we have similar styles? Aw shucks I always thought I was a true American Original. I never have posted as any other nick on this website if that is what you want to know
September 21st, 2008 at 1:54 pmThat is not fair, What about the risk lenders are to taking to make those loans? They aren't in it for nothing!
September 21st, 2008 at 1:55 pmNaomi Klein (Shock Doctrine) was on Bill Maher the other night. Her theory gains even more credibility in recent weeks. Larissa Alexandrovna, investigative reporter, seems to agree.
When the people are shocked (war, catastrophe, economic failure) the neocons take advantage and fast-track their takeover plans. The only ones who benefit are the wealthy and the connected.
September 21st, 2008 at 1:55 pmAs I recall, Obama started warning about this more than two years ago and called for change and regulation.
September 21st, 2008 at 1:56 pmDidHeJustSayThat Says:
That is not fair, What about the risk lenders are to taking to make those loans? They aren’t in it for nothing!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
What risk? Didnt we bail out the S&L's arent we bailing THESE guys out? The dirty little secret about our economy is we have always had socialism for the rich and risks are always socialized when talking about big business. Do you really think they would have continued to buy these obviously risky loans in bulk if they thought there was any risk involved? Risks and costs are socialized at the same time profits are privitized THAT is the problem
September 21st, 2008 at 2:10 pmWhen will the Free Marketers learn that unregulated free markets do not work? At least, they don't work as an economic model for an entire country. A few people will benefit, mostly those with a lot of money already. But without regulations, the people get cheated by the greedy ones with no conscience, aided by their friends in Washington, the Republicans with no conscience.
September 21st, 2008 at 2:13 pmThe World Banking System
&
The Private Federal Reserve
are one big PONZI scheme
that must collapse every so often.....
Then these Banking Families start the
whole thing all over again...
In Europe, United States, and now China
"Free Markets" are just pretend words.
"Free Markets" they don't exist; the world wide Money
System is Controlled by a select few Ruling Families.
Always has been and Always will be.
JFK tried dismantling the Private Federal Reserve
September 21st, 2008 at 2:15 pmand look what happened to him!
John F. Kennedy was the next brave man to take on the Federal Reserve. On June 4, 1963, President Kennedy signed a Presidential Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today. No president since has had the courage to invoke it for it would mean their demise. The US government is a front for the real controllers; the central bankers.
September 21st, 2008 at 2:17 pmOur government will effectively nationalize a segment of financial products and guarantee their product liability.
For the unaware, Bush wiped his wand with pharmaceuctical liability under the FDA. People can't sue for harm inflicted by medications if the warning is on the product label. However, he didn't nationalize heparin production when that drug turned deadly (due to Chinese substitutions).
Where else is Bush directly aiding businesses?
September 21st, 2008 at 2:18 pmTHE TEN MEMBER BANKS OF THE FEDERAL RESERVE
All owned by the Rothschilds
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
Now ask a question - Where is the Federal Government of the United States listed and how much does it get? I will answer it for you, it is not listed because the Federal Reserve is private and it receives nothing.
September 21st, 2008 at 2:20 pmWAKE UP PEOPLE!!! WAKE UP!!! THE FEDERAL RESERVE IS ILLEGAL AND OUR IMPOTENT CONGRESS REFUSES TO DO WHAT IS RIGHT AND ABOLISH THE FED. THEY WOULD RATHER ALLOW US TO REMAIN IN BONDAGE FOREVER. DEMOCRATS AND REPUBLICANS ARE BOTH USELESS ENTITIES BECAUSE THEY ARE BOTH BOUGHT AND PAID FOR BY THE BANKERS.
The Boehner has only one use...screwing the public.
September 21st, 2008 at 2:30 pmAnd one of the Rothschilds called Obama "arrogant" this week!
September 21st, 2008 at 2:31 pmMarie,
September 21st, 2008 at 2:34 pmThis certainly appears to be a massive power grab. All that money in the hand's of Paulson with no oversight.
Boehner: Treasury’s Bailout Package Should Only Help Wall Street, Not Main Street
Thess people do indeed hate main street = We the People.
September 21st, 2008 at 2:37 pmYa vol mein boner!!
To paraphrase Trick Dick, "If it weren't for the goddamn people, government would be very effective".
September 21st, 2008 at 2:40 pmTreasury Secretary Henry Paulson said Sunday that the nation's credit markets remain frozen and Congress must move quickly to pass a $700 billion bailout package for financial firms. But key Democrats said the legislation needs changes to provide better protections for taxpayers and homeowners in danger of losing their homes."The credit markets are still very fragile right now and frozen," Paulson said in an interview on NBC's Meet the Press. "We need to deal with this and deal with it quickly."
Henry M. Paulson
AKA Henry Merrit Paulson, Jr.
Born: 28-Mar-1946
Birthplace: Palm Beach, FL
Gender: Male
Religion: Christian Science
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Business, Government
Party Affiliation: Republican
Nationality: United States
Executive summary: US Secretary of the Treasury
"Mr. Paulson is very much of an alpha male: he will challenge colleagues to wrestling matches and once halted a game of paddle tennis to vomit before resuming play and winning the match." The New York Times, 2-Jun-2006.
Wife: Wendy (one son, one daughter)
Son: Henry M. Paulson III
Daughter: Amanda Clark
High School: Barrington High School, Barrington, IL (1964)
University: AB English, Dartmouth College (1968)
University: MBA, Harvard Business School (1970)
US Secretary of the Treasury (10-Jul-2006 to present)
Goldman Sachs CEO (1999-2006)
Goldman Sachs President and COO (1994-98)
Goldman Sachs Investment Banking Executive (1983-94)
Goldman Sachs (1974-2006, as Partner, 1982-2006)
Member of the Board of Goldman Sachs (as Chairman, 1999-2006)
Bilderberg Group
Bill Bradley for President
Bush-Cheney '04
Bush-Quayle '92
Friends of Roy Blunt
McCain 2000
McCain for Senate '98
Millennium Challenge Corporation Board of Directors
National Republican Congressional Committee
National Republican Senatorial Committee
The Nature Conservancy Chairman (-2006)
Volunteer PAC
Phi Beta Kappa Society
Bush Pioneer 2004
VIA NNDB
September 21st, 2008 at 2:41 pmhttp://www.nndb.com/people/788/000117437/
It appears the dems will eventually fold, so next year, liberals should push for a lifting of the cap on Social Security payroll deductions. Make them contribute a portion of every golden parachute buck back into the trust fund - and listen to 'em squeal about socialism!
September 21st, 2008 at 3:04 pmOK.... it is time for socialism for EVERYONE, not just BIG BUSINESS.
I don't EVER want to hear a GOP pig squeal ever again about "Well, that is socialist!" when it seems that they're all for it so long as it is the taxpayer bailing out big businesses ran by incompetent and irresponsible "free market" capitalists.
September 21st, 2008 at 3:12 pmHow come these Wall Street Guys Never get Kidnapped, Whacked,
or Even Beat up?
Or am I speaking to soon?
September 21st, 2008 at 3:44 pmFirst of all, let's get this straight.
His name is bOner, w/ a long "o". John bOner.
September 21st, 2008 at 3:56 pmI want to thank our leaders for protecting us from the demonic Jews. Give yourself a raise.
September 21st, 2008 at 4:04 pmAns so, every American politician handed his butt and soul to the Jews. And a follower of Jesus asked, "Shall we crucify them, our Lord?"
September 21st, 2008 at 4:31 pmhttp://www.thepersonalispolitical.com/ This whole site was spot on today!!! Wealth of info here...please watch the video about McCain, in his own words. And send it anywhere and everywhere!!!!! ENOUGH!!
September 21st, 2008 at 4:40 pmI take offense at your blatant racism.
Having no respect for Israel's government and it's actions does not equate to hating all Jews.
The pnac and other lobbyist for the Israeli government are definatly part of our problem but you can't blame a race for it. There are Jews who are against what is being done on thier behalf.
Your posts are not only racist but they are also counter productive to any progressive idea that you might think you unerstand.
September 21st, 2008 at 5:06 pmJust how IN YOUR FACE with their ARROGANCE do the Bush admin and all his cronies have to be before the American people wake up and smell the coffee?
This type of arrogance is only possible when you believe there will be no repercussions!
September 21st, 2008 at 6:19 pmI have heard this bogus argument before, they dont pay 90% of all taxes. The top 1 percent of taxpayers (AGI over $364,657) earned approximately 21.2 percent of the nation's income (as defined by AGI), yet paid 39.4 percent of all federal income taxes.
They dont pay 60% of all federal income taxes.
And I doubt you make over 364k a year American Pie. Your whole argument hers is just silly as you dont seem to understand taxes or the economy.
September 21st, 2008 at 6:50 pmThe fact that American Pie is saying this bailout should go through because 'Rich people pay 90% of the tax' is beyond illogical.
The 1% surely didnt create the whole banking/investment/subprime/credit mess, some may have, but even then its unfair to stick them with the irresponsibility of Wall Street. Bailing out bad behavior isnt the solution to the problem, if anything it makes the problem worse as they have learned that government will bail them out save the financial system. Its rewarding corruption and it reeks of socialism, it also has destroyed whatever free market their was.
Look at all the Wall Street employees that lost jobs. Are they being bailed out? No.
As for American Pie, the American dollar is the American peoples dollar and they have every reason to be concerned.
Besides I thought Republicans were for Fiscal responsibility? For transparency? For smaller government? Less spending.
But that all gets tossed out the window when they start cheerleading for their 'Team' Government and political parties arent a athletic event, it is isnt a spectator sport. It our elected, and in this case, non-elected servants running amok in your house.
September 21st, 2008 at 7:01 pmAs the Democratic Party's presidential candidate, Barack Obama needs to present his alternative bail-out plan tomorrow.
He needs to tell the Democratic leadership in Congress what he, as our next president, requires on the first day in office, not what the lame-duck, criminal Republican President Bush wants.
We already know that Bush's plan will bail-out the few at the expense of the rest of us, with no guarantees put in place (regulations) that might just stop this from happening again.
So, Barack Obama, if he doesn't want to be handed a pig in the poke after being inaugurated in January, needs to make quite clear what specific "Main Street" provisions MUST be in any bail-out bill up for consideration.
Furthermore, by offering his own bail-out proposal tomorrow, Barack Obama would be showing that he isn't "just another George W. Bush." Which would make John McCain highly uncomfortable especially if McCain doesn't offer his own bail-out proposal tomorrow, showing that McCain IS "just another George W. Bush."
Barack Obama isn't just running against McCain and the corrupt Republican machine, he's running against the last eight years of the most corrupt and criminal administration in American history, the Bush/Cheney administration.
By offering his own "Main Street" bail-out proposal, Barack Obama can take the initiative away from the criminal Republicans while painting McCain and Palin as into a corner, along with all the other criminal Republicans who've done so much damage to our democracy.
September 21st, 2008 at 7:02 pmThe PIE says the wealthy pay 90% of all taxes.
The top 1% paid $368,132 million in 2007 [AIG 364k and above]
The top 50% paid $906,028 million in 2007 [AIG 30k and above]
The Bottom 50% paid 28,675 million in 2007 [AIG 30k and below]
Pies, who likely got their figure from some pundit, assumes that because the wealthy paid 90% of taxes and that everyone else should not worry. I have shown how demonstrably false his argument is. The top 50% paid 90% of all taxes and many of them make just over 30k a year. You dont have to be wealthy to speak your mind on this legislation.
September 21st, 2008 at 7:46 pmThis is blatant, in your face Fascism, and nothing more. Democrats will do their best to give the illusion of "helping main street", but it will be a few crumbs. Bush, the Neocons (left and right), and the Zionists next chapter in the destruction of the middle class, and ultimately America. Manufacturing could have been the fall back if these criminal banks folded, but that is gone. There is nothing left but the backs of everyday people, whose 401Ks have evaporated, and no one has been saving because of rising prices and inflation. Of course, we will see no profits but plenty of risk. Add to that war with Iraq, Iran, Syria, Afghanistan, Pakistan, North Korea, Nigeria, Russia, and China, and this empire lasted a bit less than Rome, Phoenicia, Ancient Egypt, England, and Nazi Germany.
All I can say is this: Pt your money in metals ASAP, store up food and protection, don't be afraid to work pumping gas, picking up garbage, driving a mail courier truck, digging ditches, waitressing, and taking care of sick. Especially if you had a good paying job and now it is gone. Lower your expenses drastically. Pay your debts ASAP. Don't take SSRIs and overindulge in drugs and alcohol.
http://www.babynmum.com/free-articles/baby.php?q=Economics
September 21st, 2008 at 8:40 pmIt’s the[...] corporations -American Pie
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Did anyone bother to point out that the revenue collected thru corporate income taxes has been going down steadily for years?
September 21st, 2008 at 9:19 pmNow where are those damn WMDs again?
September 21st, 2008 at 10:23 pmquestioneverything Says:
Now where are those damn WMDs again?
They are in Wall Street, the Pentagon, The White House, Congress, and the Senate.
September 21st, 2008 at 10:38 pmBoner must drink to excess.
September 22nd, 2008 at 12:06 amThe United States Government is capitalizing on a comprehensional failure of the human mind – the inability to fully grasp the magnitude of large numbers. Upon hearing numbers beyond a few thousand our brains interpret it as, “Wow, that’s a big number!” with no tangible image to relay exactly how big. So, let’s start with a One Dollar Bill. We can understand $1.00, right?
According to the United States treasury, a One Dollar Bill has a thickness of 0.0043 inches. One thousand One Dollar Bills would be one thousand times thicker -- 4.3 inches.
One million is one thousand thousands, so the thickness of $1,000,000 is 4300 inches. Converting to feet and this becomes 358.3 feet, an American football field.
One billion -- $1,000,000,000 is one thousand times thicker still or 358,333.3 feet. This is 67.866 miles, the driving distance from New York City to Milford CT.
One Trillion is one thousand billions – one trillion One Dollar Bills stacked one on top of another is 67,866 miles. This would circumnavigate the globe 2.73 times.
The proposed 700 Billion Dollar bailout alone would be a stack of One Dollar Bills stretching 47,506.2 miles, or 1.90 times around the globe.
A stack of One Dollar Bills totaling the current national debt cap of 10.6 trillion dollars would go around the equator 28.93 times. The proposed cap of 11.3 trillion dollars would go around 30.85 times.
Is creating a debt that is the equivalent of a stack of One Dollar Bills rounding planet 31 times a responsible act?
September 22nd, 2008 at 12:24 am