The media for the past few days has been crying foul and running rampant over the news that Wall Street CEOs were given something to the extent of 18.4 Billion dollars, which is contended to be tax payers money due to the bailout passed last year. President Obama has gone so far as to call "shameful". Strong words from someone who voted to give them the money.
Here's the thing. Congress voted against what America wanted. I watched C-SPAN during the debate on this issue and time and time again, Representatives and Senators came up and said something to the extent of "I know most of my constitutents don't want this bill, but I feel as though it is in the best interests of the country, so I'm voting for it anyway." Essentially, that 700 billion bailout bill was something Americans, by and large, did not want. We didn't understand it, we didn't like what we heard about it, and in the end, we told our elected representatives to vote against it. And they didn't. Thanks.
Flash forward to the news about the bailout money being blown. Suddenly, Congress is outraged! Suddenly, Congress has decided something it knew would happen happened. Sen. Claire McCatskill, D-MO, went so far as to say bonuses should have been banned in the original bill, as she was wailing against it.
The nerve of the Congress is that they are pointing the blame on Wall Street. Yes. A bill which Americans, by and large didn't want, goes all screwy and suddenly it's not your fault, it's Wall Street's fault for doing business how they do business. Lets be fair too. Wall Street did show restraint. But you wouldn't know it from how crazy go nuts Sen. McCatskill went or how disappointed sounding President Obama sounded. Wall Street cut down their bonuses by over 44% from 2007 to 2008. Which is ironic, because Mayor Bloomberg of New York City contends that is part of the reason there is such a huge gap in the city's budget for this year. Because there is ove 20 billion less in the economy this year than last year.
So in short, stop giving the GOP such shit for not voting for this even more insane bailout bill. I've started reading it. It's crazy. There are lots of zeros. And unless my taxes get cut in half, you can take your billion dollar advanced battery research and $600,000,000 global climate study and shove it (seriously. We determined it's happening. What more do you want? Oh? A six hundred million dollar program to be sure? Oh, okay)
Here's the thing. Congress voted against what America wanted. I watched C-SPAN during the debate on this issue and time and time again, Representatives and Senators came up and said something to the extent of "I know most of my constitutents don't want this bill, but I feel as though it is in the best interests of the country, so I'm voting for it anyway." Essentially, that 700 billion bailout bill was something Americans, by and large, did not want. We didn't understand it, we didn't like what we heard about it, and in the end, we told our elected representatives to vote against it. And they didn't. Thanks.
Flash forward to the news about the bailout money being blown. Suddenly, Congress is outraged! Suddenly, Congress has decided something it knew would happen happened. Sen. Claire McCatskill, D-MO, went so far as to say bonuses should have been banned in the original bill, as she was wailing against it.
The nerve of the Congress is that they are pointing the blame on Wall Street. Yes. A bill which Americans, by and large didn't want, goes all screwy and suddenly it's not your fault, it's Wall Street's fault for doing business how they do business. Lets be fair too. Wall Street did show restraint. But you wouldn't know it from how crazy go nuts Sen. McCatskill went or how disappointed sounding President Obama sounded. Wall Street cut down their bonuses by over 44% from 2007 to 2008. Which is ironic, because Mayor Bloomberg of New York City contends that is part of the reason there is such a huge gap in the city's budget for this year. Because there is ove 20 billion less in the economy this year than last year.
So in short, stop giving the GOP such shit for not voting for this even more insane bailout bill. I've started reading it. It's crazy. There are lots of zeros. And unless my taxes get cut in half, you can take your billion dollar advanced battery research and $600,000,000 global climate study and shove it (seriously. We determined it's happening. What more do you want? Oh? A six hundred million dollar program to be sure? Oh, okay)
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