September 29, 2008
-- by Dave Johnson
This bailout bill hands over the rest of our money to a few Wall Street firms. It does not address the causes of the financial problems. In fact it likely makes them worse yet leaves us nothing to fix the actual problems.
It is being rammed through before the people get a chance to weigh in. It is being rammed through using fear and confusion. We, the People are not being allowed to understand and debate this massive, massive transfer of our money. That by itself should be sufficient warning that a scam is underway.
Stirling Newberry: The Fate of the Union,
We must say no. And we must tell the people who work for us. This bill is not nothing else than the meaning of America itself. We have a choice of two Americas, one where enabling acts are rammed through under the cover of darkness and obscurity, with and in the shadow of fear, the other where there is, yet, some slim hope for our Democracy. The waves of the people's revolution must overwhelm the dike and dams of privilege on this day, or there will be no tomorrow.
[. . .] Paulson's plan was not conceived in a few hours, but planned and prepared for months, and only launched upon the public at a moment of perceived panic. The executive hid it in its dark recesses, waiting for a moment to launch it upon us. This alone should be enough for a legislature with any scrap of republican spirit, or democratic pride, or American honor, to reject it out of hand and demand that it be worked a new, from wholly different principles.
[. . .] Who has spoken for the people? With all the cameras and conferences, we have not had a voice. Locked out from a Byzantine process, we have been told to wait while others decide our fate. A curtain of night and fog surrounded the negotiations, with repeated declarations that deal was reached, taking for granted in the absolute the people's assent.
Posted by Dave Johnson at September 29, 2008 7:15 AM
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