.
Bush, McCain, Obama, and Congressional leaders refuse to give up with their scheme to make citizens pay for the mistakes of bankers.
The following political leaders are AGAINST this kind of bailout: Ron Paul, Cynthia McKinney, Ralph Nader. Ron Paul has an action alert with key Senators: here.
Looks like lawmakers will try to shove through a bill close to the first one through the Senate on Thursday.
Time for more phonecalls. What part of NO! doesn’t Washington understand?
peace
(excerpt from) My SanAntonio
House members awaiting hard sell
Web Posted: 10/01/2008 12:00 CDT
BY Gary Martin
WASHINGTON – Democrats and Republicans who voted against the $700 billion bailout package braced Tuesday for pressure from party leaders anxious to reverse the bill’s dramatic defeat.
Rep. Ciro Rodriguez, D-San Antonio, acknowledged that politics played a role in his decision to vote against the bailout package, but said he might be willing to support an alternative that had more teeth and greater transparency…
Rank-and-file lawmakers returned to their home states to campaign after the bill was defeated on a 205-228 vote Monday…
Party leaders spent Tuesday sifting through the wreckage of the bill, seeking a compromise that could sway just 12 lawmakers needed to pass legislation that President Bush called crucial to the country’s financial well-being.
Bush was the first to apply pressure on House lawmakers, who will return to Washington later this week.
“I recognize this is a difficult vote for members of Congress,” Bush said. “But the reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act.”
Presidential nominees Sen. Barack Obama, D-Ill., and Sen. John McCain, R-Ariz., called on the public to support the bailout package. The candidates endorsed a measure to be included in the package that would raise the federal deposit insurance on bank accounts from $100,000 per account to $250,000…
It was unknown when the House would reconsider the legislation…
Cynthia McKinney’s thoughts on this bailout/fake rescue:
The Power to the People Committee,
Cynthia McKinney / Rosa Clemente
Campaign Update.
Hello Powerful People:
Defeat the Bailout,
Build the Campaign for McKinney-Clemente
On Monday, the House of Representatives voted to defeat the Bush-Pelosi $700 billion Wall Street bailout plan. A bipartisan ‘compromise’, the bill would nationalize the risks, but not the profits, for those bankers who who have speculated in the home-mortgage ‘market’ as the ranks of our homeless has continued to grow. By a vote of 206 to 227, the House defeated the bill — with 94 Democrats and 133 Republicans voting against the bailout plan in response to massive public outcry.
In the clamour of this proposed $700 billion theft, no one is discussing the $81 billion for AIG last week. No one has stopped any home foreclosures. And demonstrating again the willingness to use the threat of capital flight to shape public policy, the market took its largest dive in history, plummeting 777 points on the Dow in a single day. But the sun rose again, anyway.
$700 billion of taxpayer funds Bush-Pelosi would spend subsidizing the criminal actions in our financial markets denies the American people the resources needed to address urgent human needs for housing, healthcare, education and the rebuilding of our infrastructure. We simply cannot allow this to continue. Calls in to Congressional offices on the bailout have run ’30 to 1′ up to ‘100 to 1’ in opposition. But public opposition alone did not stop NAFTA, GATT or the war in Iraq. And it won’t stop this, either. The House intends to try again this Thursday.
Please use this opportunity to not just urge your friends and neighbors to call their Congressional office. Use this opportunity to inspire folks that it does not need to be like this. Remind them that both corporate party candidates support passage. Let them know about the contrasting policies advanced by the Mckinney-Clemente campaign:
A Gift for a Generation: A U.S. Financial System of Our Own
Let folks know that their vote matters!
Educate folks about the meaning of a 5% return in November, the value of ballot access for continuing our vital work (which will not end when the polls close), of the necessity for building our capacity for political independence. Urge those you discuss these things with to volunteer with and contribute to this campaign.
Until next time,
— The Campaign Team
Filed under: Barack Obama, cynthia mckinney, Green Presidential Campaign 2008, John McCain, News, Political Websites, presidential race, US Politics Tagged: | Bailout, financial rescue, Ron Paul, senate, Senators
i have a question.
i think the us population is around 300 mil or so.
give every household 1 million dollars each.it will be less than 300 mil.
everyone can then pay off their house or buy one,pay their bills and
keep the rest in the bank.that would solve the problem
it will cost a LOT less than 700 billion, look at the money
the counrty would save and the problem is over
BUT that would be too easy huh ????
well i tried but think about it really!!!!!!!!