Bush pledges to work with Congress to OK rescue. (WaPo)Now, when The Decider's administration has made a gigantic mess of the economy, George Bush wants to sheath his veto pen and play nice with Congress, saying, "We're going to work with Congress to get a bill done quickly."
And Congress has little choice but to cooperate.... the economy is on the precipice.
The Bush administration's proposal asks Congress to allow the government to buy $700 BILLION in bad mortgages as part of the largest financial bailout since the Great Depression.... but, it doesn't specify what the government would get in return from financial companies.
Corporate-welfare in its purest from.
In explaining this move, The Decider mused that "People are beginning to doubt our system, people were losing confidence and I understand it's important to have confidence in our financial system."
Do you think?
But, it's not our "financial system" that undermined confidence and saddled the country with crippling debt, it's the financial philosophy Bush has stubbornly pursued for eight years.... cut taxes for the rich and corporations, hit the middle class with lower wages, less benefits and send their jobs overseas, spend wildly on a misbegotten war, deregulate everything in sight, let lobbyists and congressional far-right-wingers like McCain's Gramm write your legislation, and trust something good will "trickle down."
Not!
This bailout is just the latest of the mind-boggling failures of The Decider's agonizing tenure at the helm. And, John McCain promises more of the same.
November.
1 comment:
Thanks for saying exactly how I feel. It horrifies me that people are racist enough to throw our country under the bus again. We need real change in '08!
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