Most Americans think that this was a joke, but it's 100% true. Secretary Paulson got on one knee infront of House Majority leader Nancy Polesi and begged for the $700 billion dollar bailout.
What in the hell is our country coming too?
Don't believe the hype! The bailout isn't over the subprime lending. It's 25% subprime lending, 50% commercial / development, 25% expected returns on investments.
These guys must think we are stupid. So why are we only hearing about the subprime lending. Because poor people don't have voices in this country.
When the bailout happens and it most certainly will. We're going to see a bunch of people getting paid off for their support.
First in line will be the media. They will get large sums of pay off money in advertising revenue.
Second in line will be the lobbyist. They will get paid for what they do best, which is to get congress to vote in their clients favor.
Third in line will be the retiring congressional official and their family members. They will be rewarded with high paying consulting jobs.
Fourth in line will be the companies that took the money. They will reward themselves with hefty bonuses and in a round about way they will think they deserve it because they would have saved their companies and guaranteed a profit. They will say to themselves and their shareholders "we said we would profit, we just didn't say exactly how we would".
We are about to become one of the most important decisions in our history. If the congress and the president allow this bailout to go through. They will lose all credibility in the world. Not because of the bailout, because of the way they have treated US Citizens. As if we have an open credit card account for rich people but when it comes to middle class and poor people their no help at all.
Steven A Williams
http://www.therealdebtsolution.com
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