When was the last time Ralph Nader and Ron Paul agreed about anything? Well, they both oppose the bailout. Ron Paul says it will lead to a rough economic ride and will only make the down-turn last longer. Ralph Nader agrees and tells about the story his father told him: “Capitalism will always survive in the United States as long as the government is willing to use socialism to bail it out.”
Another indicator that the world has tipped on it’s side is that today the Democrats voted FOR a Bush plan and were working to urge Republicans to vote WITH their president – they failed and Republicans “burned” the Dems by voting AGAINST Bush – Huh? The vote roll calls are here. We should let every single representative that voted for this bill know just how disgusted we are with them – if they are in your district, let them know you are mad as hell, and you’re not going to take it anymore.
I’m sick and tired of being told we have to pass a bill or else. More debt is not the way to get out of debt. Many experts disagree with Paulson and friends and claim that we are going to have a downturn either way, and a $700B (turning into multi-trillion dollar) “bailout”, while it may prop things up in the near term, is only going to make things worse in the longer term – in the same way that such attempts caused the Great Depression. The only “experts” we’re hearing from are the insiders from Wall Street, the same ones that got us into this mess; they say we need the bailout “or else” but nobody is letting anybody argue any other position – its just assumed a bailout is the only answer. It doesn’t pass the sniff test.