Some GOP, Democratic groups hate bailout

McSame misses 58% of the votes of the 110th Congress (vs Obama 40%), with the economy faltering all the while, to run a campaign that culminated with last weeks poll advantage over Obama. Now that his poll numbers are plummeting, he wants us to believe that he's a patriot, because he can hide from Obama's debating skills in the Senate? Why not suspend the campaign and head for Washington after announcing Palin as your running mate? The Bush 700 Billion dollar "Weapons of Mass Depression" hype is a last ditch desperate effort by Republicans to give money to the people who will employ them and their lackeys once the American people run them out of Washington. With the eviction notice from the White House looming, they know they better scare the American people into letting them work favors for they corporate friends now when they still have the White House.

We should deal with this problem in true American fashion, we will put it to a vote: McCains's plan vs Obama's this Nov 4. In the mean time, we can deal with economic problems one at a time. This should be directed by Constitutional branch most open to discussion by the American people: Congress. All the geniuses in Wall Street that got them selves into this mess can console themselves in their commitment to accepting "personal responsibility" for their actions.

When Democrats are back in the White House, you will have sane policies that help home owners move into arrangements they can afford with loans that will put the profits from the 2 trillion in loans into the American Treasury, We will also have the kind of accountability that holds Mortgage officers at every level accountable for scamming America for 2 trillion in defective loan products. The Savings and Loan debacle should have been enough for us to know to expect economic crisis that results in a bailout for Bush family friends. We need greater transparency in the market.

Right. Today the stock market is rising precipitously. That makes no sense in light of home prices falling to a 19 year low, dire warnings of recession and/or depression lurking on the horizon, surge in jobless claims, significant drop in durable goods, the unknown economic costs of the destruction brought by Hurricane Ike, declining corporate earnings, etc., etc. Face it America, the fix is in. We'll be given another panacea to quiet panic as the dollar falls, the deficit rises, and depression of the American economy is assured by the bailout.

In order to pay for this bailout, we will need to increase taxes, not on the middle class, but only on those who profit from the kind of activity that has caused this mess in the first place. We need to eliminate the capital gains tax break, which has only encouraged speculation and risky investment. We need to institute a Securities Transaction Estate Tax of .5%, as Japan and Great Britain have done, to discourage speculation and day trading which cause constant turmoil in the stock market and commodities futures (including oil). We also need a more progressive income tax like we had from FDR until Reagan. We did quite well as a nation during that time, and the middle class prospered.

"Fool me once, shame on you. Fool me twice, shame on me." Isn't Bush the guy who evoked a picture of a mushroom cloud in order to spook us into war with Iraq? I can just hear some future candidate for President uttering the following on a campaign stop: "Yes, I voted for the bailout, before I voted against it."
Sterling Greenwood
Aspen Free Press

President Bush, "the Worst President in history" is able to manage two wars in Iraq and Afghanistan, deal with the invasion of Georgia by Russia, the devastation in the Texas and Louisiana by a hurricane, Korea reactivating their nuclear program, etc. McCain did not even read the three page proposal until Tuesday. He then suspends his campaign “to provide leadership”? McCain has exposed the limits of his myopic mentality. If he honestly believes that the condition of the United States of America is more important than the campaign, he should give his concession speech today.