Wednesday, October 08, 2008

Why Congress Voted for the Bailout ...and More Reasons Why They Shouldn’t Have

Last Friday the House reversed course and voted 263 to 171 to approve the administration’s $700 Billion bailout of Wall Street – despite their constituents being 10 to 20-to-one against it. Why? Well, it seems that the White House made certain threats, including the threat of imposing marshal law! Listen to Rep. Brad Sherman (D-CA) relate this on the House floor (to be non-partisan, I refer you to the web site of Republican presidential candidate Ron Paul). Just 48 seconds:

Idle threats? One might hope so, but then everyone should be aware of: “Secret Bush Administration Plan to Suspend US Constitution ‘Continuity of Government’ (COG) Provisions activated in 2001” by Tom Burghardt:

In the meantime, FOX News asked Rep. Dennis Kucinich for his views on the bailout. Once again, he “tells it like is” in this 1-and-a-half-minute video:

Finally, those of you with 37 minutes to spare might consider listening to Senator Byron Dorgan on the Senate floor explaining all the reasons why the taxpayer should not want to bailout Wall Street, now or ever!

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