Stormy
10-01-2008, 01:22 PM
After a powerful public backlash brought the $700 billion bailout crashing to the House floor, Senate leadership picked up the banner and will vote on the bill tonight (Oct. 1).
Don't be fooled. At its core, this is the same $700 billion bailout bill--only bigger.
What started out as a 3-page bill by Treasury Secretary Henry Paulson, grew to 110-pages in the House, to 400-plus pages in the Senate. In fact, the Senate's new "colossal" version of the bailout bill includes a package of tax earmarks, including goodies for Hollywood, Alaska and auto racing tracks!
Nothing has changed from the House bill, and it's passage would usher us to the doorstep of Socialism!
Keep in mind, it is unlawful for the senate to vote on a bill that the house has not passed. Submitting a new bill as a resolution bill is unlawful since it is technically bonding around. The FDIC cannot reinsure itself. That's what Bush senior did for thirty years. It was a huge failure. The international community will help bail out the SEC. They all ready have. It wasn't the news that passing of a new bill that made the market go up. It was the international community (China, Muslims) pumping money into the market. JMHO
Don't be fooled. At its core, this is the same $700 billion bailout bill--only bigger.
What started out as a 3-page bill by Treasury Secretary Henry Paulson, grew to 110-pages in the House, to 400-plus pages in the Senate. In fact, the Senate's new "colossal" version of the bailout bill includes a package of tax earmarks, including goodies for Hollywood, Alaska and auto racing tracks!
Nothing has changed from the House bill, and it's passage would usher us to the doorstep of Socialism!
Keep in mind, it is unlawful for the senate to vote on a bill that the house has not passed. Submitting a new bill as a resolution bill is unlawful since it is technically bonding around. The FDIC cannot reinsure itself. That's what Bush senior did for thirty years. It was a huge failure. The international community will help bail out the SEC. They all ready have. It wasn't the news that passing of a new bill that made the market go up. It was the international community (China, Muslims) pumping money into the market. JMHO