Hank Paulson: Act Now Before It's Too Late

  If you listen to Paulson, the Treasury Department, Bush, Cheney,McCain, Pelosi, Dodd, and others, you get the impression that our economy will be coming to a standstill by next week if those crooked financial firms don't get the taxpayers $ 700 Billion to bail their sorry, inept asses out of the troubles that they have brought upon themselves.

One bad thing about this free ride for these crooks is that you and I get screwed out of our money and Barack Obama gets screwed out of his healthcare plans, among other ideas. The money will not be there for his plans, period! All in the Republican scheme of things.

Memo from Paulson to Cheney:
It appears that the ultimate cost of your bailout program will approximate 1 trillion dollars. As such, there is no way for Obama to implement his universal health plan. You might remind the insurance companies that we expect sufficient reciprocity when they're signing checks.

Let's be honest. The implementation of the Paulson-Cheney-Bush-Rove Plan will effectively strip an Obama administration's budget options. Universal Health Care, Infrastructure improvement, funds for alternative energy and even the middle class tax cuts are all vulnerable. If you think that the GOP isn't well aware of this, you underestimate their willingness to impact Middle America. It's essential that Paulson isn't allowed to become king for the remaining term of Bush. We must insist on transparency and a bi-partisan set of people to monitor this program or America will see 4 more years of Bush's impact on the country. We cannot be rushed into this like we have been in the past. Nothing good will come of that.  DKos

  While we are at it, let us contact of Senators and tell them NO on this version of this bailout! Tell them to grow some balls for once and not give into the Bush Crime Syndicate.

Technorati Tags: Paulson,Wall Street,Obama,Universal Health Plan,bailout

Finance gets Bailed Out: Bye Bye Social Security,Medicaid, and Medicare

  The conservatives have been wanting to do away with those programs, especially since Reagan was in office. As an anti-government group, the conservatives are almost where they want to be. Are you and I on our way to a corporate dictatorship? That is what we will have if the conservatives, along with some sorry Democrats, manage to bankrupt the government.

Original Article

by TheOrchid  Sun Sep 21, 2008

Paulson's plan is as bad we've been saying it is--a power grab with no upside for the taxpayer and no hint of regulatory reform to solve the underlying market problems.

But there's more, and I haven't seen this addressed yet.

If Paulson's plan is actually implemented in anything like it's current form, and $700 billion--or more--vanishes into the black hole that is now our financial "services" industry, the incoming President in 2009 will be confronted with a stark choice:  either continue to uphold the financial markets, or uphold the core of liberal government:  Social Security, Medicare and Medicaid.

If the bailout commences, economists will start to come out of the woodwork to explain why the country must first avoid bankruptcy, and to avoid bankruptcy, these social programs must go.  Foreign investors, looking at the state of the United States' finances, will be unwilling to loan the U.S. any money to shore these programs up while simultaneously protecting financial markets.  Congress will take a look at the numbers, as well, and either (1) decide to slash these programs; or (2) do nothing, allowing the country to slide into bankruptcy, in which case the programs die anyway.

In any event, if the bailout goes forward, Social Security, Medicare and Medicaid go the way of the dinosaur.

This is really what we're fighting for now.

Technorati Tags: conservatives,Ronald Reagan,George Bush,Social Security,Medicare,Medicaid,Henry Paulson,2008 election