The New Modified Bailout Bill

   This shit just keeps getting better and better! The original $700 Billion bailout bill was met with much opposition from both political parties as well as the majority of America's citizens. Not wanting to piss us off ( sure ) our government leaders went back onto hibernation to work on a better, more accountable bill. So they managed to create a better ( ? ) bill which was unveiled on Sunday.

  From what I've seen on the Internet thus far, this bill is even worse than the original one was. Oversight? sure there is. Just like with the FISA Bill. Remember that one? ATT and others got off for illegal activities against both you and I.

  Bailout Bill has oversight but the problem is that the companies and individuals who got you and I into this mess are the ones who will have the oversight! What the fuck is wrong with this picture? Plenty, as you will see. Read on!

  Original   ( edited )

            OpEdNews

With the modified bailout proposal announced today as “agreed” to by Congressional leaders of both parties, House Majority Leader Nancy Pelosi chillingly emphasized that one of the “achievements” of the modified bailout is that it “insulates Main Street, and everyday Americans, from the crisis [created by] Wall Street.”

The REDUCED, rather than increased, accountability comes from two main factors. First, the only control the people had under the original proposal was the hope that the President would fire the Secretary of the Treasury for malfeasance. Because the unprecedented new Troika is made up of three independent federal agencies, so the President (the only elected person with any possibility of control) has a much harder time impacting them, and has to replace at least two of them instead of one Treasury Secretary. Canning two of these major business figures in the SEC, Fed, and FDIC would arguably shake up the markets further. Moreover, it’s questionable indeed for the President to have a “litmus test” on bailout policy for any appointee to an “independent” federal agency that is supposed to be just that – Independent.

Business deregulation has generally gone hand in hand with regulatory agencies being captured by Wall Street interests, so now, in effect, Wall Street decides how much accountability Wall Street will get, thanks to the Troika and “good cause.”     OpEdNews for more

  What this means is that both you and I are being shit on by our elected representatives in government, once again. Nancy Pelosi and, more than likely, Harry Reid, are about to give the crooks in both government and on Wall Street the right to police themselves. This is not acceptable!

Technorati Tags: Bailout Bill,Nancy Pelosi,Harry Reid,Wall Street,Troika,economy

Sarah Palin: Ignorance In Action

  Let's forget about the past Presidential debate and the $ 700 Billion Wall Street bailout for a minute, shall we?

  As the readers know, I usually like to post an article from some of the newspapers from overseas and from across the border just to see what they think of our lives here in America and especially for their views concerning our race for the White House.

  Here is an article which popped up a few days ago in La Presse, from Canada. This concerns the Republican V.P. pick, Sarah Palin.

  Posted at Watching America

Ignorance in Action

By Nicolas Berube
Translated By Louis Standish
September 25, 2008
Canada - La Presse - Original Article (French)
"There is nothing more terrifying than seeing ignorance in action," comedian Tommy Smothers said when accepting his Emmy award last Sunday in Los Angeles.
Mr. Smothers didn’t utter any names - the organizers of the awards ceremony didn’t want any live political commentary. But then why say something everybody knows?
The smoke raised by the nomination of Sarah Palin has subsided in the United States. Almost a month later, Americans don’t like what they see. McCain’s running mate attracted passionate crowds early on, but aside from the religious Republican base, no one else seemed to take the bait. For 10 days, the favorability numbers for the McCain-Palin ticket in every poll are in free-fall.
Even undecideds seem to be fleeing from the conservative duo. That’s what the Florida newspaper, the St. Petersburg Times discovered, which has been tracking a barometer of undecided voters since the beginning of the summer.
Last week, the newspaper was surprised to see that the majority of polled undecideds felt insulted by Palin’s candidacy.
"I am truly offended by Sarah Palin," said Philinia Lehr, 37, a Republican mother of five who voted for Bush in the previous elections. In her opinion, a mother of five children doesn’t have any time for a demanding position like the vice-presidency of the United States. “What is she going to say if her newborn has a problem? Excuse me, my fellow Americans, I’m busy?”
This week, Palin wrote a new chapter in the history of the United States: she is the first vice-presidential candidate to refuse media questioning.
You read that right: almost a month after being nominated, Gov. Palin has held only one press conference. Case in point, Obama’s running mate, Sen. Joe Biden, has held more than 50 since August.
Media Revolt
The situation has otherwise led to a mini-revolt on Tuesday: reporters who follow Palin’s itinerary have threatened to stop writing or reporting anything about her if they don’t have access to her meetings with various heads of state in New York. Journalists were finally given access for about 29 seconds before being ordered out.
The exasperation spilled over onto CNN, where anchor Campbell Brown spoke directly to the camera, telling the McCain campaign to “liberate Sarah Palin.”
"Frankly, I’ve had it up to here," she said. "I’ve had enough of the sexist treatment of Sarah Palin. The McCain campaign keeps us from asking her questions, like she’s a sensitive little flower that has to be protected. It’s disrespectful towards her. Free Sarah Palin from the chains of chauvinism. Sexism has no place in this campaign."
Several commentators notice that McCain’s strategists no doubt have excellent reasons to shield Gov. Palin from the media. Apparently, she doesn’t have the required knowledge to handle any prolonged questioning.
For example, Gov. Palin continued this week to assert that Alaska’s relative proximity to Russia gives her foreign policy experience.
"Anyone who dares emphasize that that explanation doesn’t make sense is an elitist,” Sam Harris wrote in Newsweek, in a long article on the depressed expectations of the Republicans. He finds it scandalous that McCain’s running mate got her first passport just last year. "What troubles me is everything that Gov. Palin does not know: markets, financiers, the environment, the Middle East, the Cold War, Islam, medical research, etc. Her ignorance doesn’t come from not having the time to read the paper in the morning. Sarah Palin’s ignorance comes from how she’s spent her 44 years on Earth," he wrote.
It all starts looking like a sketch from "Saturday Night Live" -- the audience’s laughter at least.

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Technorati Tags: Sarah Palin,John McCain,Campbell Brown,Vice President,2008 election