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Historically Free Trade has been a myth practiced by the strongest against the weakest.
In US, free economy means the large corporates have written all laws in their favor and now want to compete against the small fry on equal terms because they know the law favors them.
This must stop.
We don't have unregulated highways or road traffic. Similarly, we can't afford unregulated financial traffic.
All financial transactions whether they are derivatives or CDOs need to be thoroughly regulated and any transgressors be punished criminally.
And if those bankers start quoting "communist, socialism" point to them they already follow traffic laws on highways for their lives.
They need to follow financial laws for their lives.
This latest move by ex-Goldman Sachs partner to shovel out $700 billion smacks of a well engineered financial terrorist attack organised by the government.
Couple this with today's FOX news headlines: Iran's gone nuclear!
Corporates know this administration is the closest they can get to a gravy train. They very well know the next admin is going to break their backs.
So after robbing us blind by Iraq wars (halliburton, KBR), Katrina rebuilding(again same clients), FedCopters (Bernanke showering money earlier this year to investment banks), they are trying the Greatest Robbery Ever!; Stealing the entire Tax revenue as "compensation" for screwing up citizens.
So lulling the people into a false sense of security (Economy is strong as told by Bush, Cheney, Paulson), they suddenly spring a surprise yelling the economy is going to fail and demanding $700 B as payment.
Much like a mugger sweet-talking you to disarm you and suddenly pulling the gun on you.
The same fear tactics are applied here: Pass a bill or else the security/finance of america is gone tomorrow. This is typical of the Karl Rove kind of threats: Put a sudden deadline, put a fear, and threaten: Much like Hitler used to do.
If congress and the dems had any back bone and especially if Obama has any backbone (which he doesn't after FISA), he should stop this fear-mongering in its tracks and start :
1. Ads in TV showing the negative aspects of bailout: Rich CEOs getting millions and enjoying yachts with blondes after the getting the Federal bailout.
2. Speeches in small towns stating the government wants to foreclose your home and wants the money to pay to rich men in New York.
3. Ads in radio and talk shows in radio patterned on O'Reilly tactics that force the listener to vote on whether the bailout would benefit the richest or the CEO of failed companies.
4. Ads in newspapers exaggerating that this administration wants to take their medicare money and feed it to greedy corporates.
Appeal to the emotions of people, not facts.
5. Subpoena every one involved, including Paulson and Bernanke and force them testify under oath the benefits they aim to receive after they leave their jobs and the benefits of CEO and CFO of these companies.
6. Arrest anyone who refuses to obey the Subpoena...starting with Todd Palin.
Once rhe republicans come to the table instead of crowing for money, put some teeth into the bill:
1. All companies which receive federal bailout will get back all the money they paid to their entire board in past 2 years. Minimum wage will be paid to the board, but all money beyond that is snatched back.
2. All companies sign over 80% of their equity to the Federal Government.
3. Barring any Federal Official in Treasury or Federal Reserve from accepting any job at any assisted institution for next decade.
4. Enabling courts to renegotiate unilaterally terms of a mortgage with any federal-assisted bank.
Unfortunately knowing Obama, Pelosi and Democrats well, they will hand over the check without any oversight and flay their helplessness to the american public as if they are innocent.
If that happens, Obama can kiss his election success goodbye and democrats can forget even their existing seats in congress.
They will be reduced to just two seats: Senator Kennedy and Biden.
I seriously hope this happens. That the dems hand over a black check and in november the public hands them back their as$es-deep fried.
This article was right on target.
In the past 50 years , since television came about, americans have moved away from factual debates to judging on appearances.
Add to that mix the volatile, ultra-feminism which makes criticizing any woman a dangerous-mine-laid-trap, and you get a simpleton view.
Voters in early 18 and 19th century had only newspapers to read. So they depended on facts. Voters today have iPhone, TV, Cable, TiVO, FM, AM, Shortwave, etc.,
Plus the pressure of modern living and TV shows reinforcing their own prettiness/ugliness has come about.
Emotional attachment to something is much stronger than factual attachment.
This is where republicans and their psychologist friends like Rove come in handy.
Sarah Palin is our next door MILF: Hot, dumb as a blonde-and-proud-of-it, perfect smile, two kids, and a cook!
Biden is scholarly, has gotten around a few countries, is suave, much like Gentleman from NYC which the small town likes to hate.
And which is why Obama-Biden are going to lose.
Noo... she's as mean as McCain. The same senile old guy who dumped his first wife and married the blonde bimbo Cindy when he was still married to his first wife, the one who was part of the Keating 5, the one who jettisoned Hagee, dumped Lieberman for "again" a beautiful blonde bimbo, and dumped his maverick ideals to support a president who has the lowest approval ratings of any president in past 250 years.
Gotcha???