Bush Threatens the U.S.
In a statement today, the president said, "Failure to act would have broad consequences far beyond Wall Street. It would threaten small business owners and homeowners on Main Street." As Reuters reported, "Bush warned against adding unrelated provisions onto the measure and said the world was watching to see whether the United States can act quickly to shore up the markets. What he's referring to is the $700 billion bailout of the financial markets. The truth is that the $700 billion is only what the treasury needs to show on their balance sheet. In other words, they can run that amount of money through exponentially. We will see trillions spent before they're finished.
Do you notice the rush? "Hurry, hurry, USA! If you don't hurry up and give us these sweeping powers, then every small business and homeowner will be threatened with disaster."
This is how politicians threaten a population, or their political opposition. Your Christian president is now threatening you with financial fallout unless you give the U.S. Treasury dictatorial powers.
This is absurd, because they knew what would happen. Financial analysts have been warning about this very crisis for years--in detail! Surely, this is not another "we didn't see this coming" excuse. They like to play stupid, but then they demand greater authority to fix a problem they helped happen. It's absolute insanity.
Senate Democrats are the hold up. They want some additional aspects added to the bill. Here are some of the items the president refers to as "unrelated provisions":
End the program in one year instead of two.
Add layers of congressional oversight.
Add an emergency board to monitor the program with House and Senate appointees.
Here's how the president responded:
Do you smell a rat yet? Wake up, America!
Do you notice the rush? "Hurry, hurry, USA! If you don't hurry up and give us these sweeping powers, then every small business and homeowner will be threatened with disaster."
This is how politicians threaten a population, or their political opposition. Your Christian president is now threatening you with financial fallout unless you give the U.S. Treasury dictatorial powers.
This is absurd, because they knew what would happen. Financial analysts have been warning about this very crisis for years--in detail! Surely, this is not another "we didn't see this coming" excuse. They like to play stupid, but then they demand greater authority to fix a problem they helped happen. It's absolute insanity.
Senate Democrats are the hold up. They want some additional aspects added to the bill. Here are some of the items the president refers to as "unrelated provisions":
End the program in one year instead of two.
Add layers of congressional oversight.
Add an emergency board to monitor the program with House and Senate appointees.
Here's how the president responded:
"It would not be understandable if members of Congress sought to use this emergency legislation to pass unrelated provisions, or to insist on provisions that would undermine the effectiveness of the plan."He then added, "I appreciate members of Congress in both parties resisting the urge to do so, and keeping the rescue bill focused on solving the crisis in our financial markets." In other words, Congress better not get in the way of altering this bill in any way. Speed is important right now, not adding protective measures for the American people.
Do you smell a rat yet? Wake up, America!
