Thursday, September 25, 2008

$700Bn for a temporary fix??? NOT!!!

If we do what Bushcrew is proposing, this problem will just come back to haunt us all again in a few months and be even WORSE.

The real problem with the economy is that its primary driver - the middle class - is out of money to squeeze.

Everyone has been sqeezing and squeezing until the middle class has been bled dry - it's just that many haven't figured that out yet. They still have a little room on the credit cards, or they bought their house 15 or 20 years ago - but done the way Bushcrew wants, this will get them in the next round.

Raise property taxes every year - squeeze!

Bank fees for every little microservice the banks can think of - squeeze!

Pay more and more for every form of insurance - squeeze!

Pay for more of the medical expenses and prescriptions insurance won't cover - squeeze!

Higher - deregulated - utility bills - squeeze!

Higher gasoline taxes and income taxes and sales taxes - squeeze!

School registration fees in addition to property taxes - squeeze!

Higher college tuition fees and higher interest rates on them - squeeze!

These are just the biggest things, there are myriad littler things pinching money off the middle class. The list goes on and on and on and on.

The problem is, the middle class probably uses 4/5 or so of all the goods and services purchased every year - until this one. There's nothing left to squeeze - in fact, they've squeezed SO much that the middle class can no longer even meet obligations in addition to extras. Why do you think credit card use and debt is so high? People are buying food and gas or paying bills with them. It isn't luxury vacations or bling, its basic necessities.

4/5 of the economy can no longer afford to participate in the economy. They simply don't have the money left!

But wait! Bushcrew wants to add a little less than $3,000.00 to the bills of every man, woman, and child in the country - squeeze! - squeeze! - squeeze! - squeeze! They are going to press the body until there's not even any red moisture left in it!

Who is going to buy ANYTHING?? RICH GUYS?? Puuuuhlease!

If you have a guy with 20 cars and ten houses, guess what? he can only drive one car at a time! He can only live in one house at a time! Even if he goes to a different house every night, he will still only spend a fraction in the local economies he lives in as what 10 families in 10 houses and 20 cars would spend. The families will spend money for gas and groceries and utilities and etc. every day almost in each of the 10 houses - but the rich guy might buy gas at one house one day, groceries at the next house, toys for the kids at the next, and so on.

If the middle class isn't made middle class again, the economy will continue to tank until it stops. The middle class economic engine is out of gas. If you suck on the tank inlet until there's a huge vacuum, which is what this bailout does, you'll make the problems WORSE!

Kiss my hiney, Bush & Paulson & Wall Street. You have no economy left to bail out because you don't have a real middle class anymore. You squuezed to much, and there's nothing left. If you want to fix the economy, get the middle class truly breathing again. Otherwise that money you're slipping out of the corpse's pockets will be totally worthless in a very short while.

Dan Stafford wrote:, the Aggressive Progressives - 500,000 strong and growing!

TODAY: March Against Paulson's Plunder

On Wednesday, George Bush went on TV to sweet-talk Americans into letting him steal $700 billion of our tax dollars - $2,333 for every man, woman, and child - to bail out his greedy rich friends on Wall Street.

Today (Thursday) Bush will meet with Democratic and Republican leaders to finalize a deal that gives Bush nearly everything he wants, but nothing America needs:

  • The people who caused the problem or profited most should pay for it
  • Re-regulate to prevent this from happening again
  • Include Main Street in the bailout and invest in a new productive economy

Worst of all, it's another massive fraud. Bush lied to our faces when he promised to buy toxic securities "at their current low prices... and we expect that much, if not all, of the tax dollars we invest will be paid back."

Bull. This is the same administration that promised the invasion of Iraq would pay for itself through lower oil prices. The cost of that disaster is now $3 trillion and climbing, not to mention millions dead, maimed, or exiled.

So make no mistake: every penny we give Bush now will be used to greatly overpay for securities that will lose most of their value. We will pay the price for decades, which is why dozens of economists oppose Bush's fraud. members have sent nearly 100,000 emails to our Senators and Representatives opposing Paulson's Plunder. But Congress is moving fast, so we must too.

Today (Thursday) there will be emergency afternoon street protests across the country. Please find the nearest protest and bring a sign and a friend:

And call your Senators and Representative right now to say "No $700 Billion Bailout for Wall Street" - dial the Capitol switchboard at 800-473-6711 or 202-224-3121 or dial direct using the instant phone lookup on the right side of

And if you have not emailed your Senators and Representative, please do it now:

Thanks for all you do!


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