Bailout fails!!!

Can we get a Hallelujah?

I hope you all looked closely at the votes. It is the Republicans who defeated this. The Democrats WANTED to had over the money with virtually no strings attached. But lo, not all Democrats voted for the bill. In a personal note to me Neil Abercrombie wrote: "I will not vote to bail out people who committed massive fraud on the American public." My sentiment exactly! But overall, when the Republicans shoot down a chance for their rich buddies to get richer, you know it must be flawed. Leaves you wondering how sheepish the Democratic establishment has become? They Republican establishment was obviously following their President's whim. It is only the rank-and-file representatives (ie people like you and me) that defeated the bill.

Everybody keep on their reps to kill this once and for all because they are planning a re-vote.

Paulson, unwittingly shows off the absurdity of the plan and its dark unpinnings:

One of the more contentious issues was how to limit the pay of executives whose firms seek government aid, a top priority for Democrats and even some Republican lawmakers. But it was a concern for Mr. Paulson, who worried about discouraging firms from participating in the rescue plan

So, if an executive can't make oodles of money off the bailout, they might not want their struggling companies to participate?

Paulson knows these folks since he was the CEO of the on-the-way-to-be-screwed Goldman Sachs. He is personally worth over a half a billion dollars himself! They don't care about America's economic well being, just amassing more personal wealth.

If Paulson thinks it is so important, why doesn't he convince a couple hundred of his best buddies to bailout Wall Street. They have the billions they ripped from the heart of working America.

But that would be too risky for them, but for some reason it is good enough for the rest of the hundreds of millions of Americans?