Wall Street Crisis: Don't Be Hasty
Read about the $700 billion loan to Wall Street that President Bush and Treasury Secretary Paulson want to push through.
Then crap your pants, and read this:
"Wall Street owns the country. It is no longer a government of the people, by the people, and for the people, but a government of Wall Street, by Wall Street, and for Wall Street. . .
There are half a million looking for work. . . We want money, land and transportation. We want the abolition of the National Banks, and we want the power to make loans direct from the government. We want the accursed foreclosure system wiped out. . . We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the Government pays its debts to us." (emphasis added)
I found many similarities between the current crisis, and this speech GIVEN IN 1890 by Mary Ellen Lease in Topeka, Kansas.
Let's not rush through a fix for this crisis. Let's not put more money in the hands of those who have proved themselves irresponsible. If we do, this problem could come back to haunt our children, as it evidently has come back to haunt us.
Wanting the abolition of the National Banks sounds a little crazy. But the average American can not get a loan with zero interest. Banks get loans from the government for the lowest interest possible, and then loan that money to poor, average Americans at a higher interest. Those who are poorest often get the highest interest rates. If every American could get a discount loan like rich banks do, the economy would be a fairer market, and could possibly boom. Instead rich bankers profit by taking government handouts and selling them to the needy.
This current crisis shows how far the government is willing to bend to help the upper-class. The government is about to give 700,000,000,000 interest-free dollars to failed corporations. A poor American with an identical history of irresponsibility would not be rewarded so highly.
The money should be loaned with interest, to be paid back at a profit to the people.
Economists say the bailout is unnecessary. McCain threatened to cancel the presidential debates to go save the country. Letterman, after reminding us that McCain has more balls than a marble factory, accused him of doing that because his poll numbers were slipping.
Then crap your pants, and read this:"Wall Street owns the country. It is no longer a government of the people, by the people, and for the people, but a government of Wall Street, by Wall Street, and for Wall Street. . .
There are half a million looking for work. . . We want money, land and transportation. We want the abolition of the National Banks, and we want the power to make loans direct from the government. We want the accursed foreclosure system wiped out. . . We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the Government pays its debts to us." (emphasis added)
I found many similarities between the current crisis, and this speech GIVEN IN 1890 by Mary Ellen Lease in Topeka, Kansas.
Let's not rush through a fix for this crisis. Let's not put more money in the hands of those who have proved themselves irresponsible. If we do, this problem could come back to haunt our children, as it evidently has come back to haunt us.
Wanting the abolition of the National Banks sounds a little crazy. But the average American can not get a loan with zero interest. Banks get loans from the government for the lowest interest possible, and then loan that money to poor, average Americans at a higher interest. Those who are poorest often get the highest interest rates. If every American could get a discount loan like rich banks do, the economy would be a fairer market, and could possibly boom. Instead rich bankers profit by taking government handouts and selling them to the needy.
This current crisis shows how far the government is willing to bend to help the upper-class. The government is about to give 700,000,000,000 interest-free dollars to failed corporations. A poor American with an identical history of irresponsibility would not be rewarded so highly.
The money should be loaned with interest, to be paid back at a profit to the people.
Economists say the bailout is unnecessary. McCain threatened to cancel the presidential debates to go save the country. Letterman, after reminding us that McCain has more balls than a marble factory, accused him of doing that because his poll numbers were slipping.
"A poor American with an identical history of irresponsibility would not be rewarded so highly." No kidding.
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