--Conservatives, because they don't believe in wealth redistribution.
--Liberals, because they don't believe that redistribution of the wealth of the poor to the already wealthy makes any sense.
Those who voted for the bailout plan either didn't understand it, in which case they shouldn't be in Congress, or are shills for the Establishment. I look forward with relish to perhaps hundreds of such representatives being handed their walking papers in the elections next month.
We all are doing our worst and making the [people] pay. We forget that we all are the people; that while each of us in his group can shove off on the rest the bill of today, the debt is only postponed; ...We have to pay in the end, every one of us. And in the end the sum total of the debt will be our liberty.It was
Samuel McClure, January 1903
Perhaps it's a good thing that the economy began to melt down at a point in time so close to the election. Let's remember that as we head for the polls.interesting that those in the House of Representatives who initially voted down the bailout were from both the left and right sides of the aisle, although more were Republican. Truthdig, a left-leaning organization, bemoaned the fact that of the real representation left in Washington D.C. most of it is Republican. Speaking with TruthDig, Dennis Kucinich said of the bailout:
It is a direct attack on the American people’s ability to be able to stabilize their homes and their neighborhoods. This single vote will define the careers of everyone. We are back to taxation without representation, to markets that are openly rigged.Truthdig columnist Chris Hedges wrote
The passing of the $850-billion bailout pulled the plug on the New Deal. The Great Society is now gasping for air, mortally wounded, coughing up blood. It will not recover. It was murdered by the Democratic Party.Kucinich rightly criticized the destruction of free-market principles in the latest bailout scam.
We are on our own. And don’t expect any help from Barack Obama and Joe Biden, who lobbied hard for the bill and voted for it. Ignore their rhetoric. Look coldly at the ballots they cast against us.
Instead of Democrats going back to classic New Deal economics where we prime the pump of the economy and start money circulating among the population through saving homes, creating jobs and building a new infrastructure, our leaders chose to accelerate the wealth of the nation upwards. They did so in a way that was destructive of free-market principles.It's no longer a battle between Republicans and Democrats, as the current presidential campaign would try otherwise to convince you. This is clearly now a struggle between the "big people" and the "little people". For a capitalist society to have any chance for succeeding, it must be fair. With this bailout, the United States economic system, although it has been unfair for decades, is now painfully, clearly so.
The Democrats have unfortunately become so enamored and beholden to Wall Street that we are not functioning to defend the economic interest of the broad base of the American people.
The beginning of a solution is to remove from office anyone