Political Punch

We as a nation should be MAD AS HELL. We are allowing a small percentage of the wealthiest people in this nation to steal from hard-working average Americans. We need to stand up to these greedy narcissists and make them pay for what they owe.
Make over $250,000 a year? You're damn right you should owe more in taxes. There are people with three jobs that can't even put food on the table at times because they get paid at minimum wage and don't have the resources to climb the social ladder.

EVERYONE EMAIL YOUR SENATOR/CONGRESS REPS:

As part of bailout conditions:

1) All corporate profits to be paid to the government while the taxpayer is losing money on the toxic assets
2) Absolutely no bonuses to any employees, this is cash which goes back to the taxpayer until the losses on the toxic assets are recouped.
3) Shareholders of these toxic companies must be somehow punished. The bailout is increasing the value of these companies, so shareholders are gaining at the taxpayers expense. THIS IS NOT RIGHT!

Obama or McCain, it makes no difference. Don't you people get it yet? It is the illusion of choice. Wake up. 700Billion dollars stolen from us taxpayers given to executives and shareholders who lie, cheat and steal. McCain won't stop this. Obama won't stop it either. Don't be stupid. Vote 3rd party, any 3rd party. Otherwise its just going to happen over and over again.

Now is a good time to institute term limits in Congress. Congress has been instrumental in letting us down. Bush has only been here 8 years and messed up things as much as possible in that short time but many in Congress have been there for years, deregulating, changing bankruptcy laws, allowing monopolies, etc.,etc.. Time to start having new people in Washington on a regular basis. We've been sold down the river.

notafool: nationalizing an insurance giant, and ensuring that the federal government owns 80% of all mortgages IS socialism - as is corporate welfare. while bush slept, what percentage of morgan stanley do you think the chinese government came to own? who needs a cold war when you have the neocon idiots in office? they are the greatest gift to socialism or communism since stalin.

Amazing. Can we get the names?

NO! NO BAIL OUT!

LOCK UP! That's what we want! LOCK UP!

From vice-president up to & including The BOARD of Directors, of corporations seeking Bail Out, should be turned over to OUR Justice Dept. The SHAREHOLDERS elected them so, let the shareholders collect from THEM--not me!

The Lending Institutions' Players should have everything taken from them: houses, cars, pay, 401Ks, IRAs,
vacation homes--EVERY THING!

BUT--THEN--who would be left to give millions & millions to the two National Political PARTIES, so they can be elected and do this over again? Remmember the Savings & Loan bail out?
Well, yeh, Oprah, is she a lobbiest?

There is an option to the Dem. & Rep., but Ralph Nader is ignored by the Parties Media!

Billy Bob, Florida, Even when we vote the DNP denies our rights because they have PARTY Rules, which Obama supports, affirms, and approves as it helped him with his nomination.

PS Senators Kennedy, Kerry, McGovern, Biden, Edwards all supported Obama, WHO will be running his White House? Well, Oprah will have a room, but run the show? Naw-she's a girl.

Obama and McCain both accepted 500 Billions dollars from Hitler and the Devil.

New York Times:
McCain advisor who worked at Fannie Mae, recieved 35,000 dollars a month for doing nothing. Check it out. McCain is an inside man for a Corporate Country Take-Over. Oil Tycoons are paying McCain to be a Toadie. Anybody and everybody should double check the paper trails. They are still there.

QUICK MEMO:
John McCains Oil Advising Tycoons, are buying theri oun stocks, to raise prices. A fear tactic, to use higher gas prices, in McCains favor. Oil Tycoons are working for McCain. Be prepared for McCain to get a rise in political funding. Just WATHCH the money this week.

"during the height of the predatory lending crisis"

And dear sir, exactly why would all of these companies pursue policies that inevitably put them out of business?

The "predatory lending" of which you speak is government imposed (by the Democrats with a fair share of Republican idiots) loans by banks to people who did not possess the means to repay them.

The predation was on the banks. By its real name, it is called s o c i a l i s m.

The result, as are the results of all socialism experiments, is financial disaster.

This time, it was imposed by stealth, because Americans would never vote for such a blatantly obvious scam.

Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.

In 2003, during the height of the predatory lending crisis, the OCC invoked a clause from the 1863 National Bank Act to issue formal opinions preempting all state predatory lending laws, thereby rendering them inoperative. The OCC also promulgated new rules that prevented states from enforcing any of their own consumer protection laws against national banks.

The federal government's actions were so egregious and so unprecedented that all 50 state attorneys general, and all 50 state banking superintendents, actively fought the new rules.

"What a pointless/midleading discussion."

Not pointless/misleading if your goal is to depose Bush, elect Obama, and implement Socialism.

What a pointless/midleading discussion. What were the reported earnings of the companies in FY 2007? What was the YE impact on stock prices, shareholder equity, market cap? How were the 2007 bonuses spread across successful/unsuccessful divisions? Those answers would give some perspective , and even then on 2007 AND NOT on 2008.

Otherwise, it's as good as saying put Warren Buffett next to a homeless person, and saying their average net worth is $32 billion.

Tinat,

You are assuming something, that's not true. Obama has collected millions from executives, in some instances more than mccain in a given industry.

Wall Streeters are giving more to O than McCain, for example.

If you had a gun held to your head with the directive "make bad loans to people who can't pay them back", it would be rational behavior to make some money and get out of Dodge before the trigger got pulled.

Frankly, some of those execs should probably go to jail....AFTER Franklin Raines, Jim Johnson, Barney Franks, Chris Dodd, and every other smelly politician who promulgated the biggest financial crime in history.

Obamas money is coming from company workers, Mccains money is coming from company executives...now who do you think has more power, workers or executives???

Yep, and a dis proportionate amount of that bonus money is being donated to Obamas campaign by those very same people.

Nice research - I hope you continue to give this line of inquiry the attention that it deserves.

Danny,
BOTH campaigns are full of fannie lobbyists. That's what lobbyists do, run political campaigns. Shouldn't be a shocker to anybody.

The point is that this GSE has a 200 million dollar lobbying budget. That is the real crime here.