Monday
10Nov
They Intend to Continue Stealing Until the Door Is Locked Behind Them and We Pry Their Cold Dead Hands Off Our Wallets
Monday, November 10, 2008 at 14:56
As dday piquantly puts it
“The Republican ethos in the Age of Bush has been to use government as a vehicle for profit-taking”and that’s richly illustrated by the fact that through the Treasury’s Department basically unilaterally repealing Section 382 of the tax code we taxpayers seem to have just handed American banks a windfall of up to a hundred and forty billion, let me spell that out, one hundred and forty thousand million dollars.
I dunno about you, but I worked HARD for that money.
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Reader Comments (6)
Why are we supposed to be outraged about $140 billion when Congress has already bailed them out to the tune of $700+ billion?
Or is this just another excuse to bash Bush?
I seem to recall Republicans were the heartless basterds for not voting for this the first time? Now it's Republicans/Bush's fault? Man that Obama election party has killed more dem brain cells than ever. They can't remember who there accusing for what and if they did so earlier.
I don’t need any more excuses to bash Bush, thanks, Mac. I’m well-stocked in that Department.
What’s going to be critical is whether this sort of now-routine gaming continues under a new Administration.
To your question as to why we should be outraged:
1. If you’re not, you’re not paying attention.
2. My impression is that the $140 B is PART of the $ 700 B.
Tom, stop acting silly about the bailout bill. There were strong arguments on both sides but I also seem to recall widespread acknowledgement that the way it got administered would be almost as important as whether it did or didn't pass. And this ain't a good start.
1. I was outraged about the original $700 B. I've been outraged since the entire bailoutpallooza began.
2. If the $140 B is simply part of the $700 B that a Dem-controlled Congress passed, then what's the point in attacking the Bush Administration over it?
If the goal is to bailout a troubled industry, what difference does it make if we throw a pile of our money at them or let them keep a pile of their own money?
Rosie;
I'll try to tone down the "silliness."
After Janaury 20th your life is going to be misearable w/o the daily rant of some Republican injustice to moan on about. Since the executive & congress are in lib hands, I'll sit back and watch the spinning for why this happened or not. LOL
LOL. I know! I'm feeling it already!