President Obama wants the banks to pay back the taxpayer. That’s a good thing. Will the Tea Party agree with the President or are they hypocrites that only complain about the Wall Street bailout and the deficit and still turn their backs on our President even when he does what they want him to do? Which one is it? I’m not convinced that the Tea Party members really know their history. They could be acting on a fantasy especially if they relied on the common history books that were used in public schools as their source for information.
Massachusetts Senatorial Candidate, Republican Scott Brown who is supported by the Tea Party and Wall Street banks and other outsiders, opposes fees on banks that would payback the taxpayers.
Another thing, Scott Brown says that he will vote to repeal health care reform. Be aware, this repeal INCLUDES doing away with Medicare.
Senator Byron Dorgan (D-ND) was prescient when he gave this speech in the Senate on November 4, 1999 regarding the Gramm Leach Bliley Act.
Yes, Virginia, Senator Dorgan saw a light at the end of the tunnel and he knew a train was coming. He knew it wasn’t sunshine and that the passage of the Gramm Leach Bliley Act would eventually bring down our economy.
Did you hear Senator Dorgan say “Too big to fail“? These words are so familiar to us. Unfortunately, Congress didn’t heed Senator Dorgan’s words. He predicted that we would be visiting the failures in 10 to 15 years as a result of passing the Gramm Leach Bliley Act and Congress didn’t listen.
Today, while I was shopping, I overheard a conversation between two young shoppers, a man and a woman. After they greeted each other, the man said, “I just got laid off last week. That s**ked”. The woman responded, “I’m sorry to hear that. I understand that there will be another wave of layoffs announced on Monday.” That was terrible news to hear.
Congress had no problem handing out $700 billion to Wall Street so that banks could free up credit. Then before heading home to spend the holidays with their families, the Republicans turned their backs on workers and refused to grant a loan to the American automobile industry. As a result, many other industries will face layoffs because they do business with the “Big 3 Auto Makers”. This is known as “trickle down disaster”. If the banks that received the bailout opened up the credit market like they were suppose to do, American car makers may not have needed to go begging to Congress. Instead, the banks are hoarding this money which is causing our economy to come to a screeching halt. It is bad everywhere except for the fat cat Congressmen that aren’t a bit worried about the economy because they will be getting a raise when they return in January. As for the rest of us, well, we can eat cake and take drugs that numb our senses.
Here’s a parody that may help put a smile on our faces authored by that man of many talents, Breezy.
God Rest ye Merry Gentleman
God rest ye bankers one and all
Let nothing you dismay.
For George Bush your sav-i-or
Is giving cash away
With no strings attached to it
Wall Street will shout Hooray!
Oh… tidings of billions of bucks
you’re outa luck
Oh… tidings of billions of bucks.
Now ’tis the time to celebrate
For we’ll still get our bonus.
Bad loans we needn’t contemplate
Now that the gov’ment owns us.
Without creating one new job
We’ve had it all our way.
Oh… tidings of billions of bucks
it’s not enough
Oh… tidings of billions of bucks.
Do to job insecurity and the credit crunch, Santa may not be bringing many gifts this year so Santa thought we might all appreciate hearing him play the guitar.
Organizing for Change 