Over the past month, I’ve observed more government giveaways than any other time in our nation’s history. But instead of needy Americans (disabled, elderly, low income, veterans) being on the receiving end, this time wealthy Wall Street moguls are the beneficiaries.
From Bear Stearns and AIG to car manufacturers, housing lenders (Freddie Mac and Fannie Mae), and now big commercial banks are in line to receive a $700 billion bailout. The cost to taxpayers is now more than $1 trillion in new national debt.
This scheme comes compliments of the Bush Administration with the backing of both Sens. John McCain and Barack Obama. The fact that two parties are colluding to make this deal happen should tell you that this is really, really bad for taxpayers. Only Libertarian candidate and former Congressman Bob Barr has had the courage to stand up against the titans of Wall Street and their money printing friends in Washington.
I know that this $700 billion is just the start. Unless we stand up and tell Congress “no,” we are doomed to even bigger bailouts and greater debt. Only Bob Barr will fight for you and me and against the Wall Street special interests.
Earl Job
Lake Stevens
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