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Sunday, September 21, 2008

(Updated) If This Isn't Enough to Make You Sick ...

Update: Sen. Chris Dodd, the Dem who heads the Banking Committee, has proposed some improvements to the We Love Wall Street Giveaway Bill, but I'd hardly call them "populist" as the Politico article does. More like very basic, bare minimums to give this fiasco just a wee bit of fairness and make the power of the Treasury Secretary a wee bit less absolute. We'll see how tough the Dems are prepared to be to get even these changes included in the deal. Any bets?
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If this isn't enough to make you sick, I don't know what will: .

How about we push for mortgage and credit card debt to be wiped out for those who make under a certain threshold? Or even a lowering of credit card interest rates to the teens when so many are paying "late fee" punishment rates of 25-35%. No, we don't need that. We've got Nancy Pelosi pushing for an increase in unemployment benefits and more spending on infrastructure. Go get 'em Nancy. My favorite is Chuck Schumer, who doesn't want to muddy up the current horror of a bill with add ons for the people. Maybe some side bill can help people getting thrown out onto the street. Don't hold your breath. Also get the new plan to use U.S. taxpayer money to bail out FOREIGN-OWNED banks too. Oh, the largesse for The Monsters is neverending.

September 21, 2008 at 01:33 PM in Business, Corporatism, Crime, Economy, Populism | Permalink

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