Why You Should Hate the Treasury Bailout Proposal

Some members of congress are trying to revise the wording and adding on to it to fit their agenda's. It's become the political football du jour.

One point: This bailout has not been agreed to. It''s not a done deal. Wall street is one thing. Main street is quite another as we're seeing now. You have congressmen from Nebraska looking at this thing and thinking about facing voters back home who are probably a little ticked about all of this. You have our folks like Vitter and Landrieu thinking about the money that Louisiana needs for levee's etc and realizing that voting FOR the bailout essentially means Screw Louisiana!

Answer this question; How do you want Vitter and Landrieu to vote on this? Yes or no?

So yesterday, when we saw a 400pt drop in the dow it was because Wall St is nervous that this thing won't get done.


I would ask they vote no.

I also just read where Sen. Dodd saw the "giving of absolute control" as going against the Constitution http://biz.yahoo.com/ap/080923/financial_meltdown.html

( near the very end of article)