Congress Please Don’t Do It

Thursday, 25 September 2008
By Michael Webster, Investigative Reporter

The Treasury Department's sweeping bailout effort is sounding more like a $700 billion dollar mugging of the American tax payers.

Congressional testimony continues, with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson claiming rapid approval for their plan is necessary to buy up bad debt from financial firms and restore stability to the market.
That controversial proposal that is urging congress to hastily approve raises many more questions than it answers.

Paulson's hurry-up offense is playing well with many members of Congress, but it isn't playing well with mainstreet America, you and me. Congress is now expected to authorize the plan almost in its entirety ignoring the voters whose taxes will be paying the total bill.

Working families even now who are barely paying the bills and struggling to make the monthly mortgage payments is outraged that their hard earned tax dollars will go to bail out the rich and irresponsible marketers and lenders on Wall Street.

Reflecting the anger of many Americans who are having great difficulty paying there over inflated house payments and are feeling real pain at the pump and are straining to put food on the family table are against the bailout.

Fred Harris of Los Angeles, an out of work carpenter says “I’ve been out of work for months as have many of my friends we are already suffering. I think we as Americans can suffer some more and we are willing to. We say let the basters[sic] fail and stand on there on two feet just like us. Americans are a strong people we will survive.

John Vance of Washington State starting a new green solar business says, â€