Monday, September 22, 2008

Don't be fooled! [Initial] Bailout plan is a scam

It was investors who speculatively drove up housing prices for years, forcing millions of homeowners to pay inflated prices simply to shelter their families. It was investors who later bailed, trapping millions in upside-down mortgages. It was bankers who failed to screen mortgage applicants properly, misled them about the terms in countless instances, and built a financial house of cards on top of them.

Now the American taxpayers are supposed to spend Trillions - with a T - to bail out the bankers and investors who got us into this mess, without even gaining us an equity stake in return? And while failing to protect the homeowners whose bad mortgages are at the core of the problem?

This bill, if passed, will be by far the biggest scam ever perpetrated upon the American people. It will leave the middle class enslaved to debt for decades, furthering the Republican's grand scheme to divert more and more tax dollars into their buddies' pockets and away from programs that actually help improve ordinary Americans' quality of life.

Bush is right that "the world is watching." They're watching to see just how gullible we are.

Friday, September 12, 2008

McCain lies about Palin's earmarks

John McCain has just gone on a talk show claiming that Sarah Palin never requested earmarks as governor of Alaska. In fact, she has requested over $200 million as governor, and McCain should know it. Are we dumb enough to elect yet another liar President?