$700 Billion Bailouts, They’re Not Just For Banks Anymore

Reuters reported that the Treasury Department has a plan to extend part of the banking bailout money to companies that aren’t banks.

The Treasury Department is preparing to open its $700 billion bailout package to companies outside the traditional banking sector, the Washington Post reported on Friday.

You overloaded Congress with e-mails and phone calls demanding they vote down this bailout plan. Instead they add over 300 pages of pork barrel bribes to the bill and pass it. Now they reveal it wasn’t just for banks. How much of this money will be spent under the new plan?

The plan, to be announced late next week at the earliest, could ultimately involve “hundreds of billions” of dollars in the $700 billion program, the Post said.

Hundreds of billions of dollars, of money borrowed in your name, without your consent, is going to be spent in a way that you weren’t told about. When is it all going to end? When is our government going to be so corrupt that we don’t have a republic left?
I believe, ladies and gentlemen, that the time has already passed. If you don’t believe that is the case, prove it. Stand up for your country and demand investigations of your representatives. Keep your eyes open and do some research. It is your job as an American to keep our government in check. Prevent this country from becoming another United Socialist Republic.
The remedies are in the law. You don’t have to take it anymore. Read your laws, understand the difference between law and statute, get yourself a law dictionary, and learn something. If they continue to disobey the law, fail to provide you remedy therein, and “when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce [Americans] under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.”

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~ by skepsis on November 9, 2008.

2 Responses to “$700 Billion Bailouts, They’re Not Just For Banks Anymore”

  1. I recently blogged about the bailout plan. I think it will only be a matter of time before other sectors start knocking on the door asking for help and bailout packages for Hilton hotels or the like will become the norm…

  2. I am ticked off when I loose a $10 bill, yet our gov’t can not account for $10 billion dollars in the bailout. Are we buying more gold plated toilet bowls and screw drivers for Area 51?

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