What I want to ask the Republicans and a whole bunch of Democrats is can they even remember what happened late last in 2008?? In case they have not noticed the American people need things like quality healthcare and investments in industries in our own country. However, instead of decisive action to defend working America we are getting even more coddling of Corporate America by a Democratic controlled government:
Mr. Geithner has said repeatedly that taxpayers should be made whole for the bailout, and Congress included a requirement to that effect in the October 2008 law that established the $700 billion financial rescue program, though it did not spell out how to recoup the money. American taxpayers' losses will probably be much less than initially feared; big banks have begun paying back their bailout money with interest. Losses could reach $120 billion ultimately, the Treasury has estimated, but most of that relates not to bank bailouts but to lifelines provided to automakers and to the insurance giant American International Group.
Robert Gibbs, the White House spokesman, said Monday that "the president has talked on a number of occasions about ensuring that the money that taxpayers put up to rescue our financial system is paid back in full. That's been the president's position. I think that's the least that taxpayers are owed. And we'll have more details on budgetary stuff as we get closer to the budget being released."
http://www.nytimes.com/2010/01...
Now, I want every American no matter where in this country they live to think about what happens when you have to go to one of these big banks and jump through hoops begging them for money. You get to pay interest, along with any other little charge they can tack on along the way. By the time a working American pays back his loan he has paid much more than the amount of the loan back to the banking institution.
Since they came to us, and borrowed money should they not be subject to the same conditions?? The American people should not only get all their money back, they should get Interest!! They should put a huge "over the limit" fee on the bankers on top of it. Why are they once again getting a free pass, and in fact adding to the deficit at a time when Americans are told by Republicans and Corporate Democrats that any improvements to their healthcare systems will simply have to be "deficit-neutral"??
Working American and Progressives, once again you are being INSULTED. More and more it is coming down to one class of people that control everything while getting all the breaks and one class of people that does not. As long as Progressives must depend on folks who do not care about the working class to represent us we will run around in circles. The jobs we do create do not provide people with enough money to live on.
Working folks and Progressive America need to team together and let both parties know we are tired of the government allowing all the big institutions and corporations take all the profits and deplete the American middle-class. Folks are working harder all while watching their wages stagnate for too long know. We need to fight to insure that new jobs created with our money will be middle-class jobs with benefits.
There are some good Democrats and real Progressives within the Democratic Party in Congress. However, there are just enough Corporate controlled ones to water down and most of the time completely poison any Progressive legislation right along with their kindred spirits, the Republicans. Even when a Progressive movement such as the election of 2008 occurs, just enough Democrats and Republicans work together to quell it.
We are standing at a time in history when our country desperately needs a Progressive rising to shape legislation. We need to join together and make it happen because we clearly are not being represented by our own party in Washington D.C. Most of all we should purge the Corporate entities from our party and once either take it back or form another party which will once again be present to represent the interests of the working class. |
