Via Michelle Malkin, you may be surprised to learn that Americans aren’t all thrilled about the prospect of $700 billion of their money going to bailout those who borrowed irresponsibly. The phones are even ringing off the hook in Senatorial offices.
This comes from Ohio Sen. Sherrod Brown, a Democrat:
“Like my colleagues, my phones have been ringing off the hook. The sentiment from Ohioans about this proposal is universally negative.”
Not “overwhelmingly negative.” Not “deeply suspicious.” Not “extremely upset.” Universally negative.
I’ll state the obvious: Members of Congress aren’t generally in the habit of passing historic and spectacularly unpopular legislation five weeks before election day.
The bailout is a disaster. We’re talking about handing over $700 billion to a bunch of people (Paulson, et all) who didn’t see any of this coming as late as summer last year. Now they want us to trust them with nearly a trillion dollars (combined with the other bailouts) to do something that may or may not work. No, thank you.
To express your sentiments on this bill, please call: 202-224-3121. As Michelle says, every second counts here.
Update: How do you feel about paying for student and car debts, too? They’re being added to the bailout legislation.
29. September 2008 at 1:28 pm
THis is NOT a wall street bailout. You know nothing about finance and economics. IF this plan DOESN’T get passed, then even you will be out of a job, out of a home, broke, and no retirement fund. Even you Michelle, Even You.
30. September 2008 at 6:56 pm
“IF this plan DOESN’T get passed, then even you will be out of a job, out of a home, broke, and no retirement fund.”
Er, no. First of all, my job will be around regardless of the economic situation. You know nothing about my occupation. Second of all, I damn-near own my home. Instead of living above my means and then expecting people to bail me out, I’ve spent years living under them and paying off what I owe. It’s called responsibility. I also have significant enough assets that I could be out of a job for several years and be just fine.
Don’t pontificate on things you don’t know. The markets rebounded today and the dollar rose.