Global Toad News

Well, the bailout bill has been temporarily defeated, no thanks to my representative, Jan Schakowsky.  My congress criter is an example of what is wrong in Washington.  Before the vote, her position was:

Before we address the crisis on Wall Street, we have to address the crisis on Main Street.  Millions of Americans are on the verge of losing everything as the cost of health care, energy, and food continues to increase while wages and employment decrease.  The Bush Administration didn’t care about the financial problems facing hardworking Americans until this crisis “trickled up” to Wall Street.  Even now the Bush Administration would rather bail out Wall Street and its CEOs than provide relief to real Americans who are struggling to scrap together enough money to feed their families, fill up their tanks and keep a roof over their head.  President Bush has the wrong policy and the wrong priorities. 

The President is asking Congress and the American public to give astonishing new powers to his administration – to turn over $700 billion to his Secretary of the Treasury – a former Goldman Sachs executive – to spend however he chooses with no oversight – regulatory or judicial.  After the policies of the last 8 years, the American people know the Bush Administration is not worthy of that level of trust.  And there is no way on earth I’m going to give President Bush a blank check to bail out Wall Street.  We must act to protect our economy but not with a bailout package that leaves the American people with nothing but risk and Wall Street CEOs everything to gain.

Of course, that was before she decided that she would posture against the fake republicans in the house, with this statement explaining her vote:

Congress cut in half the Administration’s automatic $700 billion

Blah, blah, blah…So because it’s only "half" on paper (and the real cost is being said to be 5 TRILLION by other Analysts, and that number could just be another starting point), the point is that congress keeps going and doubling down with YOUR future.

In any case I know people who made money in the stock market yesterday, even as the "Plunge Protection Team", also known as the Working Group on Financial Markets, worked to PUNISH Americans for not granting them even more powers.

What people don’t know is that the Federal Reserve has been intervening in the markets, and that even people like the President of the Dallas Federal Reserve Bank said that this plan was bad.

But this is all just the show for the masses, because while the markets have been melting down, the congress has overwhelmingly voted to support drastic new copyright laws, with a new copyright Czar, and had even tried to have the DOJ pursue people for civil copyright issues, withdrawing that provision only because the DOJ claimed that was over the top.

Congress doesn’t work for the people, rather they act like the people work for them, turning the tables on the fools who think that what the politician says today is a reflection of what they are going to do in the future (maybe even a minute from now, Ron Paul being the notable exception that proves the rule).

I am not saying that politicians lie all the time, it’s just that they seem to be willing to say one thing to one person and the opposite thing to another, and see no problem with that.

Of course the answer that congress has to people pointing out the duplicity, is to work to pass laws like the proposed "Hate Crime" law, that has been used to harrass conservative Jewish commentators in Canada.

But then again, the constitution is a "living document" now, and as such has become a hollow symbol of a once great nation.

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