Saturday, September 27, 2008

America says NO bailout!

http://www.bloomberg.com/apps/news?pid=20601103&sid=a8kvUDvR7yAE&refer=us


Not one American taxpayer wants this
The finest economists in the country say it's a failure
And our Congress still tries to make deals to save their own ass
Forgetting about the American people they represent!
NO Bailout Congress!
They broke it
They bought it
Not American people!


U.S. Senate leaders said they expect to hammer out a $700 billion bank-rescue package before financial markets start to open late tomorrow, even as House Republicans said they wouldn't be held to an ``artificial timeline.''

Leaders of both parties were meeting with Treasury Secretary Henry Paulson today to negotiate the details of his proposal to buy bad mortgage-related assets from financial companies reeling from record home foreclosures.

``It would be my hope that this could be resolved today, that we'd have a day for the American people and members of Congress to review the legislation on the Internet,'' said House Speaker Nancy Pelosi, Democrat of California. ``One thing is for sure, we are not leaving until this legislation is passed.''

Lawmakers are concerned that further delay on the week-old proposal will add to turmoil in global financial markets after the failure this week of Seattle-based Washington Mutual Inc., the largest U.S. bank ever to go bust. President George W. Bush, in his weekly radio address today, said that a rescue plan is needed to avoid ``a deep and painful recession.''

Democratic Senator Max Baucus of Montana said tonight that negotiators are ``making a lot of headway.''

Derailed