23.9.08

Finally Someone Talk About Bail out Home Owner

Some one finally talk about bail out home owner and not just financial companies.

"Democrats believe a responsible solution should include independent oversight, protections for homeowners and constraints on excessive executive compensation," said California Democratic Rep. Nancy Pelosi, the Speaker of the House of Representatives.

"It's ... hard to tell the average American that we're going to continue to have foreclosures that destabilize neighborhoods and deprive cities of revenues they need, but we're going to buy up the bad paper," committee Chairman Barney Frank said on CBS' "Face the Nation."

You can't just talk about wall street like how you gonna save wall street, how much money needed or it's too big to fail, but let main street to die!!!!!

Henry Paulson over and over again mention that the plan is our only choice and it has to be fast but he never tell us the other side of the story. He never tell us how we got here, he never tell us how severe the debt of US government, he never tell us how easy it's to solve this problem using free market mechanism. The reason of that is he can't let wall street down!

So now democrats throw the lifeline here about bail out home owner as well and suddenly Paulson, bernanke and bush silence. I think they are thinking "maybe not"

You can't talk your ass off about try to save the economy but actually only save wall street and big companies while let main street die!

Here's what Paulson said few moments ago:

"I won't bet against the American people ... We will work through this," Paulson said on NBC. "I wouldn't bet against the long-term fundamentals of the U.S. economy."

WHAT ARE YOU TALKING ABOUT! YOU ARE BETTING AGAINST THE LONG TERM FUNDAMENTALS OF US ECONOMY. YOU ARE BETTING AGAINST AMERICAN PEOPLE. IN FACT, YOU PUT THEM ON THE LINE. IF YOU SUCCEEDED, YOU STILL BLOW UP ANOTHER BIGGER AND MEANER BUBBLE BUT IF YOU LOSE, THAT'S IT. US ECONOMY SUCCESS STORY WILL FOREVER VANISH. 20 YEARS FROM NOW WE WILL READ ABOUT HOW GOOD AND DOMINANT US ECONOMY WAS.

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