How is a blank check for the credit crisis different than Iraq?

Okay a 700 billion limit, but no restrictions on how it is spent? These are the same guys who never found weapons of mass destruction or Osama Bin Ladin. Nearly a trillion spent on that. Are we really going to do that again?|||The Iraq war sent taxpayer funds to defensive and oil companies. The Paulson bailout plan sends taxpayer funds to Financial Companies. Either way... it's stealing money from the taxpayer all while trying to convince them they are paying less taxes. Only problem is... the money has to come from the taxpayer eventually.





I'd be better off if I just took half my paycheck and threw it in the garbage can each week.|||It' NOT any different. Americans are being lied to AGAIN. LIES, LIES,LIES.The administration wants a blank check with no review by ANY agency or NO COURT. NOTHING for the American taxpayer but now they want to include FOREIGN BANKS to be eligible for the bailout.|||There's no way this needs to be done in the rushed manner it is being presented.


Making tax payers pay for financiers blatant greed not only is morally objectionable, but makes you wonder why anyone would try to save to get ahead. Much better to go into debt and make someone else pay for it.


Why aren't we complaining directly to our Congressmen and women.


https://forms.house.gov/wyr/welcome.shtm鈥?/a>


If they add bailing out people who took bad mortgages too, that is just teaching another generation that it is better to spend more than you have than save.


What should be happening is interest rates need to be hiked so people have a safe way to save. Interest on credit cards needs to be reduced immediately.


And the big banks that over extended themselves, along with the pension plans, should be allowed to go under. Let's use our tax dollars to make sure we can survive our bad leadership that keep somehow getting elected, by fortifying our social security system, so when our money is worth nothing in a decade, we will at least be able to survive on governmental services.





The way this bail out is worded it is not going to be limited to $700 billion. It is only limited to $700 billion plus all assets collected for the first 2 years. And the government can foreclose on ANY loans they deem needed to stabilize the economy.


Like the Iraq War, nobody is going to complain until they get shafted.


We should all complain now. Write your representatives.