New $700 billion Wall Street bailout will likely destroy the dollar
By Rob on Sep 22, 2008 in Featured, News
With a grim read of the GOP’s proposed $700 billion bailout of failing Wall Street institutions, Ron Paul laid out some of the major concerns.
Perhaps most striking is the language included in part of the bailout preventing “any court of law or any administrative agency” from interfering. This is it America. After that money goes to continue paying the salaries of Bush’s Wall Street cronies, devalues the US dollar and fails to help Uncle Joe keep his house, our great empire will be fast on the trail to total collapse.
Get some sense people.
The World's Worst Stock Picker | Sep 26, 2008 | Reply
It is incredible that this is allowed to happen. We are socializing the banks, real estate, the insurance company, and the car industry.
JR | Oct 6, 2008 | Reply
As a socialist, I believe that government should exist to serve the people. Those who due to no fault of there own find themselves in distressed circumstances should be able to get some relief from government. We are a better country than this. You shouldn’t have to know George W personally or owe money to Europe to get massive help. Socialist economies do not permit the kind of wild speculation that led us into this mess. Unless you have found a way to eliminate greed and persuade the Wall Street crowd to work for a better America instead of a bigger house, this will return again and again, each time with a different mask.