Wednesday, September 24, 2008

Open theft of public funds

Here are three paragraphs from an article entitled "The $700,000,000,000 Power Punch":

Democrats, the American people and patriots of every partisan position, should not drink the $700,000,000,000 Power Punch. There is no circumstance under which we should tolerate this open theft of public funds, and permanent transfer of Congressional and Judicial power through one man, Treasury Secretary Henry Paulson, directly to private sector corporations, without oversight, review or accountability.
While our economy is in historic trouble, it's simply impossible that more of the same power without oversight - the same unmitigated, unregulated nonsense that got us into this mess - is the cure to the precipitous plunge the American economy is taking.
The Bush Administration finds socialism despicable, when it comes to an issue like health care, but not when it benefits private corporations through corporate welfare - like the $3,000,000,000 annually given to the fossil fuel industry, that takes our tax money, then gouges us at the gas pump, while making record profits. This Treasury Proposal is another attempt by the Bush Administration to socialize debt and risk, and privatize profits and power.

Why is it that ordinary Americans would rather give handouts to people who are already rich than to people who are poor? Where does the contempt for the needy come from?

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