The more I read and understand what this whole bailout plan is about the more it stinks even with all the things Dodd and company want to add. It is a no win no matter how you look at it. Stepping in with any more money above and beyond the 700 or 800 billion already committed to help the markets is insane.
Today Obama laid on the line what this bailout will mean for our future.Every proposal for universal health care, transforming our energy system, helping people pay for college, and so on may go down the tubes, if the Democrats allow this robbery by the Republicans to go forward in any shape or form.
It needs to be snuffed, choked, stomped and strangled until it is dead, dead, dead. There is no way this makes any sense for the future of America. This is simply an attempt by some to make one final raid on the Treasury before the purse strings are completely in Democratic hands. It is nothing more than gift to Wall Street on the backs of the American middle class. Mark my words...any Democrat that supports this in any form will have his or her head handed to them in November.
"Does that mean that I can do everything that I've called for in this campaign right away? Probably not. I think we're going to have to phase it in. And a lot of it's going to depend on what our tax revenues look like," Obama said on NBC.
Read this bit from Kos on Newt Gingrich's comments today if you think I am full of it.
Update: Here is a more detailed post from Markos and it says and asks everything that is troubling me about this whole deal. Read it and ask yourself: What's the rush? And, why is George Bush driving this? I don't trust them and they have never, ever given me or you a reason to. Why should we start now when so much is at stake?