ksmith: (shirley)
[personal profile] ksmith

From Matt Stoller's blog:

This email is from an anonymous lawmaker and it should give you a flavor for what's going on right now in Congress.

"Paulsen and congressional Republicans, or the few that will actually vote for this (most will be unwilling to take responsibility for the consequences of their policies), have said that there can't be any "add ons," or addition provisions. Fuck that. I don't really want to trigger a world wide depression (that's not hyperbole, that's a distinct possibility), but I'm not voting for a blank check for $700 billion for those mother fuckers."

Me again--I hope those opposed to this bailout package stick to their guns. I've sent emails to both my senators. My Rep is a Blue Dog, so I'm not sure what good contacting her will do, but I will probably give it a go.

What do we want? Oversight! When do we want it? Now!

Date: 2008-09-22 02:33 pm (UTC)
mithriltabby: Adam Smith with caption “Invisible Hand” (Economics)
From: [personal profile] mithriltabby
There were some good alternatives to a $700G blank check mentioned on [livejournal.com profile] eklein last night, so I called up my representatives this morning and asked them to oppose the blank check and instead either loan money to the companies that need to be more liquid, or force them to sell shares (to the government, if no one else is buying) so they’re better capitalised. That keeps them solvent enough to operate and leaves them stuck with their bad debts.


And Bill Moyers’ interview with Kevin Phillips was well worth watching.

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