Tuesday, September 30, 2008

Senate to vote tomorrow on bailout; Alexander and Corker will vote "aye" to protect fortunes

Congressional leaders and the Bush administration have set on a new strategy to pass a bailout of Wall Street fatcats: let the rich boys and girls club of the U.S. Senate vote first on it.

And it will tomorrow. The bailout will pass by a wide margin because the Senate has a lot of rich members, including Tennessee senators Lamar Alexander and Bob Corker. They're going to vote to protect their stock portfolios over your pocketbooks. They're the 22nd and 15th richest people in Congress.

The New York Times reports tonight that the bailout legislation remains little changed from the one that failed Monday in the House. But a few extras -- that you will pay for -- have been added to the legislation to swing the needed 12 votes in the House.

The extras include tax breaks for businesses and the developers of alternative energy. But leaders won't reveal all the goodies ahead of time, so the people of this nation won't rise up again in righteous anger.

I don't know about you, but I'm still angry. The only hope for taxpayers and people against bailing out the rich is to keep pressure on your House members to keep those 12 votes against this unneccesary plan.

To read more, go to: http://www.nytimes.com/2008/10/01/business/01bailout.html?_r=1&hp&oref=slogin

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