If $700 billion in taxpayer money wasn't stunning enough, congressional leaders now have added another $150 billion to the bailout of Wall Street bonus babies to gain passage yesterday in the Senate.
The added cost includes mega-million-dollar freebies for rum producers in Puerto Rico and companies in America Samoa and for racetracks across the country. The bill now goes to the House, which is expected to vote on the bailout tomorrow.
Consider that Congress had previously passed a $52 billion bailout for the auto industry and other supposed needs. So Congress now is approaching almost $1 trillion in taxpayer giveaways.
It's shocking. Only your continued calls and e-mails to members of the House can stop this insanity. Tell lawmakers you understand the crisis and that it's time for Wall Street to live by the rules of Main Street.
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Government involvement in business, such as bailouts, is the first step towards socialism. Karl Marx is dancing in his grave with joy and seeing Barak Obama as possibly the next President makes him giddy with delight. Socialism in America is on the horizon and will be made complete under a President Obama.
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