Kucinich Still Against Bailout, Opponent Reluctantly Supports the Plan

[Algorem]

http://www.wcpn.org/index.php/WCPN/news/14660/


KUCINICH: This bailout has only been about helping the speculators on Wall Street.

Kucinich has been railing against this bill this week, saying it only helps Americans at the top, while doing little for homeowners at the bottom...

KUCINICH: You solve this by creating a condition where you help the homeowners. And that’s exactly what I argued for in the caucus, on the floor of the house, I sent a letter to Nancy Pilosi yesterday. I said the only the way we can have a bill that’s viable is to help the homeowners by having the government purchase a controlling interest in these mortgage security pools, and then do a work-out for the homeowners. Otherwise, this is nothing but a handout to Wall Street.

And, Kucinich is skeptical about the Bush Administration’s urgency...

[dbonds]

1. I'm with Kucinich on this.

[BrklynLiberal]

2. I agree with Kucinich. I KNOW he read the bill. I doubt most of the others have.

[mikelgb]

3. kick+r

[GetTheRightVote]

4. We are being sold a bill of goods, this is a major scam on the American Public

Wake up People before they steal from us again. When will citizens realize they are stealing from us again.

:grr::grr::grr::grr:

[polpilot]

5. Moronic congress doesn't understand this AT ALL...so they give it all away.

This Fall & next Spring. Still no loans to 'Main Street' and the money's gone. What a shocker!!

[jkshaw]

6. Please trust Obama; he knows what he's doing. Besides,

I'd wager that by the time the House passes a new bill, friendlier to Main Street and homeowners, and the Senate bill is modified to fit with the House bill, the election will be days away or over. The situation will have been changed overnight.

[bbgrunt]

7. k and r. Thank you Dennis!