Simple explanation for the Bailout

[Citizen Kang]

Forget everything else. Here is why this bailout became a financial crisis and emergency virtually overnight.

The United States borrows $2 Billion a day from foreign banks, governments and corporations. These groups also own a ton of bad assets in bad mortgages in the USA and abroad, they are in danger of bankruptcy.

What they are doing in no uncertain terms is holding a gun to our head and saying, if the United States taxpayer does not bail them out, they will cut off our credit and destroy our economy.

Think I am wrong? go to these web sites, read the entries, WATCH THE VIDEOS and come to your own conclusion.

http://fedupusa.org/

http://supportedthebailout.org/


If this bailout bill passes, we the people of the United States of America will be saddled with the bad debt of every foreign investment bank, foreign government and foreign corporation for the rest of our lives and for the rest of our children and grandchildrens lives. The only way to pay for it will be to drastically cut popular government programs and to hyperinflate the dollar which will lead to abject poverty for our nation.


Think about whether or not you want to do support this bill.

[dixiegrrrrl]

1. And not one single Senator will tell anyone that.

They blame Wall Street.
Bush.
Bankers.
and mostly the subprime mortgage market
( not the people selling the shitty mortgages, but the *market*)


but not the fact we are being blackmailed.

Too few people understand this, although there have been warnings for years.

[Winterblues]

2. Golleee I thought it was them Black People's fault

That's what that Beck fella keeps on a sayin' :crazy: