So the Bush administration backs off of their promise to buy bad mortages with the money they got

[bigtree]

. . . from us.

Now, Treasury Secretary Paulson says he's committed to buying stock in banks and in AIG instead.

How did it happen that all of that money, $350 billion, so far, was handed to this administration without getting any binding commitment at all where to spend it?

And why isn't there more outrage about the bait-and-switch they did by making it appear they would be easing the pressure on mortgage lending by relieving companies of their bad mortgages?

Coupled with the news this week that some $150 billion in tax breaks would be going to banks because of a hidden loophole that wasn't subject to debate, the response to the 'economic crisis' is shaping up to be a typical skimming off the top by the wealthy and well-connected with absolutely NO guarantee or even any commitment that the average taxpayer or the average mortgage-holder will see ANY benefit from the money Paulson is holding in his pocket like it's his personal bankroll.

Obama needs to start hollering from the rooftop of the Capitol where he's still employed to manage where our money ultimately goes . . . if he wants to be seen as something other than an accomplice to gifting this departing band of thieves with a golden parachute for their wealthy benefactors.

[MichiganVote]

1. The bail out that is a sell out----of all our hard earned money. We're screwed.

[bigtree]

3. yeah

Most of us are unsurprised at the result of this 'Wall St. emergency' hoax, but there's a great deal of apathy, deflection, and cynicism surrounding the reaction to the THEFT happening right in front of us.

[MichiganVote]

5. I thought the money for these useless wars was preposterous. Guess I was wrong.

History will show we've been had and there is no going back.

[skooooo]

2. What a surprise!

not.

[SammyWinstonJack]

7. Indeed!

[librechik]

4. Message to America from BushCo: Drop Dead!

we don't need you. We have our global corporations to keep us powerful and unopposed.

[dailykoff]

6. Meanwhile, Dumbya has a little "chat" with the Obamas in the WH.

"Here's one of our little files son, would you like to see them splashed all over CNN 24/7? Didn't think so. More coffee?"

[Autumn]

8. They never intended for the

average financially troubled person to be helped by that bail out. It was all a scam. And our leaders all let them do it.

[SammyWinstonJack]

9. Exactly!