By Wyatt Earp | October 1, 2008
Oh good, now I feel better.
NEW YORK — The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it.
The bill adds new provisions - including raising the FDIC insurance cap to $250,000 from $100,000 - and will be attached to an existing tax bill that the House also rejected Monday, according to several Democratic leadership aides.
Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., announced the plan Tuesday night.
“Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy,” Reid said in a statement. (H/T - CNN)
I purposely haven’t posted about this mess for two reasons. First, a lot of better bloggers have already posted better thoughts than I ever could. (Captain America had a particularly scathing rant that’s worth your time.) Second, this entire thing pisses me off to no end.
Forget the “plan” coming from Congress. I have a better one. Oust every damned politician in Washington, regardless of Party. Pelosi, Reid, Obama, McCain, Boehner, McConnell, Dodd, Frank, et al. Vote them out and don’t let them back in. Every single one of them has a hand in this mess, and every single one wants to try and fix it now? Are you friggin’ kididng me?
Dodd received a sweetheart deal from troubled financial institutions like Countrywide Loans. There is no reason that this dope should even be involved in the bailout in the first place! At a campaign rally in Nevada, Obama claimed that people “were tricked into buying a home they couldn’t afford.” Eh, what? How does Washington trick people into a bad loan? McConnell and Reid (along with far too many other politicians) want you and me to pay for the stupid people of this country, and we’re letting them get away with it!
Look, if you purchase a home you cannot afford, who’s fault is that? You’re the dumbass who overspent and tried to live outside of your means! Why should I help bail you out? Hell, Barney Frank wants us to support the bailout, but also wants to people who defauled on their loans to keep their homes - courtesy of the American taxpayer!!! Screw you, Barney Frank! Between Frank’s idiocy and Nancy Pelosi’s partisan bickering, nothing is getting done to fix the problem.
This, dear readers, is exactly why we need term limits for Congress. We have them for the POTUS, so why not for the rest of Capitol Hill? Vote ‘em out. Vote ‘em all out!
Topics: Politics |