Christian Democrats in the United States
Domestic Issues - Jobs and Taxes We demand a living wage for all workers in America and object to attempts to establish a flat tax because of the comparative value of one dollar to one's total capital. We insist on closing tax loopholes for the wealthiest people and corporations, and support tax incentives for corporate programs with substantial public benefit. America must find a way to increase manufacturing exports since service jobs add less to the economy in the long term. We support a shorter, smarter work-week for all Americans. Subscribe to Posts [Atom]
Sunday, September 21, 2008
10:19 PM
The New Deal was a plan to put everyday people back to work and put money in their pockets, not in the hands of the rich fat cats who sank the economy in the first place by their frivolous spending and poor oversight of investments in the roaring 20's.
Instead of giving $700 billion to the American people to pay back their debts, which would truly make our economy "fundamentally strong," they're bailing out the banks, and executives will take huge pay bonuses as the money flows around. Rewards for their stupidity.
Meanwhile, the taxpayers are going to go deeper into debt, because in addition to the money they already owe, now they'll be slaves to pay off this $700 billion, which we don't have, which we are borrowing from China, primarily. You think they're going to forgive your late mortgage payments?
NEWS FLASH: The Republicans who de-regulated investment banks and encouraged reckless laissez-faire economics are now stealing more of your money to give to their friends who stole and wasted your money in the first place. LIES, LIES and more LIES! WAKE UP, YOU DUMB PEOPLE!
They make it sound like this will make the government money. But these are bad debts primarily from loans given to people who could not afford to pay them back, because we don't have enough jobs, because the Republicans have put policies in place that favor multi-national corporations who ship solid manufacturing jobs overseas and leave us with nothing to do but borrow. So where is the money going to come from to pay the government back?
Meanwhile, as the bills sold to pay for this bailout and the existing $8 trillion debt mature, we'll have to borrow more, which will increase the amount we owe. Just like if you borrowed too much and got trapped in a high-interest credit card with a big balance, it gets harder and harder to make the minimum payments, and even if you do, the balance goes up from the interest.
So, how is the government going to get people working again, how are we going to get solid jobs and regain an export surplus, so that we make enough to pay down the principal?
There is no talk about the jobs or taxes that will be required to pay this debt back from Bush or McCain or the Republicans because THEY DO NOT CARE. They're rich. McCain's got money from his wife. They've got theirs, so screw you.
WAKE UP. We may have to buy up the banks right now to keep the whole economy from falling apart, but if we don't address the issue of jobs for Americans, we won't be able to pay back this money as a country, and America will go bankrupt.
McCain says, "no C.E.O. of any corporation or business that is bailed out by us, that is rescued by American tax dollars, should receive any more than the highest paid person in the federal government." How much does the highest paid person in the federal government make? The schedules are a little tough to read but it looks like $191,300/year for the senior executive service level. A lot more than me!
Since they want to make us slaves to pay back the interest on this bailout, I say, don't pay the C.E.O.'s a dime. Chain them to their desks and give them bread and water until they figure out how to get America back to work, making money and paying off the debt like we did under Bill Clinton.
McCain says he'll only balance the budget by restraining our spending - but he wants to spend $700 billion buying up failed banks! That just makes him look like a hypocrite. It's true that we should spend wisely and restrain spending to balance the budget. But what spending do you think the Republicans are going to restrain? Spending on the military budget which puts money in the hands of his lobbyist staff, or spending on healthcare, jobs and welfare for Americans in poverty? You can damn well bet he'll restrain spending on you, but won't withhold a dime from the corporate monsters who got us into this mess in the first place.
bail out Americans, not investment banks
"The biggest bailout since the Great Depression."The New Deal was a plan to put everyday people back to work and put money in their pockets, not in the hands of the rich fat cats who sank the economy in the first place by their frivolous spending and poor oversight of investments in the roaring 20's.
Instead of giving $700 billion to the American people to pay back their debts, which would truly make our economy "fundamentally strong," they're bailing out the banks, and executives will take huge pay bonuses as the money flows around. Rewards for their stupidity.
Meanwhile, the taxpayers are going to go deeper into debt, because in addition to the money they already owe, now they'll be slaves to pay off this $700 billion, which we don't have, which we are borrowing from China, primarily. You think they're going to forgive your late mortgage payments?
NEWS FLASH: The Republicans who de-regulated investment banks and encouraged reckless laissez-faire economics are now stealing more of your money to give to their friends who stole and wasted your money in the first place. LIES, LIES and more LIES! WAKE UP, YOU DUMB PEOPLE!
They make it sound like this will make the government money. But these are bad debts primarily from loans given to people who could not afford to pay them back, because we don't have enough jobs, because the Republicans have put policies in place that favor multi-national corporations who ship solid manufacturing jobs overseas and leave us with nothing to do but borrow. So where is the money going to come from to pay the government back?
Meanwhile, as the bills sold to pay for this bailout and the existing $8 trillion debt mature, we'll have to borrow more, which will increase the amount we owe. Just like if you borrowed too much and got trapped in a high-interest credit card with a big balance, it gets harder and harder to make the minimum payments, and even if you do, the balance goes up from the interest.
So, how is the government going to get people working again, how are we going to get solid jobs and regain an export surplus, so that we make enough to pay down the principal?
There is no talk about the jobs or taxes that will be required to pay this debt back from Bush or McCain or the Republicans because THEY DO NOT CARE. They're rich. McCain's got money from his wife. They've got theirs, so screw you.
WAKE UP. We may have to buy up the banks right now to keep the whole economy from falling apart, but if we don't address the issue of jobs for Americans, we won't be able to pay back this money as a country, and America will go bankrupt.
McCain says, "no C.E.O. of any corporation or business that is bailed out by us, that is rescued by American tax dollars, should receive any more than the highest paid person in the federal government." How much does the highest paid person in the federal government make? The schedules are a little tough to read but it looks like $191,300/year for the senior executive service level. A lot more than me!
Since they want to make us slaves to pay back the interest on this bailout, I say, don't pay the C.E.O.'s a dime. Chain them to their desks and give them bread and water until they figure out how to get America back to work, making money and paying off the debt like we did under Bill Clinton.
McCain says he'll only balance the budget by restraining our spending - but he wants to spend $700 billion buying up failed banks! That just makes him look like a hypocrite. It's true that we should spend wisely and restrain spending to balance the budget. But what spending do you think the Republicans are going to restrain? Spending on the military budget which puts money in the hands of his lobbyist staff, or spending on healthcare, jobs and welfare for Americans in poverty? You can damn well bet he'll restrain spending on you, but won't withhold a dime from the corporate monsters who got us into this mess in the first place.
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