Another shameful moment for our Congress is coming in its suck up to Wall Street. Once again we have bad leadership in the Democratic party, and that has and will result in more ass-kissing of the power elite, including the Bush Administration, whose incompetent Treasury Secretary Henry Paulson will now have incredible power over taxpayer money to aid the unworthy on Wall Street.
As I feared in the bailout there will be no meaningful restrictions on executive pay, despite what is being generally reported, even on NPR this morning. We are also wrongly being told that we taxpayers, who will be expected to foot the bill for this further giveaway to the rich, may actually profit from this bill eventually.
Today's latest article by economist Dean Baker, TPMCafe | Economist Dean Baker| Why Bail? The Banks Have a Gun Pointed at Their Head and Are Threatening to Pull the Trigger, explains why we should not accept the banking community's propaganda, which is being disseminated by the government "leaders" - both in the White House and Congress.
Here is our Speaker of the House, Nancy Pelosi:
Wow, I think this is her most shameful moment in office, probably akin to Colin Powell's most shameful moment of his career, when he presented false intelligence information to the UN to justify the invasion of Iraq.
And here, with Dennis Kucinich, is what our Speaker of the House should be saying today instead: