[SE Mom]

Per CNBC reporting this morning- taxpayers are calling their Congressmen asking why we’re bailing out Wall St- testimony by Paulson will have to show this is for the entire economy- not just Wall St.

[brydic1]

We have only the choice as to whether to face financial Armageddon now or later. If the rescue is voted up it might be postponed until later. If it is voted down Armageddon will immediately happen. In any event, sooner or later, it will happen. We have had tremendously horrid leadership both in Congress and in the Executive. Since I voted for the last republican Congress and the present executive I am all the more outraged by the fiscal insanity exercised by both. One might expect the ignorant socialist demagogues in the democrat party to behave in the manner that they do but to be betrayed by so-called conservatives in the republican party is contemptible. Oh, yes, they tried to rein in Fannie Mae and Freddie Mac but it was half hearted at best. They ignored if not encouraged wild credit creation in the late 90’s and 2000’s. They knew or should have known that it would eventually lead to a catastrophe, but they simply hoped that they would be long retired at tax payers expense before the sword of Damocles descended. I include my own republican senators and republican president in this condemnation.