The Bush Administration's 700 Billion Dollar Bailout

Everyday the economy sinks to a new low as President Bush urges Congress to pass a 700 billion dollar bill, as a means of bailing out wall street. However, America already has a trillion dollar deficit so where will the funds come from?

Republicans want to place Secretary of the Treasury and former Goldman Sachs CEO Henry Paulson, in complete control of 700 billion without any regulation while CEO's of failed corporations walk away with multimillion dollar "golden parachutes."

The passing of this piece of legislation would give Bush, Cheney, and their banking institution friends permission to directly steal wealth out of the hands of American taxpayers while leaving us to foot the bill. McCain speaks frequently of the corruption and greed within Washington, although he voted with George Bush over 90 percent of the time making his argument irrelevant.

How will the crash of wall street affect minorities?

It won't unless there is a substantial amount of minorities who invest in stock markets. However, due to the steady stream of job losses that mostly affect minorities -- the economic struggle is very real but per Phil Gramm, one of John McCain's advisors "We're a nation of whiners" and the recession is a "mental image" in our heads.

Is it a mental image for the person that doesn't have gas money? What about the person dropped from their health care coverage due to preexisting conditions? What about the college student that can't afford school? What about the sacrifices of our military troops and the lack of benefits and health care they receive? What about Americans who labor everyday and are literally the glue that holds our country together? 

As our 16th President Abraham Lincoln stated, "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."

Morgan Stanley is one company the government wishes to bailout, and is actually linked to President George W. Bush's family. The Yale secret society 'Skulls and Bones' members, completely dominate the financial institutions: JP Morgan, Morgan Stanley, Dean Witter, Haliburton, and Brown Brothers Harriman. These same American companies provided financial backing to German Jew killer, Adolph Hitler. Allegedly, skull members follow a Nazi doctrine and/or a Neo-Nazi doctrine. 

President Abraham Lincoln identified the elite as enemies of mankind, and the enemies of the United States of America when he stated that,

"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarch, more insolent then autocracy, more selfish then bureaucracy. It denounces, as public enemies, all who question it's methods or throw light upon it's crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe...corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong it's reign by working upon the prejudices of the people until wealth is aggregated in the hands of a few, and the Republic is destroyed."

And President Thomas Jefferson had something similar to say, 

"I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs."  

These former presidents spoke out against the very thing that's taking place in our country at this very moment. 

Is it a coincidence that Morgan Stanley's assets in 2007 were an estimated worth of 779 billion dollars and in 2008, their assets were a -779 billion dollars?

And now coincidentally the Bush administration is asking to

pass a bill for 700 billion dollars as a means of protecting the banking institution? Is the Bush administration trying to hijack America before leaving office?

  
This is way deeper than any of us could ever imagine and currently Democrats are fighting against Republicans, to not pass this bailout bill unless serious revisions are made.

Is it fair for this administration to place its burdens on the American people? And after all this, would you really trust another Republican president?

2008 LA