The lies told to pass the bill [ Oct 4 '08 ]

On Sep 30 President Bush says that the bailout bill is s needed that the econmy will crash without it. He says that Americans are looking at the 700B cost ofthe bill but not that in the stock market fall of Sep 29 ( the day of the first house vote ), Americans lost 1 trillion $. The unfortunate truth is that half of the fall had happened before the bll was voted upon. The following day market recovers 65% of the previous day's fall and at least to the level it was before the vote.

Oct 3 '08, the house is presented with a modified version of the same bill which the senate had passed and both parties had lobbied hard for. The house representatives, having been completely brainwashed by people with vested interests like Barack Obama, Paulson, Warren Buffett, Bill Gross, Se. Mccain, passes the bill. Right after the bill was passed the stock market started falling and reached a new low for the last 3 years and fell in 2 hours more than the fall of Sep 29.
I don't know if that means anything but it is a clear as day statement on the falsity of the reasons given to pass the bill that will make the banking industry 700B$ richer.

Who saved the taxpayer from the bailout bill ?

How House members listened to their constituents and saved the taxpayer ( for now )

Urging Sen. Obama to stop being bullied by Wall Street

It is disappointing that while House Republicans were able to listen to the people in their constituencies, listen to ex Federal Reserve Board members how the bailout plan of giving money to banks who have paid out more than 3 B to just their CEOs in the last 3 years while losign billions for shareholders and making billions off the people who have taken loans from them, while House Republicans refused to bullied by their leaders by the traders on the stock market, Sen. Obama did nto show ANY of the leadership and change he has so promised. We urge you Sen./ Obama to take some tiem and talk to people who have supporeted you whether they feel money should be GIVEN ( in whatever form ) to the institutions and the traders who have made hundreds of billions while creating the problem. People like Bill GRoss had pointed out significant possibility of this happening while the need to make mroe profits and leverage the money more drove companies to ignore all this and forge ahead.

Thankfully to House Republicans Sen. Obama you still have time, pleasetry to work out a much better solution o this than what understandably biased Treasury Secretary has proposed so far. Please look at Warren Buffett's way of capital injectio. If Goldman Sachs ( Paulson's old company ) had to borrow from Buffett with such an enticign deal the U.S. taxpayer should not be forced to give money getting back this almost worthless bad debt! Please at least get us a deal like Buffett.

House Republicans save the Economy, Obama fails to show leadership

BarackObama blog "save the economy"