KUCINICH: OPPOSES BAILOUT AND ASKS: "Is this the United States Congress or the board of directors of Goldman Sachs?”
WASHINGTON, D.C. (September 28, 2008) -- Congressman Dennis Kucinich (D-OH) today made the following speech on the floor of the House of Representatives regarding the proposed Wall Street bail out:
“The $700 billion bailout for Wall Street, is driven by fear not fact. This is too much money in too a short a time going to too few people while too many questions remain unanswered. Why aren't we having hearings on the plan we have just received? Why aren't we questioning the underlying premise of the need for a bailout with taxpayers' money? Why have we not considered any alternatives other than to give $700 billion to Wall Street? Why aren't we asking Wall Street to clean up its own mess? Why aren't we passing new laws to stop the speculation, which triggered this? Why aren't we putting up new regulatory structures to protect investors? How do we even value the $700 billion in toxic assets?
“Why aren't we helping homeowners directly with their debt burden? Why aren't we helping American families faced with bankruptcy. Why aren't we reducing debt for Main Street instead of Wall Street? Isn't it time for fundamental change in our debt based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks? Is this the United States Congress or the board of directors of Goldman Sachs? Wall Street is a place of bears and bulls. It is not smart to force taxpayers to dance with bears or to follow closely behind the bulls.
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www.VelvetRevolution.us
Enough already
Even if the whore of the House is going to push this thing through, isn't there one brave soul in the Senate who can filibuster it? Nancy Pelosi has to be the worst Speaker the House has ever had. I sure makes me proud that she is a woman. That is quite an accomplishment.
4Peace
Solutions to The Enviroment and the Future.
www.aeonpi.com
Its time we Took Charge
We can not be expected to Suffer anymore for someone else AGENDA and that is the bottom LINE> OUR Voice needs to be heard.
i totally agree.
and i'm a republican. what's the thinking behind this?
Dennis
I'm liking Kucinich more and more everytime he says something! He's a patriot! Truly.
$700 Bailout
This bailout was for the rich and I wish we had you as our Congressman in NM. At least someone stands up for ordinary Americans. Socialism for the rich has been historically referred to as fascism. While the system needs fixing, fixing a system is different than bailing out those who caused the problem in the first place. Thanks.
Dems need a single voiced alternative
My letter to Pelosi:
Bush came up with a horrible proposal, and only Repubs loudly broadcast a counter proposal. Please create a strong Democratic proposal, and if we need to compromise, compromise from there.
The best way out:
1 - Imitate Warren Buffet: cash for equity, not for investors.
2 - Foreclose on Foreclosures
3 - CEO limits. Income equity 25:1 sure looks fair. 5-year liability clauses would also make sense.
4 - End "corporate personhood" for any "limited liability" corporation -- espec the right to put money in politics.
Barbara Lee, Kucinich and a few other voices are struggling in the right direction!
THAT'S WHY KUCINICH WAS
THAT'S WHY KUCINICH WAS DISMISSED SO QUICKLY THE REAL POWERS THAT RUN THE USA DID NOT WANT HIM TO BE ELECTED - BUT HE WOULD HAVE MADE A FINE PRESIDENT THE BEST EVER