The U.S. House of Representatives took a second turn voting for the bailout rescue package today, which they vetoed on Monday causing stocks to plummet and yada yada yada. Where have you been all week, some sort of debate crash camp?
Anyway, a revised version of the bill passed in the Senate yesterday, and today the House counted more yeas instead of nays, so we got ourselves a $700 billion dollar taxpayer bailout! Whoops, did we say $700 billion? Now it's $850 billion. So the only thing the House accomplished this week was adding an extra $150 billion dollars to the taxpayer's bill? Sweet.
Said Congressman Bart Stupak:
When I voted against the bill on Monday I was concerned with the $700 billion price tag attached to the bailout with no plan to pay for it.
Rather than addressing the critical flaws in the original bill, the House voted on a bill that actually costs taxpayers more money – an estimated $800-to-850 billion – with still no word on how we will pay for it and no guarantee that the bailout will stop here.
This country rules.
Editorial Director
It is only my opinion that these CEO’s that ran our credit institution should never get these ridiculous severance packages. The Board of Directors of these credit institution should all be dismissed for allowing this to go on. It needs to stop now. Mr. Fishman who joined Washington Mutual Sept 8, left Sept 25,2008 will get this wonderful severance package. I wonder if an average teller left Washington Mutual what would the severance package be if they left in that period.
This is one of the reasons our Economy is the way it is, because this has been allowed to go on for years. If the people have to bail these companies out, then these CEO’S should get nothing.
The little person on the street does not get a severance package, yet these CEO’s get all their benefits. No wonder the average worker cares less how the company does that they are working for, when they treat the CEO’s like they do and the little person is treated like a number your social Security number.
Things need to change and it needs to change from the “Top”