Tweet
Most of what I've read today seems to point to a protracted debate and possibly a stalmate. Seems plenty of politicians are lining up against a bail out...
SENATOR BERNIE SANDERS: My main concern is twofold. For the longest period of time, up to literally a few weeks ago, we had our friends in the Bush administration telling us that the fundamentals of the economy are strong, everything is just fine. And now they tell us we’re on the verge of a major economic meltdown. We’ve got to give Wall Street a $700 billion bailout...So the first point that we have to make is, if a bailout is necessary, it is not going to be, if I have anything to say about it, a working people picking up the cost of this; it is going to be the top one-tenth of one percent, who earn more than the bottom 50 percent.
Also, I think that we have got to be—we on the left have got to be thinking big and learn a little bit from our right-wing friends who are able to pivot on a dime. For years now, they’ve told us that we can’t afford—that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street.
ROBERT SCHEER: Right. What you’ve got here is really the end of the Reagan Revolution. And I hate to bring up the bad “F” word, but, you know, there is a model for this, and Mussolini had it in Italy, and it’s called “fascism.” It’s where your big corporate interests throw in with government, destroy the freedom of the rest of the people, and preserve their power. Everybody forgets, private corporations and banks did quite well, made out quite well in Italy and Germany in those days, you know? And I am really worried about this assault on our democracy.
The idea—we didn’t cover insurance, as Sanders pointed out, insurance for four million kids, because Bush vetoed it and said $7 billion was too much to spend to cover insurance, health insurance, for four million kids, but now they can throw $700 billion at these banks, and they say we can’t even have hearings about it. It is absolutely outrageous!
And I don’t want to lose that point I made earlier. The best way to deal with this crisis now is to put a freeze on foreclosures.
http://www.democracynow.org/2008/9/2...ert_scheer_and
SENATOR BERNIE SANDERS: My main concern is twofold. For the longest period of time, up to literally a few weeks ago, we had our friends in the Bush administration telling us that the fundamentals of the economy are strong, everything is just fine. And now they tell us we’re on the verge of a major economic meltdown. We’ve got to give Wall Street a $700 billion bailout...So the first point that we have to make is, if a bailout is necessary, it is not going to be, if I have anything to say about it, a working people picking up the cost of this; it is going to be the top one-tenth of one percent, who earn more than the bottom 50 percent.
Also, I think that we have got to be—we on the left have got to be thinking big and learn a little bit from our right-wing friends who are able to pivot on a dime. For years now, they’ve told us that we can’t afford—that the government providing healthcare to all people is just unimaginable; it can’t be done. We don’t have the money to rebuild our infrastructure. We can’t do it. But all of a sudden, yeah, we do have $700 billion for a bailout of Wall Street.
ROBERT SCHEER: Right. What you’ve got here is really the end of the Reagan Revolution. And I hate to bring up the bad “F” word, but, you know, there is a model for this, and Mussolini had it in Italy, and it’s called “fascism.” It’s where your big corporate interests throw in with government, destroy the freedom of the rest of the people, and preserve their power. Everybody forgets, private corporations and banks did quite well, made out quite well in Italy and Germany in those days, you know? And I am really worried about this assault on our democracy.
The idea—we didn’t cover insurance, as Sanders pointed out, insurance for four million kids, because Bush vetoed it and said $7 billion was too much to spend to cover insurance, health insurance, for four million kids, but now they can throw $700 billion at these banks, and they say we can’t even have hearings about it. It is absolutely outrageous!
And I don’t want to lose that point I made earlier. The best way to deal with this crisis now is to put a freeze on foreclosures.
http://www.democracynow.org/2008/9/2...ert_scheer_and
Comment