Archive for September, 2008

After hearing the news that U.S. Congress has reached a tentative agreement on a $700 billion bailout of the subprime industry and they will probably vote on it Monday morning, I felt compelled to send this email to Representative Keith Ellison (D-MNCD5), Senator Amy Klobuchar (D-MN)  and (in futility since he always votes with his party’s president and will probably lose in November because of it) Senator Norm Coleman (R-MN). Feel free to use this text as a starting point to express your concerns about the U.S. spending $700 billion it doesn’t have to bailout corporate “greed heads:”

Please vote no on the $700 Billion bailout plan to buy mortgage securities from private companies. This is not an appropriate way to utilize public dollars for the public good as the money will primarily benefit the wealthy CEOs and middle managers who caused this financial crisis in the first place.

All of the Twin Cities residents I’ve heard talking about the “bail out” plan have had nothing good to say about it — and many, like my self, suspect it is being orchestrated by the subprime securities industry to prevent them from experiencing the downside of the foolish risks they’ve taken.

Vote no on the bail out and tell Corporate America that it needs to face the consequences of its actions.

I’ll be posting Amy, Keith and Norm’s responses as they come in.

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Tonight’s presidential debate could be way more interesting if McCain isn’t there. The absence of the Republican nominee would clear the way for a more diverse representation of U.S. political philosophy — that is, a debate amongst the Democratic nominee and the nominees of at least three minor parties.

Presidential debates in the U.S. are usually carefully orchestrated by the leadership of the Democrat and Republican parties to exclude all other political parties in the country. Their reasoning? They say it’s justified because they are the most popular (or “largest,” “most powerful,” “most bankrolled by lobbyists and corporations”) parties (more…)

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What are we to think when the U.S. Government, the strong arm behind countless privatization schemes around the world, decides to “bail out” one of its largest private lenders, Fannie Mae/Freddie Mac, then proceeds to make gigantic public loans to even more corporations? In the realm of the laissez-faire capitalism promoted regularly by the neo-con right and the centrist left, it means we’ve gone “Commie.”

I don’t know about anyone else, but personally, I’m sick and tired of the CEOs of America (more…)

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