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Sunday, September 21, 2008

Against $800 Billion Bailout




Against $800 Billion Bailout

I do not believe the hype and do not see the difference between a Democrat and a Republican. Every time President Bush tells the Democratic Congress to sign an expensive bill they jump like punks without a mind of their own.

First we signed on to the war and now we want to sign on to a bailout, that might be artificial and how the next president can be effective after this bill. And for a lame duck President at this? I say no to a 2 year commitment of buying the debt and yes to 6 months of paying down on the debt to allow the new administration to assess the problem and take the leadership role in the resolution. I say we make payments for six months with the option to buy instead of jumping in with both feet in not knowing if this is the right solution to start with.

I think we should buy time and put on a temporary fix and print $100 Billion to liquidate the financial institutions to continue business as usual and come up with a well thought out plan by a new administration we can hold accountable instead of forcing a commitment on the next administration, and destroying their discretionary spending abilities to carryout the things they promised during their campaign. I think this is a conspiracy and they are using scare tactics on the American people.

Frank Paul Gambino

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