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The Great Bailout and It's Creators

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Welcome!

This site is dedicated to the Bailout Bill passed by both the Congress and the Senate the last week of September 2008. The purpose of this is to show the Senators who proposed the bill and the Senators and Congressmen who voted this disaster into existence. The reason? Come re-election time for each of these people, this site will be promoted vigorously and the individuals who voted for this monster will hopefully be removed from office.

This is the single largest legalized dip into the taxpayer's pocket by private enterprise that this country has ever had. The financial community, in the wake of driving the economy to the brink of disaster, looked to the taxpayers to subsidize their mismanagement and cover their ass by taking the bad debts that they had created off their hands by making the taxpayer responsible for them. The minimum cost for this was reported to be 700 billion dollars; most experts agree that it could easily be double that, or 1.4 trillion dollars before they are done.

What Are We Getting For The Money?

The popular opinion that Washington and Wall Street are promoting is that by freeing the banks of bad debt, this will in turn keep the flow of credit open, prevent more bank failures and stabilize the economy. We were warned that failure to pass the legislation would mean a drastic increase in foreclosures and unemployment and the probable failure of a lot of small businesses due to a lack of operating credit.

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