from NO to YES

Bailout Plan Wins Approval; Democrats Vow Tighter Rules

Brendan Smialowski/Getty Images

After the House vote, President Bush was greeted by Treasury Secretary Henry M. Paulson Jr. outside the Treasury Department.

By DAVID M. HERSZENHORN

Published: October 3, 2008

WASHINGTON — After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law on Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history.

But even as Mr. Bush declared that the measure would “help prevent the crisis on Wall Street from becoming a crisis in communities across our country,” Congressional Democrats said that it was only a first step and pledged to carry out a sweeping overhaul of the nation’s financial regulatory system.


I would like to attract your attention to what an ordinary citizen of the United States thinks of this bill:

This is the economic version of that bill that Congress authorized to let Bush/Cheney to invade Iraq with dire consequences, This bill will have worse consequences for the ordinary citizens (middle class and poor) and US in the long-run. This Bill shares another similarity with that Bill: rushing through the congress using the fear-mongering and lies. This Bill is ill-conceived without any comprehensive analysis of the economic situation, without inputs from most experts, and certainly without inputs from the majority of taxpayers who are against it. This Bill mocks the democracy of US.

— tao, piscataway, nj

As I surfed through the web and tried to understand the reply of overall citizens to the voters of this bill I came to the conclusion that this comment could represent the idea of a large number of people.
This bill seems very unconstitutional to me; furthermore a quick review of the American history would illuminate the fact it also seems very "Unamerican"!

But let's think about the reason which made 58 representatives-33 Democrats and 25 Republicans- change their votes from a no to a yes over a week.

Mr. McCain said that lawmakers had acted “in the best interests of the nation,” while Mr. Obama warned that “a long and difficult road to recovery” might still lie ahead.

According to Mr.McCain and Mr.Obama's reaction to the Bailout if Mr.McCain should be elected as president, then the people of the United States should wait for more similar bills to pass!!!