His lips are moving so he's lying
The following was received via e-mail from Paul Streitz -- Director, CT Citizens for Immigration Control
Posted September 25, 2008
The technique
of the Big Lie is being used once again. Remember, "Jobs Americans
Don't Want" and "Weapons of Mass Destruction."
As George Bush has relentlessly attacked middle-class Americans with his refusal to enforce immigration laws, importation of hundreds of thousands of legal immigrants, out sourcing of jobs to India and the Free Trade agreements. Now he is feigning concern for the Average American by claiming that there will be a Great Depression if the Average American does not bail out the Wall Street boys who have for years profited by selling subprime mortgages to unqualified people. The Wall Street boys always thought that the government (American People) would bail them out when the whole scheme went bust, and now they are trying to get their money back.
WASHINGTON - President George W. Bush summoned Barack Obama, John McCain and legislative leaders to an extraordinary White House summit, warning Americans and Congress on Wednesday night that failing to act on a $700 billion financial industry bailout could lead to "a long and painful recession."
Earlier, Bush bowed to Democratic demands to limit the pay of executives whose tottering companies would be rescued, and appeared to be softening his resistance to Democrats' demand that the eye-popping cost be phased in rather than approved all at once.
Democrats and Republicans were nearing agreement on the rescue legislation, the most sweeping government intervention in the market since the Great Depression, and set a meeting early Thursday to begin drafting a bipartisan bill.
The Big Lie is promoting the Big Scare.
There is not going to be any Depression. What there will be if this trillion dollar bailout is massive inflation caused by the government paying this bailout by printing money.
These obligations are owned by private companies, they should stay there, the companies can go bankrupt or not, but they can be liquidated at whatever the market value is. The loss will fall on the private companies, their shareholders and their bond holders, not on the American people.
If you have the number of your Congressman or Senator, give him or her a call. This is welfare for the rich.
Paul Streitz
Director, CT Citizens for Immigration Control
