The newest smear campaign from the McCain out of control campaign is to call Barack Obama a socialist. They claim his sound bite to "redistribute" wealth makes him a marxist. This, of course, is not true and, of course, they know that but they feel if they can scare you enough maybe, just maybe, you will not vote for him.
Notice the line about "American subsidiaries of foreign banks". That is code word for foreign banks, in some cases owned by or run by foreign governments, will be getting YOUR tax dollars in a hand out. In a September 21 piece on The Command T.O.C blog, I warned this would get used to bail out foreign banks and now, here it is. Remember, log this day, these are REPUBLICANS doing this. It is a REPUBLICAN administration who is administering these dollars.The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
And there you have the real sad and honest truth; this facade the Republicans, controlled by the neo-cons have put up over the last few years called "globalization" has led to this. Read that quote again: "U.S. firms controlled by foreign banks or companies"."Referring to U.S. subsidiaries of foreign companies, Bartlett said, "This is a global crisis and to not recognize the U.S. firms controlled by foreign banks or companies would create further impediment to the market's recovery."
Can you believe this? He is meeting with "hedge fund managers" who are petitioning for assistance. F**k the hedge fund managers! They are punks and low lifes and for all I care they can die on the street homeless and hungry. They have caused this mess. They are now at the Government tit looking for a hand out? I remember when we were discussing the huge tax advantages these punks have and the story from the far right loons was that they are "hard working" and "providing capital" so they should get benefits. Well, they got their benefits and now they should just go away.A financial industry official said Treasury Secretary Henry Paulson met over the past week with various groups, including hedge fund managers, that were petitioning for assistance. The official spoke on condition of anonymity because the Treasury has not made a decision."
- What part of this bail out will help YOU keep YOUR home?
- What part of this bail out will help YOU RETIRE on time?
- What part of this bail out will help YOU pay for YOUR Medical bills when something goes wrong?
- What part of this bail out will help YOU get a JOB when unemployment hits 10% plus?
















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