No way! You are certainly onto something when you compare the current financial crisis to 911. And it is no coincidence that the Bush administration had the so-called "Patriot Act" ready to roll so soon after the 911 crimes. Keep in mind that the drafting of the "Patriot Act," with all its complex and detailed legal procedures, could not have been written so soon after 911. It would have taken about a YEAR to write it. But WHY did the government write such an anti-Constitutional act and HOW did they know to do so so far in advance?
Now, we have the financial crisis, and while your government was telling you that everything is just fine and dandy, now that the crisis is in FULL GEAR only a few MONTHS before the presidential election, they have a BAILOUT PLAN all ready to roll. The Plan, like the "Patriot Act" had to take a team of lawyers and Wall Streeters at least a YEAR to write as well.
But the Country does NOT have to go along with this REVERSE ROBIN HOOD SCHEME.
Senator Bernie Sanders has proposed a sound alternative to giving the Wall Streeters that caused the financial crisis a blank check for $1 trillion.
Senator Sanders' plan?.....
1. Ensure that middle income and working families are not the ones who are paying for this bailout by imposing a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers. That would raise more than $300 billion in revenue over five years;
2. Ensuring that assets purchased from banks are realistically discounted so companies are not rewarded for their risky behavior and taxpayers can recover the amount they paid for them; and
3.Requiring that taxpayers receive equity stakes in the bailed-out companies so that the taxpayers’ assumption of risk is rewarded when companies’ stock goes up.
Taken together these three provisions will substantially reduce the likelihood that this bailout will end up on the backs of average American taxpayers.
4. Include a major economic recovery package which puts Americans to work at decent wages. Among many other areas, we can create millions of jobs rebuilding our crumbling infrastructure and moving our country from fossil fuels to energy efficiency and sustainable energy. Further, we must protect our must vulnerable families from the very difficult times they are experiencing.
5. Repeal the disastrous de-regulatory legislation that facilitated this crisis.
6. End the danger posed by companies that are “too big too fail,” that is, companies whose failure would cause systemic harm to the U.S. economy. If a company is too big to fail, it is too big to exist. We need to determine which companies fall in this category and then break them up.
See this message from Senator Sanders.....
http://www.sanders.senate.gov/issues/cri... To sign the petition, go to this link......
http://sanders.senate.gov/petitions/?pet...