CHESSNOID

I hate reading this stuff everyday. Both Bernanke and Paulson are the biggest financial idiots and should both be fired! That would be part of the solution. Spending $700 BILLION of taxpayers’ money is not the solution. I hope Congress does not approve this plan.

I agree with the skeptical senators who know these guys are frauds and so are their plans:

Some senators condemned the proposal as a bad idea, while others said they worried about taking fast action on such a momentous program.

Sen. Jim Bunning, a conservative Republican from Kentucky and a long-time Federal Reserve critic, said that he could not support the proposal.

“It will not help struggling homeowners pay their mortgages. It will not bring a halt to the slide in home prices,” Bunning said. “This massive bailout is not a solution. It’s financial socialism and it’s un-American.”

Sen. Sherrod Brown, a liberal Democrat from Ohio, said calls from his constituents about the plan have been universally negative. He told the story of one constituent who drove to Washington.

“He quite rightly asked why we were rushing to bailout companies whose leaders got rich gambling with other people’s money,” Brown said.

I hope we have some brave people in Congress who act in the best interest of the American people and kill these bills. Listen to Ron Paul in the video below:

I definitely agree with what he says.  This bail out is not the answer and will make it worse for the US economy in the long run.