Web Log Purpose

A web log based on the principle that a civilized society deserves democratic government based on integrity. The premise here is the U.S. democracy has effectively been subverted by oligarchical forces which must be opposed with facts and rational thought. (An RSS feed is recommended.)

Monday, September 29, 2008

"Braking" News: House Defeats Giant Bail-out Plan

Note: The title includes a play on the term "Breaking News" so beloved by TV news programs with too much time to fill and too little talent to fill it intelligently.

In a vote which stunned the major media and Wall Street, but was somewhat less stunning to the average American, the House of Representatives did the right thing today and put the brakes on the outrageous Wall Street bail-out plan put forward by former Wall Street executive, Henry Paulson. Really, this vote was the only thing the Representatatives could, in good conscience, do.

But we must not think that the oligarchs will be satisfied. They will come at this again in some form or other. We the citizens must be watchful and wary of their tactics. I advise calls of thanks to Congressmen and -women who voted against this bill.

No comments:

Post a Comment

Thank you for commenting. All comments are moderated. Your comment will be reviewed as quickly as possible. Off-topic or inappropriate will not be considered. Timely and appropriate messages are most welcome.