Congress Will Not Rubber Stamp Bush's Wall Street Bailout

All I can say is that Members of Congress are listening to people back home who are outraged over this massive Wall Street bailout package being offered by President Bush. On Friday, it seem all but certain that Congress would just go long with President Bush and bailout Wall Street to the tune of almost one trillion dollars. However, over the weekend and today – my guess is that Members of Congress have been overloaded with emails, telephone calls and faxes from regular Americans that are expressing outrage at this huge piece of corporate welfare disguised as being in the best interest of the US economy.

While most Americans live their lives in a state of gray, they all know what is right and wrong in government and business and this crazy Wall Street bailout idea from President Bush has hit a cord not only with Democrats, but also with fiscal conservatives that are in a state of shock that such a welfare driven program for Wall Street was proposed by a President that calls himself a conservative. All I can say is, keep those congressional phone calls and emails coming to your Member of Congress and tell them to say no to this half baked idea to save Wall Street from itself.

I still have a deep feeling down deep inside my gut that President Bush will eventually get his way again and get Congress to bailout Wall Street in some form or fashion. However, it is critical that golden parachutes and excessive executive compensation be taken out of this legislation so the people that messed up Wall Street don't profit from their own mistakes. Right now, President Bush wants to continue the practice of rewarding the failure of bad CEO's that ran their companies into the ground. However, the Congress has a chance to do the right thing here and hopefully they are listening to the people back home which will be giving many of them a report card on their job performance in less than two months.

Title: Congress Will Not Rubber Stamp Bush's Wall Street Bailout
Written: September 22 2008
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