Kucinich on the Bailout

“…This legislation is further proof our government has been turned into an engine that accelerates the wealth upwards. Taking money from the pockets of the people of this country and putting it into the hands of the few. That is what our tax policy does. It accelerates the wealth of America upwards. That is what the war does. It accelerates the wealth of America upwards. That is what our energy policy does. It accelerates the wealth upwards into the hands of the oil companies. That is what these financial policies do and it is how our national debt is done which had doubled in the last eight years. 700 billion dollars of the taxpayer dollars are being put on the hook.

When Wall Street makes a profit, it is their profit. When Wall Street loses money, our people lose money. 700 billion dollars. Why aren’t we bailing out those millions of Americans who are losing their homes? Why aren’t we addressing the fact that 50 million Americans don’t have any health care? It is absolutely astonishing, that we are talking about giving 700 billion dollars of taxpayer’s money which comes from the failure of the Fed, through a quadrupling of public and private debt during the time of Mister Greenspan; up to 43 TRILLION dollars. And we have no discussion at all about the underlying monetary policy….”

Read the whole thing and see the video at Shakesville. We are going to be paying for this for generations, y’all, and some of your children and grandchildren will pay by not eating and not going to school.

Axé.

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