Ok, this isn't just a Queen City issue; it affects all Americans.
Call Your Member of Congress and politely suggest that giving Hank Paulson 700 billion dollars is insane. Use "The Google" to find their numbers, or call the House switchboard at: (202) 224-3121.
Many are saying that this proposal is socialist. It is most definitely not socialist. Paulson and the Fed are NOT discussing egalitarian economic rights for all; they are NOT promoting an economic system that redistributes corporate profits to all citizens. No, this plan is closer to economic fascism (corporatism) -- that is, financial entities operating underand profiting from corporate welfare. This plan will forever change the face of our economic and political systems in one swoop.
Read more on why this plan is a travesty at Naked Capitalism: "Why You Should Hate The Treasury Bailout Proposal."
Update 9/23 - Bank of America Says "Paulson Plan Benefits Mostly Goldman, Morgan" . Wonder how Wachovia views the bailout?
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