Monday, September 29, 2008

Wall Street Bailout Failure: Blackmail and Extortion by Wall Street and Leftist Democrats

Yes, on CNBC yo can see the blackmail going on here. 
 
One Wall Street leftist came on and said that it is better for the U.S. taxpayer to be buying American companies than Saudi Arabia (direct socialistic advocacy), and then went on to say that he advocated direct government investment in the stock market (even more direct socialist advocacy).
 
There is even speculation on CNBC that the stock market is being driving down this afternoon to blackmail Repulbicans (by scaring them) into changing their vote.  See my previous entry, where I referred to Barney Frank's invitation to Wall Street to engange in such blackmail.
 
Blackmail and extortion is what is gong on now, and from the beginning of the Democratic attempt to do this "bailout" package as a Federal power grab--Paulson being basically a Democrat, as I said, and the Democrats in Congress trying to take the concept and run with it.
 
And CNBC is still there trying to call people opposing this as ignorant hicks, and being responsible for job loss and economic decline.
 
BLACKMAIN AND EXTORTIOIN.  That is what has been going on here from the beginning.  What these people (Wall Street leftists and other leftists) should ask themselves is whether they are willing to drive us into an economic decline in pursuit of their socialist "solutions", or whether they are willing to look for real solutions in the free market. 
 
Of course, Democrats control the House.  94 Democrats voted against this bill.   Democrats did not have to bring the bill to a failing vote.  This is a Democratic failure in response to a declaration of free market principle by House Republicans.
 
DENIAL.  Wall Street people are STILL saying a bill "will happen".  That is what leftist and Wall Street (obviously the same thing in this situation) have been saying for almost two weeks.  How much does it take to bring reality to these people?

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