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Bush Proposes $1 Trillion Bailout To Wall Street

After one of the worst week's the U.S. economy has seen in a couple of decades (unless you're part of John McCain's campaign and think American's are a bunch of whiners), President Bush has gone socialist and against the free market to bail out Wall Street with a plan that will cost tax payers about one to two trillion dollars!

For the record, for nearly a third of that, the government could easily help pay the nearly five million late or defaulted mortgage payments, not to mention help those who have lost their homes to foreclosures.

This whole financial crisis started after then-Senator Phil Gramm (now John McCain's economic advisor) signed a law allowing lender's like Fannie Mae to dole out subprime mortgages to extremely risky borrowers.

Does the government really think this bailout will trickle down from Wall Street to Main Street? This is a sitation that needs to be fixed from the bottom up! You can't build a skyscraper without a sturdy foundation.

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Comments (3)

this man has caused do much turmoil its hard to comment on him with out being hateful

this man has caused do much turmoil its hard to comment on him with out being hateful

this man has caused do much turmoil its hard to comment on him with out being hateful

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