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:rofl:
Patriot Act, Alien and Sedition Act, Jim Crow Laws, Helms Burton Act, Lincoln's suspension of habeus corpus, the imposition of martial law to break strikes multiple times from 1880-1910, Truman passing a law to seize striking steel mills during the Korean War, Landrum Griffin Act...
I could go on, but seriously?
Raising the FDIC coverage for average American's, only $250 of the $700 is available for use without congressional approval, none of the money companies receive can be used for executive pay...only for stabilizing their assets, governmental participation in ownership (a way to recoup funds), risk based premiums insurance program, and the creation of an oversight board.
How is that fascism? If anything, its moving left of liberal capitalism.
While I do think there are things wrong with the bill.... -no governmental coverage of banks: will they continue to loan $? -oversight board is led by the people who fucked it up in the first place
....they had to do something. And as Obama has said, this is step 1.
So if you plan on punishing him at the polls, I guess you won't get to see steps 2 through thousands. He's outlined quite a few already that are great, democratic, and populistic.
-Windfall profits tax to pay for $1,000 tax credit to families of 4 or more. -$50 Billion dollar relief payment to prevent states from canceling health services in order to maintain a balanced budget (which is more important at the state level). -Permanently increase the FDIC insurance level (though he has not said to what amount). -$500 dollar credit to small businesses to help them pay both sides of the payroll tax. -Sign the Employee Free Choice Act into law. -Reverse NLRB decisions that wrongly classified thousands as "supervisors" in an attempt to prevent having to protect them under federal law. -Raise the minimum wage -Universal Mortgage Tax Credit for those making under $50,000 -Sponsor (which he is already doing) the STOP FRAUD Act...the first in US history to define mortgage fraud and allow for prosecutions. -Create a loan disclosure board -Improve the credit card rating system
I mean, lets punish him so all the things we believe in (and he does to, obviously) can go to waste as we get our new President McSame to pass more deregulation law.
The bill may suck, you may hate it, but whether you will admit it or not, national polls have showed that while the majority believe it is horrible that we're bailing out the fat cats, the majority also believes it is necessary to stabilize the economy.
Pick your poison.
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