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Monday, September 29, 2008 |
Michael Moore: "Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake about it: After stealing a half trillion dollars to line the pockets of their war-profiteering backers for the past five years, after lining the pockets of their fellow oilmen to the tune of over a hundred billion dollars in just the last two years, Bush and his cronies - who must soon vacate the White House - are looting the U.S. Treasury of every dollar they can grab. They are swiping as much of the silverware as they can on their way out the door.
NOTHING in this 'bailout' package will lower the price of the gas you have to put in your car to get to work. NOTHING in this bill will protect you from losing your home. NOTHING in this bill will give you health insurance.
Health insurance? Mike, why are you bringing this up? What's this got to do with the Wall Street collapse?
It has everything to do with it. This so-called 'collapse' was triggered by the massive defaulting and foreclosures going on with people's home mortgages. Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills. Let me state this simply: If we had had universal health coverage, this mortgage 'crisis' may never have happened.
This bailout's mission is to protect the obscene amount of wealth that has been accumulated in the last eight years. It's to protect the top shareholders who own and control corporate America. It's to make sure their yachts and mansions and 'way of life' go uninterrupted while the rest of America suffers and struggles to pay the bills. Let the rich suffer for once. Let them pay for the bailout. We are spending 400 million dollars a day on the war in Iraq. Let them end the war immediately and save us all another half-trillion dollars!"
WashingtonPost: "The proposed legislation, which is scheduled for a vote today in the House, would authorize Treasury Secretary Henry M. Paulson Jr. to initiate what is likely to become the biggest government bailout in U.S. history, allowing him to spend up to $700 billion to relieve faltering banks and other firms of bad assets backed by home mortgages, which are falling into foreclosure at record rates.
The plan would give Paulson broad latitude to purchase any assets from any firms at any price and to assemble a team of individuals and institutions to manage them. In wielding those powers, Paulson and others hope to contain a crisis that already has caused the failure or forced the rescue of a half-dozen major Wall Street firms and unnerved markets around the world."
10:37:19 AM 
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Yahoo: "Defense contractor CACI (KA'-kee) claims it should be immune from lawsuits alleging torture at Abu Ghraib prison in Iraq, saying it was doing the U.S. government's work as a supplier of interrogators.
The Maryland-based company and its sister, CACI Premier Technology, say in court documents that they'll ask for the charges to be dismissed next week.
Eleven U.S. soldiers were convicted of breaking military laws in the Abu Ghraib scandal but no contractors have faced charges.
CACI and another contractor, L-3 Communications, are accused in separate lawsuits of a conspiracy to torture detainees in 2003 and 2004.
Plaintiffs attorneys said the company's claim of immunity has no merit."
10:22:49 AM
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© Copyright 2008.
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