Political Football

SAY NO TO BAILOUTS!!! 

this is nuts - can I have a billion? 

Let’s see if I have this right. I, and millions of my fellow citizens, in addition to our other burdens, will now be asked to bail out the American automobile industry, which has fallen on hard times. No less a pair of automotive authorities than Nancy Hot Rod Pelosi and Harry “High Octane” Reid have said so.

Now wait. Did I miss something? I don’t see where Honda, Toyota or Nissan are begging for salvation. Mercedes seems to be in business. BMW is still moving cars. Even Rolls continues to transport the Saudi royals. This seems to involve the American companies only - GM, Ford, and what’s left of Chrysler.

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It is the story of our lifetimes: a financial crisis is underway and getting worse. As the recession deepens, our jobs and savings are threatened, and our children and grandchildren will probably live in a country with lower living standards and fewer opportunities than what we have enjoyed. America may be reduced to the status of a second- or third-rate economic power, dependent on international agencies like the International Monetary Fund and Arab governments for investment dollars and foreign aid handouts.

However, the looting of the taxpayers, which was initially $700 billion for Wall Street and has now ballooned to an estimated $1.8 trillion and is not over yet, was not labeled as corruption by our media. Instead, it was called a “rescue” and was demanded by many anchors and reporters. We were told it would stabilize the markets and help ordinary people. It didn’t.

Kevin Howley, Associate Professor of Communication at DePauw University, says this was deliberate propaganda on their part. He comments that “…the phrase ‘bailout’―with its connotation that the government is letting Wall Street off the hook for questionable business practices―has given way to a far more agreeable term― ‘rescue plan.’ This phrasing appeals to the basic decency of the American people and suggests that we’re all in this thing together.”

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