Wednesday, October 1, 2008

$700B Bailout Rescue Plan Intended For Foreign Investors, Not You (CNBC Video)

It has been reported on CNBC (Kudlow & Company) that the reason for the mad rush to pass the $700B Paulson Rescue Plan is to bail out the foreign investors that are holding the troubled assets. Forget about saving the American people and the faltering economy. That has never been the intention. The truth about the bailout is that Bush and Paulson have been politically pressured to save the foreign central banks! We have been lied to once again by our government. How long can we stand for this?

Remember that the U.S. is a debtor nation as we borrow massive amount of money from China, Japan, and Europe. The U.S. has no choice but to succumb to foreign demands as Europe and other international countries have also been hit hard by the credit crisis. Guess who is collecting the garbage? We are. The U.S. taxpayer is basically one giant trash can! So if you are outraged by this and still haven't signed the petition, please do so now to stop the revised bailout plan that the Senate will be voting on tonight.

""Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen." - Brad Sherman , D-California"

Related Posts:
Taxpayers to Congress: STOP THE $700B BAILOUT!
Peter Schiff on the Financial Crisis and the $700B Bailout
The Collapse of America in Three Minutes (Video)

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