US Economic meltdown - President's latest panic scheme is not what's best for America - by Kelly Jamiso
We have seen panic throughout the Bush administration and it has never led to a good end. The military attack on Iraq was caused by a drum beat of war that included a massive misinformation campaign. The Patriot Act, which has severely undermined civil liberties, was passed without most members of Congress even reading it. Now, this bailout is being pushed in the midst of a Wall Street panic. Is it really needed? Is this the right remedy? Will this prevent irresponsible investment in the future?
There is no question that the U.S. economy needs revitalization. But, a mass bailout of the financial community will not create the new economy we need. Indeed, if hundreds of billions are spent on bad investments it will result in there being no funding available for what is needed to create an economy for the 21st century where we can all prosper. It's time we Americans took back the America that was once compassionate, caring, free and represented.
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