Help - Search - Members - Calendar
Full Version: Congratulations, Corporate Crime Fighters! Coup Averted for Three Days!
Randi Rhodes Message Board > Main Forums > General Discussion
Stoon
QUOTE
Friends,

Everyone said the bill would pass. The masters of the universe were already making celebratory dinner reservations at Manhattan's finest restaurants. Personal shoppers in Dallas and Atlanta were dispatched to do the early Christmas gifting. Mad Men of Chicago and Miami were popping corks and toasting each other long before the morning latte run.

But what they didn't know was that hundreds of thousands of Americans woke up yesterday morning and decided it was time for revolt. The politicians never saw it coming. Millions of phone calls and emails hit Congress so hard it was as if Marshall Dillon, Elliot Ness and Dog the Bounty Hunter had descended on D.C. to stop the looting and arrest the thieves.

The Corporate Crime of the Century was halted by a vote of 228 to 205. It was rare and historic; no one could remember a time when a bill supported by the president and the leadership of both parties went down in defeat. That just never happens.

A lot of people are wondering why the right wing of the Republican Party joined with the left wing of the Democratic Party in voting down the thievery. Forty percent of Democrats and two-thirds of Republicans voted against the bill.

Here's what happened...

Full article:
http://www.michaelmoore.com/words/message/index.php?id=236
lipsticklobotomy
James Terry, Chief Public Advocate for the Consumers Rights League (CRL), released the following statement expressing disappointment that the compromise bill before Congress does not protect taxpayers by repealing the previous bailout provision that ensures hundreds of millions of dollars for organizations like the Association of Community Organizations for Reform Now (ACORN) which is engaged in questionable practices and the potential misuse of public funds:
James Terry, Chief Public Advocate, Consumers Rights League (CRL):
"Even with the removal of the ACORN provision from the current compromise bill, ACORN will still reap a windfall from this financial crisis. The first bailout bill passed a few weeks ago is already pumping what will eventually be billions of dollars into a slush fund to benefit organizations like ACORN and its affiliate, the ACORN Housing Council (AHC).
"I am disappointed that, as part of the latest economic rescue package, the House and Senate negotiators did not safeguard tax dollars by demanding full repeal of language -- currently law -- that rewards the questionable practices of ACORN at the expense of hardworking taxpayers.
"These groups must be held accountable for not only their histories of questionable practices but for how they will spend this massive cash influx funded by American taxpayers. Appropriate oversight has not been established and the opportunities for fraud within ACORN are rampant.
"In recent months alone, the chief organizer of ACORN was forced to resign over the cover-up of a $1 million embezzlement scandal involving his brother. As internal whistleblower documents recently revealed, ACORN and its offshoots may have reaped substantial financial gains by misusing taxpayer dollars for political ends and by attacking lending corporations for the same so-called 'predatory' lending practices ACORN regularly engages in. In 2008 alone, ACORN's voter registration activities have spawned investigations in almost a dozen states, sometimes involving tens of thousands of invalid or fraudulent registrations.
"The continued existence of this slush fund is an insult to all of the consumers who have lost so much in this crisis. ACORN and its affiliates should be investigated, not rewarded."


http://www.marketwatch.com/news/story/crl-...}&dist=hppr
TapDuncan
I recommend every one sign up Michael Moores' newsletter, especially now, he makes really great points about our current situation.
CowboySteve
Notice that the market did a 50% "rebound." Amazing. The Fed must have sluiced BILLIONS into it today to make it reinflate.

Look for the threads on OTHER undercover bailouts, and you'll see - we just cut off one head of the hydra.
Seeker1
QUOTE (lipsticklobotomy @ Sep 30 2008, 02:21 PM) *
"The continued existence of this slush fund is an insult to all of the consumers who have lost so much in this crisis. ACORN and its affiliates should be investigated, not rewarded." [/b]


ACORN is a solid community organizing group (there's those two words again) that helps minorities and poor people register to vote, as well as become homeowners.

Why are you scapegoating them? You know the right is already starting their familiar demonization program against them in order to disenfranchise the voters they register.

They're on board opposing the bailout, asking for help in fighting foreclosures instead.
http://www.acorn.org/index.php?id=2716

These people are on our side. Don't spread around the RW propaganda against them.

BTW, check your sources. "Consumers' Rights League" is actually an astroturf group representing predatory lenders, not consumers.

http://www.examiner.com/p-120088~_Consumer...rotections.html

They actually fight against consumer protections - some consumer's rights organization!




TapDuncan
Seeker--Yeah the people who help the little people are bad, the people who help the rich are called republicans.
5by5
That speech by Marcy Kaptur on the House Floor that Mike linked to was priceless:

http://www.youtube.com/watch?v=S27yitK32ds

Love her. biggrin.gif
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2009 Invision Power Services, Inc.