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Description of bailout plans by senators

Posted by smeddum on October 1, 2008

Descriptions of bailout plan
By The Associated Press – Sep 23, 2008
Some Senate Banking Committee members’ descriptions of the Bush administration’s $700 billion proposal to bail out the financial industry.
_ Stunning and unprecedented in its scope and lack of detail. — Sen. Christopher Dodd-D-Conn.
_ Does nothing to address the root cause of the crisis. — Sen. Richard Shelby, R-Ala.
_ A necessary evil. — Sen. Tim Johnson, D-S.D.
_ A full-scale intervention of our country’s free markets. — Sen. Michael Enzi, R-Wyo.
_ $700 billion to keep CEOs in their office. — Sen. Robert Menendez, D-N.J.
_ Financial socialism and un-American. — Sen. Jim Bunning, R-Ky.
_ A huge sum of money. — Sen. Daniel Akaka, D-Hawaii.
_ Appears incredibly expensive and hastily concocted. — Sen. Elizabeth Dole, R-N.C.

Copyright © 2008 The Associated Press. All rights reserved.

4 Responses to “Description of bailout plans by senators”

  1. sandysays1 said

    Obviously you’re concerned about what’s happening in DC. Please see my blog. It’s urgent that we send a message to the Senate they aren’t going to get off free by rerouting the bailout bill their to avoid retribution in November. There are some tools to help do it.

  2. inthesenewtimes said

    We want to publicize your blog, Sandy, but you haven’t put a link.

  3. smeddum said

    I found it on google http://sandysays1.wordpress.com/

  4. sandysays1 said

    Thanks – We need to fight this!

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