Why couldn't we do a Bernie Sanders bailout?

[K8-EEE]

Why did it have to be a modified BushCo plan, with the Treasury sec promoted to Czar and all the rest of it.

[Davis_X_Machina]

1. Because you need a majority to pass legislation n/t

[K8-EEE]

4. I know but the Dems have the majority

Couldn't they be goaded into voting against the corp masters?

Guess not!!

I just don't understand why it has to be some bastardized "improved" form of a Bush bill. It just loses all credibility being tied to Bush. Why can't they approach it from Bernie's perspective?

[Naturyl]

2. Bernie Sanders is amazing.

Can I get a link to his plan?

[K8-EEE]

8. Here's a petition re: what he wants in it

Crazy ideas like, tax the super rich!

http://sanders.senate.gov/petitions/?petition=Financial_Crisis_1

Ooops edited cuz I forgot the link!

[Naturyl]

9. Tax the rich? How insane!

Leave it to Bernie to come up with such madness. What's next, the idea that American people ought to get something in return for the bailout money?

Whoops, just looked a couple of points down:

Requiring that taxpayers receive equity stakes in the bailed-out companies so that the taxpayers’ assumption of risk is rewarded when companies’ stock goes up.

Bernie rules!

[K8-EEE]

10. I know! If we tax the rich, they will get mad and stop trickling on us.

THEN we'll be sorry!

:eyes:

[madrchsod]

3. why? cause there was no pay-off to the capitalists

taxing transactions cuts into profits. generating economic growth through hard asset building is so 1930`s...i mean the the people do not deserve the fruit of their labor....

[jpgray]

5. The Congress has these things called "votes"--you need a certain number of them

[K8-EEE]

7. Duh but couldn't they be goaded into voting to do a better bailout?

So they could win these things called "elections?"

[avaistheone1]

6. Well how would that help Goldman Sachs?

Paulsen racked up $100 Billion dollars of debt during his tenure as head of Goldman Sachs.
And Goldman Sachs is one of the handful of bankers who would prosper from this plan.

Money talks as always.

Congress Has 43,457,362 Reasons to Help Goldman Sachs
Embattled Firm and Its Employees Spread Millions Around Washington in Donations and Lobbying Expenses

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4098280