Let me explain Tax policy and the bailout

[ThomWV]

Despite the nonsense being spouted that some of the bad loans we will all be buying starting tuesday morning will actually turn out to be profitable we need to face the fact that it will be our taxes that pay for this bailout. China was buying our mortgages when they thought they were sound, they sure aren't going to pony up for the ones that have been certified as not sound. It will be you and I that buy the bad ones.

So where will the money come from? Possibly a tax on the financial "industry" or transactions within it? Not a chance. The required money will come directly out of payroll taxes. Who pays payroll taxes? You and me, the little folks, the ones who have no real voice in Washington. Who will not be paying these taxes? White Male Republicans who are paid in stock options, bonuses, and golden parachutes worth more than the treasury of the United States. Why will the rich not pay? Because they retain their voice in Washington and indeed they are listened to.

So its fuck you and fuck me and who the fuck are we to challenge our betters?

[Lifetimedem]

1. And their cover is

this is a BI PARTISAN bill and agreement.. each one gets to point the finger at the other.

Bush has played the fear card again.. and won !! I can not wait until he is out of office !

[unhappycamper]

2. That sounds about right.

Hooray for me and fuck you. (In case you haven't figured it out, I'm a tad pissed myself.)