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Statement on Bailout

Statement

Date: Oct. 18, 2008


Statement on Bailout

By now, everyone is aware that President Bush and Congress have given Sec'y of The Treasury Paulson $ 700 billion of our tax moneys and made Mr. Paulson a virtual czar in making our economy right again.. My concerns are (1) there was a much better way of making those responsible for this mess; the ultra rich and their greed' pay for this mess rather than the American taxpayer. Chuck Collins and Dedrick Muhammad have written an excellent paper. "Ten Ways to Bail Out Wall Street, (And Main Street) Without Soaking Taxpayers In Debt!

This paper will be my guide, if I am elected to Congress, in determining who will pay for future bailouts; those responsible; not the American taxpayer!
(2) Mr. Paulson, a multi-millionaire, (worth a reported $ 700 million) is one of the culprits, along with Congress and Bush, responsible for this mess.


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