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YourHub.com \\ Denver North \\ Stories \\ News \\ Government

Bogus Billionaire Bailout to Rescue the Rich

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Contributed by: John Brick on 9/29/2008

Take note of the Congressmen from Colorado and how they voted on this issue. That is the best evidence for whose interest they have in mind.

Diana DeGette, CD1 Denver, voted in favor of this Bogus Billionaire Bailout to Rescue the Rich plan and, to hear it from her, did so "because it was the right thing to do." The right thing for who?

After the bill was voted down, Diana expressed concerns that value in the stock market would quickly evaporate. Well, this is true of course and goes without saying. Despite DeGette's sudden "transformation" into an Economist with the arrival of this bail-out bill, her summary of what would happen explains what happens in any market. A boom, followed by a bust. This happened to be a bust that was long overdue.

So despite what DeGette's well-crafted press releases might have you believe, she is not so well informed on the issue of our economy after all. How else can you explain 12-years of inaction and ignorance of the mounting crisis that was realized in the stock market today? Yes, people will be hurt by this and something should have been done much sooner by those we elect to Congress.

But for Diana DeGette, having been in Congress for the past twelve years with every opportunity to foresee and work to avoid this crisis, it is too little too late for DeGette to be entering this conversation with her "economic insight into the markets." And be careful of the stance she takes, as some kind of economic expert who can guide the economy through the tough times ahead. The markets are far too complicated for few, if any people to truly understand, and for that reason are best left alone.

Call Diana DeGette (202-225-4431) and tell her to stop working to bring a new version of the Bogus Billionaire Bailout to Rescue the Rich plan to the floor so they can try to pass it again. Ask her who she is working for- the bank CEO's or the people of Denver, Colorado, United States?

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Submitted By: Doug Wray

posted on 9/30/2008 @ 12:41:37 AM

Rated Story

Good grief, the CO GOP is buying astroturf by the mile. This is a pathetic hit attempt. Dick Wadhams and company hard at work.

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John Brick

Englewood , CO

John Brick has posted 5 stories and 1 comment since joining on 9/16/2008. John Brick 's average story rating is 1.

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