Summary of My Positions Regarding the Financial Bailout
I firmly believe that no American firm should ever receive a financial bailout on the backs of the taxpayer, except in the case of extreme threats to national security. For example, if a defense contractor was on the verge of bankruptcy, and this contractor made a defense component that the competition couldn't make, and that component was essential to our national defense, I would consider this to be an "exceptional situation."
Please click on the image of my book as it will take you to my "bailout book" webpage.
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I believe that the Bailout Bill that Kay Granger voted for (HR 1424) was passed by the congress primarily because all American recipients donated heavily to politicians, including Kay Granger. Never forget that certain firms were bailed out, and certain ones like Lehman Brothers were allowed to fall into bankruptcy. I wrote a book on this subject titled Everything You Ever Wanted To Know About The Bailout Fraud, and I hope that everyone will read it for free by clicking the link on my homepage. The actions taken by politicians like Kay Granger will make your hair stand up, especially when you realize that it was you who paid the bill.
I believe in a Capitalist system. If a business fails, it fails, and the owners have the responsibility of satisfying their creditors and declaring bankruptcy. The taxpayers do not have this responsibility, regardless of how much filthy campaign cash makes its way into the pockets and campaign funds of vile politicians. What a deal for Goldman Sachs. Donate about $3,750,000 to various politicians in the 2008 election cycle, and like magic get tens of billions in cash from the government directly, and the government’s repulsive conduit AIG, which I will detail in this section.
The entire cause of this is because American banks were forced by Democrats to lend money to people who shouldn't have received mortgages based on their income, assets, or credit history. These loans were made based on race and race alone. I prove this in my book by quoting numerous politicians. It's a complex chain of events; however, my book details it all.
I fully understand that campaign contributions and affirmative action are the root causes of this entire mess that has been thrown into the taxpayer’s face. I touch on campaign contributions in this section, as it's clearly linked; however, it's such an important issue I have a totally separate section devoted entirely to it. I promise that I will introduce legislation eliminating the insanity of corporations donating millions of dollars to politicians. I know, it's just a coincidence that these same corporations always seem to get favorable treatment and contracts. The result is that these greedy politicians couldn't care less about acting as good custodians for the funds of taxpayers.
Click Here for a Detailed Analysis of My Position on the Financial Bailout
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