When people say they don’t understand why the American Taxpayer has to bailout Wall St., tell them to look at thier retirement savings. Here’s mine:
That’s the amount I’ve lost since July 2008–less than three months!
Democratic criticism, conservative Republican opposition, quotes I’d rather not be reading right now.
“I understand speed is important, but I’m far more interested in whether or not we get this right.” — Sen. Chris Dodd, D-Conn.
“I believe if the credit markets are not functioning, that jobs will be lost, that our credit rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover in a normal, healthy way.” — Federal Reserve Chairman Ben Bernanke
“Just because God created the world in seven days doesn’t mean we have to pass this bill in seven days,” said Rep. Joe Barton, R-Texas
“I am emphatically against it.” –Rep. Darrell Issa, R-Calif.
“You worry about taxpayers being on the hook?” he replied at one point. “Guess what — they’re already on the hook.” — U.S. Treasury Secretary Henry Paulson
“This massive bailout is not a solution. It is financial socialism and it’s un-American.” — Sen. Jim Bunning, R-Ky.
Quotes are from: “Bernanke: Recession certain without bailout“, By Julie Davis and Jeannine Aversa, The Associated Press (denverpost.com)