Are you kidding me?
700 billion dollars? No questions asked?? Good lord, if this happens, it will probably be the greatest abuse of power since the days of the robber barons. And people still don't think Bush is consolidating power in the executive Branch? Un@#$@()real.
And if one single penny goes to corporate executives, there needs to be a rebellion. They have millions in personal wealth, unlike all their employees who will join the ranks of the unemployed. Shouldn't there be some penalty for failure? You run a company of long standing reputation into the ground and expect to walk away with a bonus? Congress has been talking about limiting executive pay. Limit their pay? Hell, dock their pay! They can work for free until the economy is back on its feet.
"But the middle class needs credit!" What kind of a stupid ass statement is that? The middle class needs to be in debt to corporate America? No they don't. They need to live within their means and they need energy, gas and food prices to come down to make that at least theoretically possible. Why don't you just take the $700 billion and divvy it out? That's roughly $2300 for every man, woman and child in the U.S (roughly 303 million by latest estimates). I know this household wouldn't mind an extra $4600.
Why Congress Objects To The Bailout Plan at npr.ogr
Rachel Maddow on the Wall Street Bailout
Larry Kudlow is a socialist?
HT: Greg Prince