Powder Blue Report

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Friday, September 19, 2008

John Campbell Likes Bailouts

I really didn't wanna have to call out my own Congressman for selling out the conservative principles he promised to uphold if elected, but it's obvious the Congressman likes giving away trillions of yours and my tax dollars to people who made bad financial decisions. He has declared war on free markets. He announced today that he will be voting for Hank Paulson's trillion dollar bailout of his Wall Street buddies. These are the geniuses that convinced banks & mortgage brokers to package up their newly created subprime, Alt-A, negative amortizing, teaser rate loans, & every other exotic(or toxic)mortgage and securitize them them to be sold around the world. Now that they have rotted to the core and are causing massive panic on Wall Street, the Congressman thinks its a good idea to bail all of these people out with our money. Since he's declaring war on our wallets, why don't we make life for him real difficult in the upcoming election if he doesn't change his mind. He also voted for the Fannie Mae & Freddie Mac bailouts. I don't know what has gotten into him, but it's safe to say that he is no longer a friend of the taxpayer.


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