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Wednesday, January 28, 2009

First Vote on Obama Bailout Today

The U.S. House of Representatives is scheduled to vote on the massive 1.1 trillion dollar government bailout proposed by Barack Obama today.

Included in the measure is a multi-million-dollar bonanza for Obama's fraudulent front-group, ACORN.

House Republicans are expected to vote against the measure en mass, but they admitted they simply don't have the votes to stop the so-called 'stimulus' package from being approved.

However, one of the factors fueling potential opposition to the package among some conservative Democrats is a letter of opposition to the bill signed by 200 major U.S. economists.

Contrary to the suggestion by Barack Obama and the Democrats that this measure has broad support among economists, many experts in the financial sector see nothing in the bill that will actually help the economy at all.

In fact, a careful examination of the spending measures in the bill will reveal that it is primarily a funding bonanza for liberal Democrats' pet projects...at taxpayer expense in the middle of a recession.

1 comment:

Anonymous said...

THINK ABOUT THIS!!!

1 Million Seconds = 11.5 days

1 Billion Seconds = 32 Years

1 TRILLION Seconds = 32,000 YEARS!

If we were to pay $1.00 per second toward paying off these "Bailout" and "Stimulus" packages (that equates to $86,400.00 per DAY!), it would take approx. 48,000 YEARS to pay them off.

That means we will be saddling our 'posterity' to paying off OUR DEBT for generations and generations to come. What will they think about us? Bet it won't be anywhere near the "greatest generation" from WWII.

THINK ABOUT IT LONG AND HARD THEN TAKE SOME EFFECTIVE ACTION (like contacting your Congressperson and Senators and demanding they NOT vote for this socialistic legislation) DEPENDING ON WHAT YOU THINK IS RIGHT!