House of Representatives Passes Bailout
After the Senate’s vote on Tuesday there was little doubt that the House would follow by passing President Bush’s and the Democrats’ socialist bailout. President Bush then quickly signed it and proceeded to praise his Treasury Secretary Hank Paulson.
The significance of this legislation can’t be understated. This is a direct step towards socialism. I don’t care how Bush or Republicans in the House and Senate who voted for the bailout try to spin it. They just took a page out of Karl Marx’s playbook. And you watch, they’ll have the nerve to get out there and call themselves free-market capitalists. Ha.
Oh, and I’ll leave you with this: The major market indices closed down today. Wall Street and Washington bullying scored a major victory today.
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