what is going on with the bailout?

In the words of Ron Paul "if we don't do the bailout, its going to be a bad year, but if we do the bailout, it's going to be a bad decade."

The Federal Reserve is to blame. Now they are asking for MORE power? People please research the history of the Fed! It is illegal and unconstitutional. Ron Paul would abolish the Fed, IRS, INCOME TAX (thats right, NO income tax) and all the useless money draining gov't departments that rape our country through debt.

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.

• Financial institutions are “designated as financial agents of the Government.” This is the New Deal to end all New Deals.

• Then there’s this: “Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.“ Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this “sadly necessary.” Sad, yes. Necessary? Don’t make me laugh.

Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we’re supposedly presented with this November: yes or yes. Now, with a backlash brewing, they’re not quite sure what their views are. A sad display, really.

Although the present bailout package is almost certainly not the end of the political atrocities we’ll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

You can't get the truth from media outlets like CNN, FOX, MSNBC, NYTimes, Wash. Post etc... Go to www.house.gov/paul to get to know a true patriot and defender of the Constitution. Why wouldn't you support Limited Gov't / no IRS / no income tax / bringing our troops home, not just in iraq but EVERYWHERE, all the 700 bases in 130 countries need to come home. We cannot afford to build an empire when our current one is crashing.

It's another shell game, taking money from the taxpayers to line the pockets of the fatcats on Wall Street, and the cronies of the administration will be at the head of the line.

It's the government playing reverse Robin Hood again, as always, taking from the poor to give to the rich.

Instead of helping those who have lost and are losing their homes, the government in its infinite wisdom is helping the ones TAKING these homes. They want to keep the fatcats in their multimillion-dollar houses and with their multi-million dollar bonuses. The administration doesn't want to limit bonuses and golden parachutes for the executives.

Just another example of how our government just looks at the American taxpayer as a bottomless source of money for them to squander and to channel to their cronies.

If McCain is elected, we can expect to see more of the same, as he has promised to continue down the road to ruin pursued by Bush & Cheney these last eight years. He has admitted publicly that he doesn't know anything about economics, especially as his wife's accountants take care of her money.

The bailout is just thievery of politicians on the biggest scale ever seen.

My guess is that because of the outcry from the US citizens about how WE shouldn't be doing this it has been shoved underground. The elite didn't get the desired response from us so they no longer want us knowing what will happen until it is done and over with.