9/23/2008

BOMA Member?


I just might have to join the newly formed group BOMA – Bail Out My Ass.

Congress is preparing an enormous $700 billion bailout in hopes of stablizing the financial markets' downward turn. I am not totally against bailouts, but Congress should also consider including homeowner rescue provisions and stricter lending regulations in any aid package for Wall Street.

But don’t expect two Senators to even show up for the vote…

From Politico:

Sen. John McCain (R- Ariz.) has no plans to return to Washington this week, even though on Monday he expressed discomfort with Treasury Secretary Henry Paulson’s trillion-dollar bailout plan and has offered his own rescue proposal.

“Sen. McCain is monitoring the situation closely,” said campaign co-manager Steve Schmidt on a conference call Monday. “We will see how this unfolds this week.”

McCain “retains his rights to evaluate it as it goes along and make a final decision,” said co-manager Rick Davis.

Sen. Barack Obama (D-Ill.) also looks like a no-show.

Senior Obama strategist Robert Gibbs said the campaign would be monitoring the process as it unfolds this week, but as of Monday, the campaign would not commit to Obama making the trip back to Washington – even though the bailout proposal has taken a central role in Obama’s stump speeches.

“It’s safe to say people will know where we are,” Gibbs said.

No, I don’t know where the f**k your candidate or McCain stands on this issue!!!

Monitoring the situation? What is there to monitor?

Believe or not, this amount will be more money than what has been spent on the Iraq War so far. Congress is about to commit American taxpayers to yet another boondoggle, and the two men who want to be the next leaders of this country can’t even show up to do the duties of the positions they are currently in?

I am sick of our politicians playing games with the lives of the American people. The two candidates don’t want to take a position on this issue because they don’t want their decision to be used against them in the future.

This is the reason Americans have lost confidence in their public officials.

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