The Netroots New Favorite Congressperson
Is mine. Marcy Kaptur lets Wall Street and the Administration have it right between the eyes.
Let’s Play “WALLSTREET BAILOUT” The Rules Are… Rep Kapture
Kossack gsadamb’s diary featuring this video was a hit, climbing to the top of the Rec List. Here’s his summation of Kaptur’s demands, which can be summed up in her bill, H.R. 1452: Establishing the Select Committee on Financial Bailouts in which we let loose the hounds and frog march the perpetrators.
Wall Street and the Administration want to play the bailout game, and this is how they propose to do it:
1.) Rush the decision
2.) Disarm the public through fear
3.) Control the playing field (hide info from the public, hold private hearings, and private teleconferencing calls)
4.) Divert attention and keep people confused
5.) The goal is to privatize gains and socialize losses
She went on to rip Wall Street a new one:
You have perpetrated the greatest financial crimes ever on this
American Republic. You think you can get by with it because you are
extraordinarily wealthy, and the largest contributors to both
presidential and congressional campaigns in both major parties.
She proposed a new set of points for her game, “Wall Street Reckoning.” The basic points of this game are:
America doesn’t need to bail you out. It needs to secure real assets and property.
Federal regional reserve banks should have a new job to help renegotiate mortgages.
American people should get equity in any companies.
Major job creation to rebuild our infrastructure.
Regulate, we need a modern Glass-Steagall act.
Refinancing must return a major share of profits to a new social security and medicare lockbox.
She finished with this: “Real reform now or nothing.”
It’s a hit at DIGG TOO with almost 2800 diggs and 300 comments, more than at Daily Kos.
America, you need more like Ms. Kaptur. But you’ll have to get your own, she’s mine. But that doesn’t mean you can’t reward good behavoir!
September 24th, 2008 at 7:47 am
Sigh! My congressperson is that old Republican fossil (and former POW) Sam Johnson. Your sympathy would be appreciated.