No Free Gift Money For the Rich

I’m calling my representative (Henry Brown) and both of my Senators (Lindsey Graham and Jim DeMint) tomorrow. I’ll have a script somewhat prepared so that I can remain coherent through my brain melting anger. What I will be expressing is that I do not want Congress giving a $700 Billion bucket of money for Hank Paulson to toss towards whichever firms he most wants to get a no-strings gift from the taxpayers. For one thing, I’d like this to be tied to repeal of the Bush tax cuts on the rich. The rich are the ones who benefit from this, so their usual canards about how they are immune from having to pay into the common good have never been more obviously false.

It’s time for the Republicans to apply that rhetoric of personal responsibility that they apply to you and me to the corporations that need our help. Companies that get this money need serious strings attached. One of my pet strings is that I’d like to see all executive salaries capped at say, $200K a year during the period they are are on the public dole. When they’ve repaid the money to the US taxpayers, they can lift the cap. Here’s Robert Kuttner’s list of strings he’d like to see. That’s a pretty good list. Rather than linking to individual posts about the unbelievable outrage of this bailout slush fund, I’d suggest reading Avedon Carol’s recent posts. I’d just be cribbing her links anyway.

Time to call your senators (here’s all their phone numbers) and representatives (find your representative’s contact info by your zip code at the top of this page).

One Reply to “No Free Gift Money For the Rich”

  1. My favorite string is the CEO credit counseling requirement. I would love to see those Armani suits sitting in a class with the poor guys who had to declare bankruptcy because of an illness. Maybe a little humiliation would set them straight.

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