The poor American voter is speaking out loud and clear on the Wall Street bailout plan and most of them are saying that they hate it. Many wonder how the government can find the money to bailout Wall Street but leave main street out. $700 trillion to bailout the banks and greedy highly paid executives who got us into this mess is bringing the taxpayers anger to the surface.

In yet another example that American is not a true democracy the wishes of the people probably won’t be listened to by the Bush administration or by congress. The will of the vast majority of the people doesn’t mean much in present day America. Of course, American is not really a democracy in the first place. It is a constitutional republic. Now that Bush has pretty much destroyed the constitution with his imperial presidency the thugs in Washington just do what they want to do.

Fortunately, the American voter hasn’t lost all power. When enough of them pull together they can still vote the bums out of office. The passion that the Wall Street fat cat hundreds of billions of dollars bailout, likely to become trillions, is generating may be the type of event that finally wakes up the American voter. Maybe. It may be too late for many as they have become brain dead and blindly follow the party line.

No doubt that the financial industry fat cat Wall Street Bailout $700 billion plan has taxpayers really angry. It seems that the government, lead by President Bush, Treasury Secretary Hank Paulson, and Fed Chairman Ben Bernanke, can find $700 billion to bailout Wall Street but haven’t been able to find the money to properly fund healthcare, education, to rebuild the crumbing American infrastructure, or to help middle class Americans who are losing their homes to foreclosure. Well, I guess that we all have our priorities and the Washington fat cat feel that they must look after their own. Screw main street. Yet, again. Does anyone see a pattern here?

Senator Byron Dorgan says the President`s proposal to bail out Wall street is a stampede in the wrong direction. He says he agrees that Congress must act now, but that action must be smart and effective. What a pickle the politicians are in. The sheer incompetence and greed of financial industry executives and government officials has lead to a sorry mess. Something has to be done, but what? The $700 billion “cure” may be worse than letting the chips fall where they may. At least a recession would clean out the excesses of past years.

Congress must stop passing financial bills that spend money we do not have. We are already borrowing huge amounts of money from the Chinese and Japanese just to keep going. With the federal deficit estimated at $409 billion throwing all of the bailout money on top of that amount is sure to cause a lot of pain for the US.

We must begin to hold these broke Institution to a higher level than Congress. Congress feels it must pass the rescue bill quickly but is shaking at the prospect of voter blowback. Voter are really angry at this bailout mess.

Congress mistakenly bought into a belief in “unleashed capitalism without checks and balances” and was compromised in its ability to oversee Wall Street because lawmakers took financial contributions from corporate donors. The scale of Mr. Paulsons bailout plan staggered many voters who said that, while they understood the potential cost of an economic slump, the money could be better spent.

Republican conservatives objected to the size and scope of the package, while Democrats insisted on adding stronger government oversight and consumer protection. Changes were assured, but in the end the administration is likely to win approval of a massive bailout package. Republicans, their money loving greedy ways, and their corporate masters have finally done us in. The chickens have come home to roost. American under George W. Bush, a man who is supposed to be a fiscal conservative, has fallen far into outright socialism and reckless spending.

John McCain likes to spend, spend, money that the US doesn’t too. He would increase funding to the No Child Left Behind education program, which would cost an estimated $13 billion in 2013, and would boost the size of the military, a $10 billion plan. Obama also would spend more on education — an estimated $18 billion — would create an “infrastructure reinvestment bank” for $6 billion, would double foreign aid — a $25 billion expense — and increase the size of the military, which would carry a $20 billion price tag. McCain has proposed doubling Bush’s tax cuts for corporations and the wealthy, which would alone create a budget deficit of over $500 billion in 2009. To get to a balanced budget by 2013, McCain claims he will eliminate earmarks and cut discretionary spending. Yeh. Right on , John.

Fed policy today is all about bailing out Wall Street and Wall Street is sending hordes of lobbyists to DC to get even more bailout money. Federal officials took extraordinary measures after fears arose that a collapse at AIG could set off catastrophic consequences in the global financial system. Treasury prices fell as the rescue of AIG raised concern that the government would have to issue more debt to shore up financial markets.

Banking deregulation in the late 1990s allowed mortgage lenders to adopt predatory lending practices, invent things like the sub-prime loan and the mortgage-backed security. Lenders went out of their way to lend money to people desperate to get their piece of the “American dream” of owning a home.

Now, years of financial recklessness has lead to disaster. The Wall Street bailout may be necessary but the cost will likely balloon to far more than the $700 billion as complex issues develop. Of course, the government says it will eventually make money on the deal. Ha, Ha! The same people who created this mess now say they can make it into a good business for Uncle Sam.

Wall Street and our government must think that they rule over a nation of village idiots. And perhaps they do if we let them get away with this bailout.

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