Wall Street Bailout Death Match

In one corner, the "free-market" conservatives oppose government regulation and oppose the $700 billion Bailout of WallStreet, and want less regulation and more corporate tax cuts, on the Left progressives oppose the Bush bailout as well, but want more regulation and increased taxes on the corporate rich and government assistance to homeowners and the middle class.

It almost looked like the Democratic "Leaders" in Congress were about to bailout Bush and Wallstreet by going along with a revised plan, but John McCain and House Democrats sabataged the plan with a new plan to CUT corporate taxes and CUT regulation more.

I'm afraid the Democrats were about to be out manouvered by the GOP once again. It is looking like McCain and House Democrats are going to try to take the "populist" banner by opposing the Bush plan and leaving Democrats to blame for supporting the "socialist" Bush/Paulson plan. It seemed like the conservative Republicans have been the most outspoken opponents of the Bush plan, while the Democratic Leaders (Pelosi/Reed) were left defending some version of the Bush plan.

Some progressive Democrats have been speaking out against the bailout plans, but they have not been as vocal as the conservative Republicans.

Obama should NOT allow McCain and the GOP to take the populist position and link him to the Bush bailout of Wall Street!

The Democrats need to follow the example of Sen. Bernie Sanders and offer a progressive alternative that will put the burden of any "bailout" on the corporate rich rather than the working class.

THIS DEBATE ON HOW TO DEAL WITH THE BUSH ECONOMIC CRISIS SHOULD BE A DEBATE BETWEEN THE BASIC PRINCIPLES OF CONSERVATIVES VS. PROGRESSIVES! WHO SHOULD PAY? WHO SHOULD BENEFIT? The Corporate Rich or the Working Class?
This is the basic issue that divides Liberal/Progressives and Conservatives! The Democratic Party MUST defend the liberal/progressive principles and not compromise to help bailout Bush and the Republicans! This is THEIR economic crises, the consequences of their policies (deregulation and corporate welfare) and as painful as it may be, the American people need to feel the pain of "free market" capitalism! Then maybe we can have a movement for democratic socialism and dump the corporate two-party system!

Watch Socialist Bernie Sanders take on right-wing capialist (corporate socialist!) Larry Kudlow on CNBC!



Sander: Wealthy Should Pay for Bush Bailout

UPDATE:
McCain Plays Bailout Spoiler

Bailout Plan Breaks Apart

FDIC Seizes Washigton Mutual: Largest Bank Failure in History!

The "Free Market" is Dead

So much for the "free-market" capitalist propaganda usually supported by the American political and media elites.

U.S. BENDS THE RULES OF FREE MARKETS

Conservative Republicans Finally admit "The Free Market Is Dead"

After years of preaching the gospel of "free market" capitalism to other countries, the U.S. is now "nationalizing" U.S. financial industries!

It's amazing how the corporate rich oppose any "government handouts"
for the working class or the poor but love it when the U.S. government (we the taxpayers)
bail them out. Funny how we never have money to insure healthcare for everyone,
or free college education like most European countries, but conservative Republicans
always find money for the military-industrial complex and their corporate financiers.
Why not provide some of this "socialism" for the American working class?

Here's a Democratic Socialist response to the economic crisis from Sen. Bernie Sander's

Read Sen. Bernie Sander's Statement Outlining a progressive response to the crisis HERE.

Watch a Video HERE

Read the Democratic Socialists of America's Economic Justice Agenda

Socialist Senator Makes History

Here's a great article about Senator Elect Bernie Sanders (Vermont) on the BBC Socialist Senator Makes History Too bad we only have ONE socialist in the U.S. Congress, most advanced countries have viable socialist parties! Another reason to move to Vermont--the next best thing to Canada! If you are interested in building a socialist movement in the U.S., check out the Democratic Socialists of America, which Bernie Sanders is a member of. It's not a political party, but is trying to build a progressive Democratic Left in the Democratic Party--make the Democratic Party a REAL DEMOCRATIC Party. There is also a Socialist Party in the U.S., but the two-party system in the U.S. makes it impossible to have a viable third party at this time. As many of you know, I sometimes get so frustrated with the Democratic Party I threaten to join the Socialist Party, but I'm going to give the Democrats another chance and a little more time.