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Forget the Banks: Bail Out the Poor

Submitted by News Desk on Fri, 09/26/2008 - 3:09pm

Ask anyone why the government doesn’t build housing for every person in this country who needs it, and you’ll get the answer you always receive. Ask why the government doesn’t turn around tomorrow and set up a universal healthcare plan and there’s that answer again. Ditto for making education and public transportation free. It’s always the same stock response: Our government doesn’t have the dough.

Yet this same government can spend trillions on two wars that were unprovoked, not to mention completely immoral. Government also has the loot to bail out banks in our current mortgage crisis. It’s already bailed out Fannie Mae and Freddie Mac. Millions of Americans are losing their homes because of predatory lending practices, and they don’t get any help. It’s not called welfare for the rich for nothing.

President George Bush, who should be facing impeachment hearings for his expensive illegal wars, wants to charge me, a working-class taxpayer, for the rescue of his buddies in the banking industry. I’m not the only one being extorted in this mess. Under Bush’s plan, every American will be expected to fork up the money to bail out financial institutions that have lined the pockets of their executives.

They get off scott-free. American workers pay the hefty price tag.

If Congress approves this latest bailout, I will be forced to help people I don’t like and who least deserve it. All in the name of keeping our economy from crashing more than it already has. An economy that has never ever benefited me or members of my family. Not to mention the working-class in general.

Bush’s bailout will be a gift with no strings attached. No oversight by the citizens of this country. No clause about paying me back. With interest, of course.

And what about tighter regulation of the banking industry to prevent this from happening again? Isn’t de-regulation responsible in part for this so-called crisis?

Do those fat cats who made all that money from the housing boom walk away from this with their millions intact? Don’t they have to face any financial consequences for what they did?

Before we bail out the institutions that preyed on those desiring the American Dream, we should be helping the people losing their homes. We should be aiding the folks who lost everything in the recent hurricanes and in Katrina.

We should be bailing out our educational and public transportation systems. We should be building affordable houses for the working-class and poor. We should be providing jobs for everyone.

The thieves who lined their pockets during the housing “boom” don’t get an ounce of sympathy from me.

Tommi Avicolli Mecca is a southern Italian radical atheist queer with a website: