Friday, October 3, 2008

Sen. Bernie Sanders on the bailout bill

Of course, who cares what Bernie Sanders thinks? After all, he's a socialist and they are always wrong. Capitalists are always right. We've always been at war with Eastasia. The fundamentals of the economy are strong. Etc.
“If a bailout is needed, if taxpayer money must be placed at risk, if we are going to bail out Wall Street, it should be those people who have caused the problem, those people who have benefited from President Bush’s tax breaks for millionaires and billionaires, those people who have taken advantage of deregulation who should pick up the tab, not ordinary working people.” Sanders had urged a modest tax on the wealthiest Americans to pay for the bailout; a five-year, 10 percent surtax on families with incomes of more than $1 million year and individuals earning over $500,000 to raise $300 billion to help bankroll the bailout. Senators, however, set aside the amendment on a voice vote.
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