Thought provocative Karl Denninger video for our readers' perusal, as the U.S. House of Representatives prepares to vote on the banking industry's $700 billion bailout bill... this very morning (the Senate will reportedly vote on the bill later this week):
Don't forget to read Mr. Denninger's companion article.
For those readers who haven't yet taken action on this impending taxpayer ripoff... there's still time to contact your congresscritters and register your objections. (According to Mr. Denninger, public opinion is running anywhere from 100:1 to 300:1 against the bill to date.)
Here's a handy link through which you can contact our Utah congressional delegation about this:
Utah congressional delegation contact links
Whether you're opposed to this bill or not, we hope our readers will take action to urge our congressional delegation to take a little more time to debate and deliberate on this. As it presently stands, this bill seems to be the same type of ill-considered rush to judgment that brought us the Iraq War and the Patriot Act. At the very least, we believe all Americans should be extremely wary of any grand plan that's shoved down the taxpayers' throats, without a reasonable amount of public debate.
Emerald City lumpencitizens are painfully aware of the problems that inevitably arise, when drastic actions are undertaken by government officials without adequate public discussion, of course.
