- As he heads out the door, George Bush is tossing a $2 Trillion gift to superrich Republican donors –the bailout of the financial sector.
- Democrats should therefore impose a $2 Trillion "George W Bush Income Surtax" on the Superrich to pay for the Bailout.
- The grassroots Democrats should let our Members of Congress and the Democratic Leadership know that we will vote en masse for Ralph Nader if the Democratic Congress does not impose the surtax – i.e, if it lets George W Bush dump the $2 Trillion cost of the bailout onto us.
- Looking back over the past 8 years, it is amazing how Democratic members of Congress have allowed themselves to be rolled –even though they have had a near majority in the Senate for much of the time.
- A $2 Trillion tax cut for the superrich – much of which went to create jobs in China, not in the USA. $1 Trillion for an unnecessary war in Iraq to grab oil deposits for Houston –and the eventual costs will be higher.
- Hundreds of $Billions per year for military spending –more than the rest of the world combined. Over 8 years, $Trillions for "defense" even though most of the other major military powers are our NATO allies. Military spending needed to support a global empire in which the profits flow to the superrich few while the staggering costs –in blood and money –are dumped off onto the common citizen.
- Obviously, the $5 Trillion federal Surplus George W Bush promised us in the 2000 campaign has disappeared – instead we have a debt that is $4 Trillion more than what he projected in his 2001 budget statement.
George has avoided popular outrage by slowly stealing roughly $3 Trillion from our Social Security /Medicare accounts. We paid the money in – he took it and spent it. He left $3 Trillion in Treasury bonds –which are NOT "assets". They are debts that We are on the hook to pay. A total of $10 Trillion in debt –not counting the financial Bailout.
- Our economic problems will get much Worse in the next two years. Because George W’s con of maintaining the appearance of prosperity by drunken spending of $5 Trillion in borrowed money is not sustainable. Especially since George W didn’t invest much of that borrowed money. No real investments in alternative energy sources, for example. A major recession during the first two years of the Obama Administration is
almost certain.
- Given the above, why let George W bail out his Superrich buddies from their casino game on Wall Street? If a $2 Trillion bailout is necessary , then make the irresponsible people who caused this mess pay for it. Make them pay for the incompetence of the puppet They put in the White House.
- The Democratic Congress should refuse to allow the Bailout until it is paid for by imposing an income surtax on the 3 percent richest part of the population. A surtax which will raise $2 Trillion over the next 4 years.
- We, the grassroots Democrats, should let our Members of Congress and the Democratic Leadership know that we will vote en masse for Ralph Nader if the Democratic Congress does not impose the surtax – because it will thereby be dumping the $2 Trillion cost of the Bush Bailout onto us.