The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Senator Graham: Paulsen mislead us. Didn’t buy troubled mortage assets with the bailout money as promised.

Posted by iusbvision on February 16, 2009

Today on Fox News Radio Senator Lindsay Graham said when we here at the IUSB Vision have been saying for weeks. The vast majority of thiese trillions are being spent for either corruption reasons or political reasons, not economic ones. 

When the first bailout came the government promised to buy bad mortage assets to help people who were in trouble, renegotiate the mortages for those people which would also help out the banks. Instead Hank Paulsen handed out billion to banks he picked to be winners, and denied banks he chose to be losers so the banks who got billions of your money could buy up their competitors and get richer in the process.

See our links HERE, HERE, HERE, HERE, and HERE.

The Federal Reserve, Treasury and now the Democrat Congress (democrats have been in control there for 3 years now) have/are spending trillions and so far not one bad mortgage asset has been bought. The stimulus bill spends almost a trillion dollars and even though small business creates 75% of the jobs in the United States, only 3.5% of the stimulus is there to help small business. Instead theya re gioving billions to political cronies and wall street and hoping it will trickle down to the rest of us….. or trickle back to the Democratic Party in kickbacks.

We hope to get a copy of the audio from Senator Graham to post here. In the mean time, we welcome Senator Graham (whose leadership is often inconsistant) to the club.

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