Well the Spin is already starting –
The Pundits are admitting that this plan simply won’t work ….. without more cash –
The Pundits are now saying the Bailout Plan will need to be “supplemented” with additional cash (100’s of Billions) to “Recapitalize the Banks” and then funding will be required to provide “mortgage assistance” to that group of troubled homeowners who might get assistance under the “bailout plan” – the Bailout will only assist 1/2 the homeowners in the Country – those who have a mortgage with a bank or institution participating in the bailout (healthy banks and institutions won’t be participating) ……..
This remonds me of an old saying – “In for a penny, in for a pound” (As in the British pound – Guess I should change the saying to “in for a penny, in for a dollar”). The point being, they’ll be back to us in less than a month for more money – telling us “you don’t want to waste your first ‘investment’ of a trillion dollars do you?”.
There isn’t just one more shoe to drop – there are at least two ….. and we haven’t even been given a preliminary price for these new shoes.
Remember – there is no guarantee that the first portion of the “Bailout” will work.
Contact your Congressperson and tell them to Vote NO today.
Contact Your Senators Here: http://www.emailyoursenator.com/senators.html Click on your Senators, Select the Contact Folder and then click on the email address.
Contact Congresspeople: http://www.house.gov/zip/ZIP2Rep.html You’ll need your zip code