Questions for George Miller on the Bailout!

What can you be thinking of to dare to spend $700 billion of our taxpayer dollars without holding open hearings on the plan first?

Why haven’t you listened to the advice of independent economists, instead of just listening to the finance industry’s own insider “experts” (people whose policies and actions were complicit in causing this mess, and whose industry cronies will be the main beneficiaries from the bailout).

Why aren’t you questioning the underlying premise, the idea that this credit market crisis and its effects can only be solved by a bailout to the finance industry with tax payer’s money?

Why haven’t you considered any other alternatives?

Why aren’t you forcing the immense wealth on Wall Street to bail its own finance industry out? (Including paying for the government bailouts that have already been enacted at taxpayer’s expense.)

Why aren’t you including regulations and laws to stop the over leveraged banking processes and market speculation and deceit that triggered this?

Why aren’t you taking back the bonuses, fees, and compensations from the financiers who got rich from passing off these dishonest mortgage securities?

Why aren’t you including regulations or insurance to protect the small investors and pension funds from the effects of these dishonest financial schemes?

What controls have you put in place to insure that the government would purchase the bad debt mortgage securities from the banks at an honest price matching their current value?

Why aren’t you directly helping homeowners, providing assistance with their debt burden and helping families faced with bankruptcy (instead of helping the fat-cat banks and hoping that benefit will “trickle down” to homeowners and workers)?

Why aren’t you reducing debts from Main Street (the real economy) instead of Wall Street (the financiers that speculate on the real economy)?

Why aren’t you addressing the structural changes that need to be made in the fundamental processes of our debt-based monetary system, a system that has made it possible for the banks and the Fed to hold this blackmail gun to your heads?

An angry voter from Benicia