Here is the complete text of the revised (amended) Bailout Bill (Emergency Economic Stabilization Act of 2008)  as voted on by both the Senate and the House. (It’s in pdf form.  Download it, read it, learn it.)

hr3997_amnd

This is no stabilization or stimulation package, no help for the poor, the working, the about-to-lose-their-homes-and-businesses Americans.  This is yet another ploy that will ultimately make several more already wealthy citizens more money and less responsibility.  Does anyone remember just a few days back when bush was pressing us all to approve the bailout bill “expediently”?  “It needs to happen now”, I think I heard him say.  And yet here we are.. nearly 1000 points down in the market over the last week including a 508 point drop just today.

I won’t lie, I haven’t read the entire revised bill, but you can bet I will!  I don’t think that the majority of the Senate NOR the House have read so much as a single page of the bill.  Ask your!  Ask your Senate and Congressional offices to explain it to you.  I bet they cannot.  So we will have to do it ourselves.