Bernie Sanders on the Senate Bill

by Dollars and Sense

Bernie Sanders, the Socialist senator from Vermont, joined 24 others in voting against the bailout bill Wednesday night. He had earlier submitted an amendment that would have established a five-year, 10 percent surtax on families with incomes of more than $1 million year and individuals earning over $500,00 to raise $300 billion to help bankroll the bailout. The amendment was set aside in a voice vote.


In a statement on his web page, Sanders noted

"This bill does not deal with the absurdity of having the fox guarding the hen house. Maybe I'm the only person in America who thinks so, but I have a hard time understanding why we are giving $700 billion to the Secretary of the Treasury, the former CEO of Goldman Sachs, who along with other financial institutions, actually got us into this problem. Now, maybe I'm the only person in America who thinks that's a little bit weird, but that is what I think."

Labels: bailout, Ben Bernanke, Bernie Sanders, economic meltdown, executive pay, financial crisis, financial crisis bailout, Goldman Sachs, Henry Paulson, income inequality, mortgage meltdown

 

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10/01/2008 09:51:00 PM