Say ‘No’ to bailout

The word anger is insufficient to the moment. This bailout proposed by the Bush administration is beyond the pale. The people they are “rescuing” can make more in a day than I have made in my whole life.

After the Great Depression, safeguards were put in place to prevent another 1929-style meltdown. But Washington has made sure there are ways around any fussy rules protecting the middle class from rapacious financial pirates.

Some would blame homeowners themselves for buying houses beyond their means. But the sales pitches were relentless, and people were sold a bill of goods about how much they really could afford. We were told by the former Federal Reserve chairman that “there is no housing bubble.” But it was a bubble, and it popped.

And now people who get up in the morning early and go to work every day of the week, will have to foot the bill for their greedy miscalculations.

I say no! I will not do this! I urge everyone to call our Maine congressional delegation and say no to this despicable maneuver.

Let these crooks fail and pay for their failure themselves. This nation already is almost a wholly-owned subsidiary of the Chinese government. How much more do you want to borrow from them to ease the path for these financial snake oil salesmen? How much of your paycheck do you want to send to Washington to buy the monetary equivalent of toxic waste?

Harold B. Dowse

Cambridge