Yesterday the House of Representatives voted a second time and passed the staggering $700 billion bailout bill. It’s all the news, broadcasters and pundits are talking about. Some suggest it’s the most important piece of legislation since the Great Depression in the thirties.
I have reams of newspaper clippings dating back to the 1930s. Today I dug into some storage boxes and began reading articles published back then. It’s amazing what a striking resemblance there is to what is happening today. With that said, I thought you might be interested in reading the Text of Roosevelt’s message asking for the bank opening law. I quote verbatim from the article (dated March 9, 1933):
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Text Of Roosevelt Bank Message, 1933 (Issue 98)
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As the presidential election draws near, there is so much going on in this country, particularly in the economy and among the candidates, it’s as if two engines are driving the news media and pundits around the clock.
This is Friday morning after the vice presidential debate last night between Sarah Palin, Governor of Alaska, and Joe Biden, United States Senator. The airways are humming with so many trying to cram in their opinions. The so-called liberal left, those touting socialism in heavy-duty doses, are all speaking negatively about Palin, while the so-called conservatives, those touting socialism in smaller doses, are supporting and lifting her up on a pedestal.
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Vp Debate & $112 Billion Bailout Increase (Issue 97)
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Attention on the Intentions of the Rescue Plan
Here it is early in the morning of Friday, September 26, 2008. Wow, what a week this has been for news, as Congress and the media worked around the clock to stir the pot, to stir the nettle of the American people. The $700 billion bailout has been the centerpiece of the frenzy, to be voted on later today by Congress.
I have listened to so many politicians and pundits this week pitching their ideas on what is happening by prefacing their remarks with, “here’s the real problem.” And yet I have heard no one express what the real problem is.
In the middle of the week, on Wednesday, September 24, I wrote a post titled, “Out of Gas, Out of Money, Out of Patience.” In that article, in one small paragraph, I explained why the bailout package would not pass. Now this morning, all the news centers around “bailout breakdown.”
This is a preview of
Congress Did Not Intend Passing First Bailout Package (Issue 85)
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