Trickle-Down Economics Strikes Little Guy Again

The Republican's economic policies are responsible for the financial crisis we now find ourselves in, policies still avidly supported by the McCain/Palin ticket.
The word "trickle," for one thing, implies an extremely slow movement, so that as our corporations and their CEOs get richer and richer, faster and faster, we the people get a very slow trickle-down effect? Anytime I have heard "trickle down" it has made a picture in my mind of standing on the lowest floor of a building, directly under a leaking toilet on the floor above. How about you?
The Bush Administration is trying to force a fast passage of the newest bailout and, I am sure, hoping that the Democrats who are questioning many parts of the proposal will be made to look like the bad guys who do not want to save our economy. Remember the rush, after 9/11, to grant broad power to George W. Bush, a time when we and our congressional representatives were angry and ready to say "Bring it on." Now we see the results of that hastiness - we are involved in two wars (Iraq and Afghanistan) while McCain sings "Bomb, Bomb Iran."
McCain, trying to look as the man in charge type, has jumped right out there saying, for one thing, that if he were currently the president, he would fire Security and Exchange Commission Chairman Christopher Cox. After three decades in Congress, he did not know that the president has no power to do that! He has then accused Obama of not having offered any plan to correct this crisis, following that accusation up by repeating many of the solutions put forth by Obama as though they were his own ideas. (He is making a career out of doing that - have you noticed?)
Obama has reacted to this crisis in a truly presidential manner, with a calm and deliberate manner, wanting to see the entire proposal put forth to guarantee that the taxpayers are being protected and that this is not just one more bailout for those who have wreaked havoc on the system and threatened the savings and retirement funds of those of us getting trickled down on.
A huge question should be asked when Treasury Secretary Henry Paulson is seemingly asking for total control of this bailout, with no review or oversight by anyone else. Why would he ask this? Do you think it might be because, until it is too late, we the people will not see that this was nothing but a bailout for Citicorp, Wachovia, etc., and that, once again, we have been royally ripped off?
From everything I have seen, heard and researched, we do not even have the money to offer a bailout estimated at $750 billion to perhaps $1 trillion, but will be borrowing the money, so count up the interest on this amount when you figure what the taxpayers (you, your kids, your grandkids and great-grandkids) will really owe. These guys were freed from regulation and as reward for their greed and avarice are leaving their positions with multi-million dollar packages.
They expect the working/middle class to bail them out so they don't, God forbid, have to sell their yachts or get rid of their 13 cars (McCain).
Incidentally, Michelle and Barack Obama are not even a two-car family - they have only one car, a hybrid. Who is the elitist here?
McCain is attempting to steal the "Change" slogan from the Obama campaign. He is now stealing the "Main Street" slogan as well and pretending to suddenly have become a populist, concerned solely with benefiting the everyday working man. Who in his right mind could believe this turnabout from a guy who less than two weeks ago said that the economy was fundamentally sound? From a guy who has been against regulation his whole career, we now hear populism? He states his expertise in foreign policy as our way to avoid another attack on our shores, but apparently thinks that there is a border between Iraq and Pakistan and that Spain is in South America instead of Europe.
Fed Chairman Ben Bernanke is advocating purchasing failing assets from the banks at "hold to maturity" values, not at the current value, which means the banks will be paid off as though the mortgage had been fully paid out. At Tuesday's hearing he stated: "We cannot impose punitive measures on institutions selling assets." Why the heck not? What he is saying is that these greedy, irresponsible corporate big shots take no loss for their actions, but pass it along to the taxpayers! A reward for mortgages and loans they never should have granted in the first place.
Sen. Chris Dodd, D-Conn., said that the Congress needs information from the SEC "sooner than 20 minutes before a meeting" to avoid a rush to judgment. Think he's right?