Bail out wounded veterans not Bear Stearns

Reid Calls Bear Stearns `Bailout' Unfair to Taxpayers (Update1)

By Laura Litvan

March 17 (Bloomberg) -- Senate Majority Leader Harry Reid, a Nevada Democrat, said a decision by the Federal Reserve to provide as much as $30 billion to JPMorgan Chase & Co. to help it buy Bear Stearns Cos. is a ``bailout'' unfair to taxpayers.

``The Federal Reserve's latest actions appear to shift large risks to taxpayers, who may find themselves on the hook for billions in worthless securities,'' Reid said in a prepared statement. ``The public has a right to know why President Bush and his administration believe this bailout is necessary and what steps they are taking to both protect taxpayers and to hold accountable those whose bad decisions led to this crisis.''

Look how fast Bush moved on this. Do you think he could move that fast for the sake of the "troops" he keeps saying we all need to support? What about the wounded veterans and soldiers coming back without income while they have to wait for claims to be approved and still have bills to pay with no income? I'm sure the tax payers would rather their money go to helping the wounded veterans he keeps making than to his rich pals who have been sucking the life out of the rest of us with his tax breaks at the same time he managed to have two occupations killing and wounding the troops he sent then forgot about until he needs more to send. He bails out the jerks who did this to people who are going to end up losing their homes and yes, a lot of them are veterans. Poverty went up with him not caring and so have the numbers of people being homeless. With people paying more for everything and making less to do it with, you'd think we would have someone in charge who cares about doing the right thing for the tax payers of this country, because aside from it being the right thing to do with our money, it's our money! Remember when he said the money needed for the VA was too much money? He had a problem with spending our money then but he has no problem taking care of the rich. If you want to know why the veterans and everyone else in this country is having a hard time, ask them about their bank account and you'll know why. He only cares about rich people. Iraq is still going on because of the contractors and everyone knows it. Peace is just too damn expensive for them. There is no money in peace for any of them. The wounded soldiers are an expense to them they are not willing to pay for. This is why they have no problem coming up with the money to keep Afghansitan and Iraq going on and on without end but always have a hard time taking care of the wounded and the widows.

$30 billion? What would that do to help veterans or any of the people who are going to get kicked out of their homes?