Lou Dobbs, on the war path
Here is the email alert about tonight's show:
Lou Dobbs Tonight
Friday, October 3, 2008
Tonight, it’s official: Both houses of Congress have passed the $850 billion Wall Street bailout that rewards massive banks and corporations for their deceptive lending practices, shady accounting and reckless, greedy transactions.
Now it’s on its way to the president for a slam dunk signature. It’s another big win for the ultra-wealthy and another insult to the ordinary men and women who make up this country. We’ll have complete coverage.
Plus:
* House members are the latest to have to explain their votes on the mega-bank mega-bailout. They love to talk about ending pork, but this bill was loaded with it.
* California’s budget crisis is worsening. Gov. Arnold Schwarzenegger sent a letter to Treasury Secretary Henry Paulson saying his state may need an emergency loan up to $7
billion. California is not the only state struggling for funding during this credit crunch. New Mexico and Massachusetts are considering cancelling large infrastructure projects.
* Congress is rushing through meaningless legislation ahead of its latest vacation, rather than addressing the major issues that matter to Americans. Congress didn’t pass appropriations bills, but instead lumped spending measures into a continuing
resolution. On the critical legislation like e-verify, lawmakers simply passed a temporary extension. And, Congress will break without passing real foreclosure relief for struggling families.
* Manufacturers, unions, and farmers groups are outraged at the way this country’s faith-based free trade policies created the current economic crisis. Today, the Coalition to Fix America's Economy will announced a proposal to revive our manufacturing sector and to make manufacturing and farming part of the economic dialogue for our presidential candidates.
(Lou - seriously - can we 'revive' a manufacturing sector that was shipped overseas to China?)
Whether you agree with his stance on immigration or not, you have to admit he's relentless when it comes to Congress, Wall Street and lobbyists.
Labels: CNN, financial crash, financial crisis, government bailout, Lou Dobbs, Wall Street
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