What can a voter believe — what rescue?

Editor:

The 700 billion dollar “financial rescue bill” recently passed by Congress should have been reviewed by a fifth grader before it got to Bush. At least then, we might have had a chance. The Arizona Star rightfully pointed out on Sunday Oct. 26, that the “troubled asset relief program” (TARP) is the centerpiece of this legislation. Section 109 of this legislation states, in my condensed words, “the Secretary of Treasury shall implement a plan to review, negotiate and possibly adjust upside down home mortgages between lenders and homeowners...” Not a word has been forthcoming.

McCain states he wants to spend 300 billion taxpayer dollars to pay off banks to adjust upside down home mortgages to today’s market values. A noble thought, but blatant socialism. At the same time, Palin screams that Obama is a socialist who just wants to “spread the wealth” with his proposed tax plans. Two lost souls.

Obama decries that supply side, or “trickle down,” economics is a failed strategy. The excess of which got us into this mess.

Then Sec. Paulson decides to hand out 250 billion taxpayer dollars to major banks, with no strings, just keep the “big” credit picture going.

A “trickle down” bonanza for Bank of America, who told “60 Minutes” they did not want or need the money. Not a word or question from Obama. Maybe he flies too high!

What can a voter believe?

Richard Robertson, Retired, Green Valley