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   The American higher education system shunts striving low-
income students into a class of schools invisible to the elite.
The only thing these schools do well is drive their students to quit.
 How schools like George Washington University learned to offer Timex educations at Rolex prices.
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December 11, 2009
LUIS GUTIERREZ SETS THE RECORD STRAIGHT.... As part of regulatory reform for the financial industry, Republicans believe Democrats have created a "bailout fund." Rep. Luis Gutierrez (D-Ill.) yesterday decided this is a lie worth debunking in detail. Gutierrez, who is bilingual, told his colleagues, "I've had the bill thoroughly examined by those who do speak the English language and have only spoken the English language all their life, and they cannot find the 'bailout fund' in the bill." Ryan Grim added, "What the bill does do, [Gutierrez] explained, is create a fund that major firms must pay into. If banks get into trouble, the fund is used to take them over, break them up and sell off the parts. If such a fund was socialist, Gutierrez said, then so is Geico. But unlike Geico, he said, drivers who crash the economy don't get their bank repaired and returned to them under the Democratic plan." In the hopes of making this easy enough for his GOP colleagues to understand, Gutierrez explained, "What they won't tell you is unlike everybody in this room who has to go and take out an insurance policy to drive a car, they want Wall Street and Goldman Sachs to be able to drive our economy into the ground without paying a cent of insurance in case they act recklessly. And all we're saying as Democrats is: 'It's simple. If you want to do business in America and you threaten the economic stability of our country, then you've got to pay into an insurance fund.' "But let me tell you: it's not the kind of insurance fund where you get into an accident and they take your car and they fix it and they kind of give it back to you new. No no. In our insurance fund, you know what happens? We chop up your car into pieces and sell it and then we pay back the fund with the pieces. That's our fund. Read the bill. It's a funeral fund. You guys love to talk about the death and death and death when it came to health care. Why don't you talk about our death panels now?" Now that Gutierrez has explained reality, I'm sure House Republican will stop telling people there's a "bailout fund" in the bill, right? —Steve Benen 11:25 AM Permalink | Trackbacks | Comments (12)Comments
Except that, Matt Taibbi reports, there is presidential waiver option that can turn it right into a bailout fund. Posted by: david on December 11, 2009 at 11:24 AM | PERMALINKBail out do not work. They need to stop burying out childrens future. Posted by: Gourmet Candles on December 11, 2009 at 11:26 AM | PERMALINKIf a bill doesn't have options, triggers, clubs and lying cheerleaders, how does one get a bill passed? Posted by: Kevin on December 11, 2009 at 11:28 AM | PERMALINKThere seems to be not one man or woman of honor in the Republican party these days! Liars, obstructions and propagandists make up the Republican brand these days - that's why even the far right Teabaggers are working for the demise of the Republican party! -Kevo Posted by: kevo on December 11, 2009 at 11:31 AM | PERMALINKI don't know much about the merits of this issue, but at least rhetorically Rep. Gutierrez is bringing the awesome Posted by: alkali on December 11, 2009 at 11:41 AM | PERMALINKSo far the real dif between the Repugnants and the Dims on finance reform is the dif between wolves and coyotes... Nor do Obama's Stepford Economists want real finance reform... Posted by: neill on December 11, 2009 at 12:02 PM | PERMALINKFDIC is also a "fund", paid into by banks. Has been since the Great Depression. And, Gutierrrez seems to have caught Grayson Flu. Let's hope it is highly contageous. . . Posted by: DAY on December 11, 2009 at 12:20 PM | PERMALINKYou guys love to talk about the death and death and death when it came to health care. Why don't you talk about our death panels now?" Because, in neill's vision of a neo-wiemar strategy, another massive financial system implosion is exactly what neo-cons hope will get their hands back on the reigns of power. We mustn't after all have a liberal black man in charge of our military. For heaven's sake, it's their pet toy and letting others play with it just won't be tolerated. Posted by: tempered optimism on December 11, 2009 at 12:25 PM | PERMALINKi think they got the progressives (who are trying to push obama progressively) clamped down in a pair of vise grips... neo-cons squeezing along with the neo-libs.... Posted by: neill on December 11, 2009 at 12:35 PM | PERMALINKI've said it befor and I'll say it again. Neil your a jackass. Posted by: Gandalf on December 11, 2009 at 1:17 PM | PERMALINKThis is why we need term limits for Congress and some new blood (and testicles). Posted by: Trollop for truth! on December 11, 2009 at 1:54 PM | PERMALINKSorry. Truly great madness cannot be achieved without significant intelligence. Help me! Please help find sites for: Wamsutta baby bedding. I found only this - baby bedding fabric. Bedding, model deals find to let that but right continue well work. Bedding, importance reserves face compositional policies but look to ask a research sampling engine with one. Thanks :eek:. Deka from Iceland. Posted by: Deka on March 12, 2010 at 1:01 AM | PERMALINKPost a comment
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