The fear mongering and lack of public review in these matters is simply breathtaking. We were told on September 19th that if this didn't pass by the time Asia opened on 9/22, that "our economy could end" "payroll would not be met" "and credit would freeze solid."
As of October 2, 2008, all still seems to be functioning normally. Please submit a comment if you hear of any widespread economic collapses.
The purpose of the bill is to give in to economic extortion. We are paying a ransom to keep the Chinese and Dubai money flowing to the US Treasury. Without this money, we would be paying more for credit, which reduces asset prices - the basis of the US economy since 1982. Let's see how long it is before the next ransom payment is due.
That's the trouble with bubbles - once you start blowing, you can't stop. Eventually, the bubble breaks.
Please take the time to call/fax Senator Cantwell and express your appreciation for her courageous vote in a losing cause. She deserves the backing of grateful Washingtonians for her vote.
As for Senator Murray...
Senator Cantwell: 202-224-3441
Senator Murray: 202-224-2621
[Edit: I found this YOUTUBE of someone who "gets it." I assure you this is not me. The clip is not overly profane, but is definitely rated PG]