SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?


To: Who, me? who wrote (6915)10/3/1998 5:07:00 PM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 67261
 
Who me, thankfully we have in the US House some solid members like James Traficant, who are onto the incredible waste being footed by US taxpayers. You are right, its incredible that the voting public sits by dumbly while Clinton throws their own money around for his political grandstanding.

You are also right that the US citizen has gotten exactly Zero benefit from this largesse. With the possible exception of Thailand and Korea, the IMF bailout packages have done absolutely no good except to provide corrupt politicians with a "golden parachute" as they retire to their luxury country villas while their fellow countrymen suffer the results of their perfidy.

I also say let the Russians be reduced to true humility, and then and only then, we can send consultants over there to show them the proper way to run a capitalist country: Conservative lending practices, Conservative financial ratios for publicly held companies, etc. Did you notice that last week the Russian equivalent of our head of the SEC was fired? He hadn't did a thing except draw a salary during his tenure. He probably didn't have any backing from his higher-ups for meaningful reform anyway.

I also could care less if the ruble goes to zero. If Russian people begin to starve and die in the streets, then we can drop them some wheat, corn, and soybeans grown on US farms. I'm not opposed to humanitarian aid, but this funneling of billions into corrupt politicians pockets is an outrageous abuse of the US taxpayer.

So far the US House will only approve $3.5 billion to give to the IMF, while the Senate has magnanimously approved $18 billion. Let's hope that people like US Congressman James Traficant continue to speak up on the floor of the US House, urging his fellow Congressmen and Congresswomen to hold the line.