What should the Democrats demand for the bailout of Wall Street? [View All]

http://abcnews.go.com/Business/Vote2008/story?id=5839134&page=1

"Washington officials have decided that the country's financial crisis is too big and too urgent to fight piecemeal and are working on a massive government bailout that could cost taxpayers as much as $1 trillion.

...

"We know $500 billion or $1 trillion, that's a lot of money. And sooner or later it's going to visit the taxpayer. Sooner or later it's either going to be a debt charged to all of us to our children," (Republican) Shelby said."


If the Democrats are going to be party to this, they better:
(1) Demand far greater regulation of industry
(2) Demand higher taxes for those who will benefit from this bailout, especially those earning huge incomes or who have huge portfolios
(3) Demand severe tax penalties for corporations that move their headquarters offshore to avoid taxes
(4) Demand direct help for those in danger of losing their homes
(5) Demand substantially increased investment in areas that were damage by Katrina and Ike
(6) Establishment of a completely independent investigator to examine areas of corporate and government economic abuse

If they don't insist on those kinds of demands, then they will have sold out the American people.

The liberal community really has to get on this issue, because if Pelosi has taught us anything, she will cave easily to the Republicans.