STOP the Bailout. STOP the rape of US Taxpayers. STOP the slide toward Socialism.

quesney | quesney

[quesney]

--stop this affront to the Constitution and the legacy the Founders left us
--stop this massive power and money grab by the corrupt, incompetent establishment
--stop the bailout of enriched executives and mismanaged US and *foreign*(!) banks
--stop the Demublican Republicratic march toward socialism
--stop this rush to rob us

STOP THIS TRAVESTY!
STOP THIS OUTRAGE!

Call your representative and senator BEFORE it's too late:

202-224-3121
http://www.usa.gov/Contact/Elected.shtml

[cripplecreek]

I already paid for my house so stealing from me to pay for someone else’s isn’t going to make me happy.

[quesney]

White House:

Comments: 202-456-1111
Switchboard: 202-456-1414

[Jack85321]

Great Post!

..and done!

I even called McAmnesy’s and O’Bomba’s offices.

[cripplecreek]

I can’t even get through to the senate switchboard.

[cripplecreek]

“Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.”

I think that loosely translates to "Let them eat cake".

[quesney]

“I can’t even get through to the senate switchboard.”

Good, that means they’re getting a lot of calls.
Keep trying. I am.

[Hawthorn]

When it comes to this issue, Michelle Malkin and other normally reliable conservatives are teetering on the brink of mind-boggling insanity. The consequences of a major financial panic are truly too horrible to contemplate, yet Michelle and others want to fiddle while Rome may soon go up in smoke. Action must be taken right away, or we may see a genuine Armageddon within a week or two.

You must come to your senses and realize that we’re potentially facing a total meltdown of the world financial system — where almost everything you and Michelle and I have invested in the stock market, retirement pensions, insurance, corporate bonds and money market accounts could evaporate overnight. Moroever, those who own their homes debt-free could see most of their equity vanish almost as quickly. How would you and Michelle like that?

[goldstategop]

You really want to government to dispose of property and assets without checks and balances? Thanks but no thanks!!!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[mad puppy]

Wow. When you have Newt spurring a DEM controlled Congress to stop a REPUB President, you know things are getting weird.

[Hawthorn]

> I think that loosely translates to “Let them eat cake”. <

No, not at all. It means that we must not let the trial lawyers, the ACLU and ACORN get involved in a critical financial rescue operation.

[vaudine]

Spent the morning calling--first my senators (Shelby is out in front against this)and then started on the most vocal of other congresscritters. It is difficult to get in because the phones are ringing off the hooks on Capitol Hill. Let's keep them that way.

vaudine

[<1/1,000,000th%]

The burden has been on the taxpayer for years.

Who do you think was subsidizing those sub-prime loans for wealthy community organizers?

[Camel Joe]

Over the past hundred years or so the Gub’ment has acquired a great deal of wealth in the form of property and for lack of a better word baubles. I think it is high time we made them auction it off to pay for this mess that Government created by acting as social engineers or more like outright socialists. This is just another way of raising taxes without saying so. Long live Milton Friedman and DEATH to John Maynard Keynes!!! Socialism be damned!!

[cripplecreek]

I don’t want them to take my money in the first place but Paulson makes it very clear that there will be no oversite or reviews. Just give him the money and let him do as he pleases.

[detective]

You are misrepresenting the situation. This is not a case of private companies being given taxpayer money. This “bailout” involves the federal government cleaning up the mess that they created with Fannie Mae and Freddie Mac.
The mortgage based securities (CMO’s) that Fannie and Freddie packaged and resold to financial institutions have become illiquid and accounting rules force institutions to carry them on their books at approximately 22% of their value. In truth less than 5% of the total mortgages are probably going to default. The “bailout” allows the federal government to buy these illiquid mortgage based securities which will increase in value over the next several years. This will probably result in huge profits for the taxpayers.
The “bailout” of AIG was a bridge loan to a financially sound company that will result in profits to the Federal government. The use of the word “bailout” and the the assumption that this is Wall St greed misrepresents the facts and creates confusion.

[Attention Surplus Disorder]

You’re saying that this plan, by the Hanktator, who 1: didn’t see this coming 2: Lied well over half a dozen times when he claimed his prior efforts would work 3: is claiming unprecedented plenary, non-recourse power that effectively overthrows the Constitution 4: Has no specific plan, only the desire for the biggest blank check in history and 5: Is unquestionably motivated by a career working for Goldman and is surely allied with his banker buddies at some level....is the ONLY WAY to extract ourselves. It is not. It is only one idea, and it is a poorly formed idea, a larval idea. He has made up his actions as he went along and he has been proven ineffective. I don’t believe he is trustworthy but apart form that, I don’t believe ANYONE is sufficicently trustworthy to throw over the Constitution.

The people who object this plan are not objecting to some kind of plan and some kind of action, but this one is no plan at all. It’s yet another money-toss that is sure to benefit his pals and is sure to generate a priveleged class of insider corpse-pickers, all at our expense, assuming we get partially through the abyss we’re looking at.

Here’s one guy whose idea are cogent, coherent, and well thought out. I happen to agree with his suggestions.

www.fedupusa.com

[Aquinasfan]

Except for the reaction to 911, almost every government action undertaken during a crisis situation ends up exacerbating the problem.

I wasn't very concerned about this bailout until I heard Newt speak last night (as quoted above). Now I'm concerned.

[cripplecreek]

This is money being taken from me. Trying to pretend it’s not is a lie.

[detective]

“Paulson makes it very clear that there will be no oversite or reviews. Just give him the money and let him do as he pleases.”

This is totally untrue. There will be plenty of oversight. The money will be used to buy illiquid mortgage based products not used as however Paulson pleases. Secretary Paulson has done an excellent job over the past year preventing the problems created by Fannie Mae and Freddie Mac from getting worse. It is the politicians who created this problem.