No Bailout on the Backs of the Middle Class
I need your help to oppose Bush's Plan to Bailout Wall Street at Taxpayer Expense.
Co-sign a letter to Secretary Paulson here.
For years, we have heard the Bush administration tell us how "robust" our economy was and how strong the "fundamentals" were. That was until a few days ago. Now, we are being told that if Congress does not act immediately and approve a $700 billion Wall Street bailout proposal there will be an unprecedented economic meltdown in the United States and an unraveling of the global economy.
Shockingly, having looked the other way while Wall Street hucksters looted the economy, the Bush administration now wants American taxpayers (and our children) to pick up the tab. I say "no way." But I need your help to let officials in Washington know that Americans don't want to be saddled with the cost of this bailout -- a bailout made necessary by the Bush administration's deregulatory fever and Wall Street's insatiable greed.
You can view (and even download) a video message here.
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Feeding the rich with the food of the poor is NOT sound fiscal management, nor humane, nor fair.
The message we should be sending, through our legislators, is that regulation of the excesses of corporations, and government alliances is not only rational legislation but emergently necessary. Absolutely no rewards to those involved at top management positions when the losses affect everyone else.
Governmental assistance to the financial system must be accompanied by major restructuring of the speculation dealing.
Whatever happened to the judicial power of the SEC??????????
An Immediate Effective 8 Point Plan:
1. Give immediate authority to an Energy Commission to control the SPR. Offer 20% (140,000,000) barrels for sale immediately @ $50 per barrel to domestic "Independent Refiners" only.
2. Make public policy that the "Energy Commission will continue to utilize the SPR as a price stabling devise and consolidate long term purchasing contracts with direct producers of crude feedstocks.
3. Immediately create a "Purchase Rebate Program" funded by the SPR sales offering $5,000-$10,000 instant rebates to buyers of domestically manufactured or "Remanufactured" vehicles with MPG ratings of 50mpg and over on an escalating scale.
4.Immediat
Let that sink in for a bit and we'll get the other half of the plan to you.
These four items will turn this economy around over night. It will reduce the price of every product in the country by first reducing the price of energy. In creating immediate relief from these unbriddled energy prices, we give Americans some breathing room to do things like, pay their "Mortgages",
buy a new pair of shows for their children, and maybe even save a buck or two.
The impact of the energy theft is averaging $200-$400 per month per family inclusive of gasoline,e
Senator,
We the People are ready to do what must be done to stop the madness.
Lead the way, we will follow.
Give us the next step.
I trust everyone has noticed the numbers Boone Pickens uses for the "greatest transfer of wealth in history" 700B and the bushco bailout number 700B are the same!
Do we really think thats just a random number?
We are hemorrhaging capital down the oil/weapons pipeline. A transfussion of another $700,000,000,000 will only feed the monster for another 12 months.
Adopt the 8 Point Plan and stop the bleeding now, the patient is weak but may still recover if we break the grip of greed from the neck of the Nation!
"Give me liberty, not more debts."
Don't you think this is just another part of the grand scheme by the capitalists to transfer all the wealth to themselves and destroy the middle class. It's been going on for years. Laissez faire capitalism promoted by the Repubs for decades is at the root of the latest disaster. Drain the treasury, bailout the fat cats, CEO's and other execs walk away with millions if not billions of dollars. If America elects John McFibber and Sarah Pain-in-the-a-- we certainly will have more of the same until all of Americas wealth is in the hands of the top 1%-ers. Wake up call, America.
Taken to it's extreme, if the worker can't afford food, how do they remain productive?
Might not the difference between the Paulson bailout plan as presented v. a Paulson bailout plan somehow made more palatable, be the difference between tweedledum & tweedledee?
Even Paulson doesn't claim certainty that his plan will work.
Seriously consider rejecting Paulson's bailout plan in any form.
Will the sky fall in? Perhaps.
If it does, let's take that actual hit, rather than the $700,000,000,000 hit that's on the table, to say nothing of the hit brought about by any untoward "unintended consequenc
Wealth is the fruit of labor.
not privilege.
If the US can forgive the debts of other nations, why not forgive the credit card debts of its own citizens by bailing them out instead of Wall Street? Now that would be an economic plan worthy of the elected officials in Congress.
don't you love how we're going to lend the financial institutions money so they can lend it back to us and make money on it in the process by playing gambling games on the loans with their rich pals!?
I say cut out the middle man!
No bailout without an explanation of where the money is coming from! HOW IS IT GOING TO BE PAID FOR? Higher taxes? how much, what kind? Are they going to sell Treasury bonds? How much? How will this not cause huge inflation which will wipe us out anyways??????
HOW IS IT GOING TO BE PAID FOR?
You ask too many questions! Remember, Mr. Paulson has an investment in Goldman Sachs of
over $ 630,000,000.
Dear Senator Sanders,
Thank you Sir, your a stand-up guy, I don't care what Paulson says about ya. :) Agape.
Here are a few questions from Middle America. 1. Can you describe, in detail, what is causing the failures and panic scenario? 2. Can you tell us how long this has been going on? 3. Can you tell us who is responsible, or shall i say irresponsible, for allowing this to happen? 4. Are you saying that Financial and Banking professionals are saying the did not see this coming? 5. What can you say to convince us that this was not planned to happen exactly as it has? 6. Who is responsible for the lack of regulation of the system that governs our wealth and livelihoods? 7. What assurances do we have that once this vast sum of future debt is given up for an alleged bailout, that it will not be business as usual and the same pack of thieves who allowed this to happen go at it all over again? 8. Will you demand that regulation, extreme regulation be part of this gift of debt? 9. Will you hold any and all responsible for this disaster accountable and prosecute them to the fullest extent of the law? 10. Will you make in-depth details of the hows and whys and whos and whens of the creation of this disaster public knowledge, from those in the financial and banking industry to elected officials in Washington and on the state level?
why not send every american a 2333.00 check? 700,000,000,000 divided by 300,000,000.
LOL the government sent us $ 600 in exchange for this. Seems like their plans never work,
maybe we should get smart and vote for smart leaders. That would be a switch!
Senator Sanders,
Thank you for opposing this unaccpetable power grab bailout plan hatched by the disaster capitalists.
As a counter proposal, I would propose a supplemental bailout tax of 10-20% for corporate income, gross capital gains above $500K and individual gross income above $500K. I think this would relieve bailout financial burden from the non-wealthy.
As a side benefit, I think this would also expose interesting political alliegences.
We have to do something to bail out the economy, but a trillion dollars to Wall Street is not the answer. If we have to invest that much, let's spend the money creating jobs by rebuilding roads, bridges, power grids, etc. and by fast tracking jobs in solar, wind, and energy efficient cars. Put Joe Six Pack to work and he'll rebuild America and then he'll take his earnings and buy stuff. That will create a market demand that will also help the economy and grow business. He'll pay his mortgage, especially if we get a law to keep the sharks from gouging him so deeply that he can't. If we did this, we'd get a lot of things that would be outstanding for the economy and for the country--real things and not just gravy for speculators. For Pete sake, they could do it again. There aren't any laws or regulations to stop them and it could take years to get them. McCain said Sunday that he still thinks his support of deregulation in 1999 was good for business. We'd get safe roads and bridges, clean energy that would decrease the demand for foreign oil which would decrease the cost of gas, an economy based on rock solid broad based thriving Americans, a good beginning on less pollution and less global warming----and the list goes on. Email your senator and congressman. HURRY, before it's too late.
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