Time is running out.. a last ditch effort

[jo]

This is the culmination of everything the cmkx shareholder has seen brew and boil and flow out over our economy..we are at a crossroad..a serious one. For the sake of your children and grandchildren, call your congressman or woman and tell them to not approve this bailout at the taxpayers expense..this is what we all know to be a way of getting back what they stole..at our expense. How many times do we have to get kicked before we say stop!

CALL YOUR REPS TODAY! A VOTE COULD BE TAKEN TOMORROW..

WWW.CONGRESSMERGE.COM



Time is running out

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From: Ron Paul 2008 <[e-mail]>
Subject: Time is running out
Date: Sep 24, 2008 12:06 PM

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Wednesday, September 24, 2008

Dear Friends,

Whenever a Great Bipartisan Consensus is announced, and a compliant media assures everyone that the wondrous actions of our wise leaders are being taken for our own good, you can know with absolute certainty that disaster is about to strike.

The events of the past week are no exception.

The bailout package that is about to be rammed down Congress' throat is not just economically foolish. It is downright sinister. It makes a mockery of our Constitution, which our leaders should never again bother pretending is still in effect. It promises the American people a never-ending nightmare of ever-greater debt liabilities they will have to shoulder. Two weeks ago, financial analyst Jim Rogers said the bailout of Fannie Mae and Freddie Mac made America more communist than China! "This is welfare for the rich," he said. "This is socialism for the rich. It's bailing out the financiers, the banks, the Wall Streeters."

That describes the current bailout package to a T. And we're being told it's unavoidable.

The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences - predictable, that is, to those who understand sound, Austrian economics - are being let off the hook. The Federal Reserve System is actually positioning itself as the savior, rather than the culprit, in this mess!

• The Treasury Secretary is authorized to purchase up to $700 billion in mortgage-related assets at any one time. That means $700 billion is only the very beginning of what will hit us.

• Financial institutions are "designated as financial agents of the Government." This is the New Deal to end all New Deals.

• Then there's this: "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." Translation: the Secretary can buy up whatever junk debt he wants to, burden the American people with it, and be subject to no one in the process.

There goes your country.

Even some so-called free-market economists are calling all this "sadly necessary." Sad, yes. Necessary? Don't make me laugh.

Our one-party system is complicit in yet another crime against the American people. The two major party candidates for president themselves initially indicated their strong support for bailouts of this kind - another example of the big choice we're supposedly presented with this November: yes or yes. Now, with a backlash brewing, they're not quite sure what their views are. A sad display, really.

Although the present bailout package is almost certainly not the end of the political atrocities we'll witness in connection with the crisis, time is short. Congress may vote as soon as tomorrow. With a Rasmussen poll finding support for the bailout at an anemic seven percent, some members of Congress are afraid to vote for it. Call them! Let them hear from you! Tell them you will never vote for anyone who supports this atrocity.

The issue boils down to this: do we care about freedom? Do we care about responsibility and accountability? Do we care that our government and media have been bought and paid for? Do we care that average Americans are about to be looted in order to subsidize the fattest of cats on Wall Street and in government? Do we care?

When the chips are down, will we stand up and fight, even if it means standing up against every stripe of fashionable opinion in politics and the media?

Times like these have a way of telling us what kind of a people we are, and what kind of country we shall be.

In liberty,

Ron Paul




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Political Advertisement paid for by Committee to Re-Elect Ron Paul

[smeagol8]

To be responsible, people who oppose the 'bail out' need to tell us what THEY think will happen without it. If ALL THE BANKS FAIL - then what happens? What's the bottom line - And do we really want to get to that place? Most of the people in Gov that support the bail out think that the only thing worse for the Country then the 'bail out' is NO bail out.
On a related subject, this whole mess is related to the "Too big to Fail" argument - If something is considered 'too big to fail', whether it is in trouble or not, it should be broken up to smaller pieces. Simply add "too big to fail' to the definition of a Monopoly, and let that system take care of it.

[tubotrader]

What happens when 40,000-60,000 united, educated and irritated people get together...and do nothing?

[tenbeers]

Sept 24, 2008 13:44:53 GMT -6 smeagol8 said:

To be responsible, people who oppose the 'bail out' need to tell us what THEY think will happen without it. If ALL THE BANKS FAIL - then what happens? What's the bottom line - And do we really want to get to that place? Most of the people in Gov that support the bail out think that the only thing worse for the Country then the 'bail out' is NO bail out.
On a related subject, this whole mess is related to the "Too big to Fail" argument - If something is considered 'too big to fail', whether it is in trouble or not, it should be broken up to smaller pieces. Simply add "too big to fail' to the definition of a Monopoly, and let that system take care of it.

The other side of this is they cannot tell us for sure if there is
no bailout the bad stuff will actually happen, and they also cannot
tell us that if they do get the bailout everything will be fine.

[tenbeers]

From: Governor Mike Huckabee
To: XXXXXX
Sent: Wednesday, September 24, 2008 4:38 PM
Subject: Bailing On Our Principles


Dear Huck PAC family,


I ask 2 things of you right now:

First, read this email completely. I’m including my thoughts on the “bailout bill,” and I believe you will find them of interest. Second, if you agree with what I have to say, support my efforts at Huck PAC so we’ll continue to have a strong voice and we’ll have the capacity to support conservative candidates all across the nation who will stand and fight for our conservative principles … especially in times of crisis like we are facing as a nation today.

Frankly, I’m disappointed and disgusted with my own Republican party as I watch them attempt to strong-arm a bailout of some of America’s biggest corporations by asking the taxpayers to suck up the staggering results of the hubris, greed, and arrogance of those who sought to make a quick buck by throwing the dice. They lost, but want the rest of us to cover their bets so they won’t be effected in their lavish lifestyles as they figure out how to spend their tens of millions and in some cases, hundreds of millions in bonuses and compensation which was their reward for not only sinking their companies, but basically doing the same to the entire American economy.

It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help. I thought these guys were the smartest people in America! I thought that taxpayers like you and I were similar to the people at the U. N. who have no translator speaking into their headset - that we just needed to trust those that I called the power bunch in the “Wall Street to Washington axis of power.”

The idea of a government bailout in which we’d entrust $700 billion to one man without Congressional oversight or accountability is absurd. My party or not, that is insanity and I believe unconstitutional.

Will there be far-reaching consequences without some intervention? Probably, but we honestly don’t know since we’ve really never seen this level of greed and stupidity all rolled into one massive move. But may I suggest that letting “Uncle Sugar” step in and bail out the billionaires who made the mess will be far worse and will start a long line of companies and individuals who will demand the same of the government---which last time I checked means that they will be demanding it out of YOU and ME. This is not money that Congress is risking from THEIR pockets or future, but ours. Many if not most of us have already experienced lost value on our homes, retirement accounts, and pensions. Now they’d like for us to assume some further risks so they won’t have to.

What happened to the “free market” idea? Is that only our view when we WIN and when we LOSE, we ask the government to come in and take away the pain?

If you are a small business owner, is this the way it works at your place? When you have a bad month, a bad year, or face having to close, can you go up to Congress and get them to write YOU a fat check to take away your risk?

Some of what contributed to this disaster is too much government in the form of Sarbanes/Oxley. Some is due to the tax structure that created the hunger for companies to “game” the system. Some is the common sense that was ignored like loaning money to people who can’t pay it back.

Wall Street has become Las Vegas east, but at least in Vegas, people KNOW they are gambling and they don’t expect the government to cover their losses at the tables. In Wall Street, they do. And the American taxpayer burdens the responsibility.

If Congress wants to do something, here are some suggestions:

1. Eliminate ALL capital gains taxes and taxes on savings and dividends right now. Free up the capital and encourage investment. This is the kind of economic stimulus the Fair Tax would bring and if Congress is going to lose money, let them lose it with lower taxes, not with public dollar bailouts of private market mistakes.

2. Repeal Sarbanes/Oxley. It has failed. It was supposed to prevent this. It didn’t. Kill it.

3. Demand that the executives who steered their ships into the ground be forced to pay back the losses of their companies. Of course, they can’t, so let them work and give back to the government and they can live like the people they put on the streets or kept there. It makes no sense to put them in jail—that’s just more they will cost you and me. I’d rather them go out and earn money—just not get to keep so much of it this time. I’m not talking about limiting CEO salaries---just those of the people who now are up in Washington begging for help because they ruined their companies.

Attempts by Democrats and Republicans to blame each other is nonsense. They are both guilty and ought to own up and admit it. They all lived off big campaign contributions and the swill of the lobbyists who strong armed them into permission to steal. Enough of blame. Fix it!

This would be a start. If we don’t hold these guys responsible, we are all finished.


Thank you for your continued support and God Bless

Mike Huckabee

www.huckpac.com/

[liza7755]

This is how I feel about the bail out, if we must fine. BUT, get these criminals that did this and tell them go to jail or you help fix this mess and you will not be getting any bonus and will be paid an average income (what ever that maybe for that state 35,000 a yearļ). Take any money from there accounts if they have not already hidden it, which I am sure most did. Take anything that can be sold and let them rent an apartment until they can save for a home like the rest of us. Maybe I sound like I am being unreasonable but how many of us could get away with what these a** have done. Make them really work for the money dam it or go to JAIL! We should not have to bail these guys out without them paying this back one way or other, I do not care if it takes 20 years, they need to do this not just us middle class hard working people.

[dcswingtown]

Sept 25, 2008 5:34:45 GMT -6 @liza7755 said:

This is how I feel about the bail out, if we must fine. BUT, get these criminals that did this and tell them go to jail or you help fix this mess and you will not be getting any bonus and will be paid an average income (what ever that maybe for that state 35,000 a yearļ). Take any money from there accounts if they have not already hidden it, which I am sure most did. Take anything that can be sold and let them rent an apartment until they can save for a home like the rest of us. Maybe I sound like I am being unreasonable but how many of us could get away with what these a** have done. Make them really work for the money dam it or go to JAIL! We should not have to bail these guys out without them paying this back one way or other, I do not care if it takes 20 years, they need to do this not just us middle class hard working people.

What if the ones asking for the money are the criminals?

[jo]

Everyone including the president, continues to overlook one little detail. Billions of dollars of fails to deliver every single trading day.

Dismantle the FED and the IRS and possibly the dept of Education and take that money to "fix" things.. But PLEASE stop taking the taxpayers money..and try finding the billions that have been mysteriously lost in the dept of justice, I believe it was? How long will we bury our stiff necks in denial? The kind of blatent criminality we are witnessing is so outrageous that we try to reconcile it somehow. The FED makes 7 cents on every dollar printed. We pay them to print OUR money..a private bank. We need to open the books on level 3 and we need to stop this merger of the FED with the Treasury..I think Paulson is here to achieve that merger..He proposed this merge a few months ago and now they are acting in concert in a move that if passed could make them kissing cousins as they oversee the regulation of our markets..and I just think, Whose babysitting the babysitters?

If the govt is going to micro manage anything, let it be the DTCC, who makes enough in a year to eliminate the national debt. Can you imagine what kind of stories those accounting books could tell..? Priceless!