Kill the Bill: 202-224-3121, If They Don’t Listen Vote Them Out
Terry Trippany on Sep 23 2008 at 11:33 pm | Filed under: Feature Article
Call the Congressional switchboard, ask for your representatives, and let them respectfully know that you have had enough.
How does a very bad situation get worse? Easy, when members of Congress that created the meltdown of the nation’s financial systems are given unfettered access to a trillion taxpayer dollars to supposedly fix it. Rather than calling for an independent investigation of those politicians responsible for this debacle we get more game playing.
Now we know why they were asking for authority to spend the money without oversight or legal review. It turns out that they are taking this opportunity to hijack the money requested to buy bad debt and expand its purpose to student loans, car loans, and credit card debt! And they were being sneaky about it.
The warning came from Stop The ACLU that picked the story up from the Washington Times:
In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.
The changes, which were included in draft language that also opened the bailout program to foreign banks with extensive loan operations in the United States, potentially added tens of billions of dollars to the cost of the program.
Although it was a major addition to what was already the nation’s largest-ever bailout, it did not become part of the debate between Democrats and the Treasury over details of the program. A Monday counterproposal by Senate Banking Committee Chairman Christopher J. Dodd included such consumer loans as well as mortgages, just as the Treasury’s draft did Saturday night.
“The costs of the bailout will be significantly higher than originally considered or acknowledged,” said Joshua Rosner, managing director of Graham Fisher & Co., who charged that the Treasury and Federal Reserve have not been “forthright” about the ultimate cost to the public. The plan gives Treasury the discretion to buy the non-mortgage loans and securities in consultation with the Fed.
The people responsible for this expanded coverage should be publicly identified. One can only hope he or she is up for re-election.
For his part Treasury Secretary defended the expansions which should be expected. He is a Democrat for all intensive purposes.
Senator Jim DeMint (R, SC) reminds us why we shouldn’t trust Paulson’s judgment:
“His predictions have been consistently wrong in the last year,” he said. “It’s a sad fact, but Americans can no longer trust the economic information they are getting from this administration. … There are much better ways of dealing with this problem than forcing American taxpayers to pay for every asset some investor doesn’t want anymore.”
Call Congress and let them know that the free ride is over. We need accountability and answers; there is no need to rush into a bailout foolishly.
See also: Michelle Malkin
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Tags: AIG, bailout, Congress, Fannie Mae, Freddie Mac
Bailing On The Bailout Bill–UPDATED…
It’s 700 Billion. Today. Assuming…do I need to finish that sentence? It’s getting porkified. It rewards stupidity. It ties Republicans to Bush-Pelosi. It turns American banking into a socialist enterprise. It means trusting Paulson. It has Democrat…
I called both Durbin’s office and Obama’s office. I got to leave a message with Obama but I did get a Durbin aide on the phone and I read him the riot act. He was laughing at me by the time I was done, but I don’t care! I told him, YOU TELL Durbin not to get too comfortable because if he puts this sham of a bail out bill through I will personally start a THROW THE BUMS OUT campaign here in IL and we WILL get rid of him once and for all. I’ll even support another democrat (gag) if I have to to see it done. And I told him, not only do we want to KILL THIS BILL but we also want CRIMINAL INVESTIGATIONS into the SENATE members who took money and caused this calamity to occur. When the aide tried to interrupt me, I just started screaming “HANDCUFFS! HANDCUFFS!” LOL. I couldn’t help myself. This makes me so angry I might be the next one arrested with a weapon outside a representative’s house! Okay, not that mad…but you know what I’m saying.
Oh and…did I fail to say BUSH CAN SUCK IT (in the oh-so-brilliant words of Pamela Anderson). Yeah, I said it. I supported this guy for two elections so I have the RIGHT to say it. His big prime-time appearance tonight isn’t going to change my mind. The government screwed up Fannie and Freddie, they screwed up our financial markets with too much regulation and dipping into the cookie jar and now they want us to put THEM in charge of fixing it?????
SCREW THEM. SCREW BUSH. I WANT MY VOTE BACK.
To All the Member of the House
What’s wrong with all of you?????
We do not want you to turn our beloved country into a Government control country.
We do not want Government control Health.
We do not want the Government to take our freedom away.
We do not want the Government to take our rights away.
We do want “In God We Trust” back in the Government
Stop thinking only about your self and how much money you can make.
All of you have been voted in by the People of the USA. You were not voted in
to destroy our country.
We love our country. We love our Freedom. We do not like your doing in DC
Please stop and think about what all of you are doing to our country.
Support our troops who are protecting you and us.
What’s wrong with all of you? Why are you destroying our beloved country?
A very concern 62 year old women who hates what your doing to our beloved country. Stop it! Start Thinking about the USA and not your self.
Shame on all of you
Proud to be an American, but I’m not proud of our Government.
BA Callaway