The senate has passed the 700 billion dollar bail-out since their jobs are not at risk. The House of Representatives need to get re-elected NOW. Your say will count in the House of Representatives. Please stop this bill. You currently are not responsible for the illegal gambling losses of 5 large companies. They did naked shorting of our stock market of which is an illegal activity. The naked short selling has been allowed to continue even though the laws have not been taken off the books. If we choose to prosecute we would win! Through the criminals in jail, don't pay for their gambling losses!
What is in this bill for us? We get an empty promise that the government will insure up to $250,000 dollars of your deposits in the banking system up from $100,000. The fact is the FDIC is currently broke.
The FDIC needs a bail-out! They won't tell you this fact until this bill gets passed. Next week they will saddle you with the FDIC bail-out bill. ALL you are going to get from our government is more tax bills. There is no free lunch. Our sugar daddy, the federal government is BROKE! Anything they "give" us they must "take" from us. Do you understand that?
Have you wondered what all the commotion about this 700 billion dollar bail-out? We have had several bail-outs and no arguing. What makes this one different? This proposal gives
Paulson the privilege of printing money, taxing American citizens and the ability to spend the money without a budget proposal or even informing the taxpayers or congress. Lawmakers are uncomfortable giving Paulson - and his successor - the sweeping authority the plan seeks. The plan shields the Treasury Department from legal challenges and does not require any reporting to Congress. Treasury, which has proposed a two-year program, would hire Wall Street firms to manage asset purchases. These guys caused the problem, why should we employ them to supposedly fix the problem? This is not free money they are spending.
THIS IS A TAX BILL. YOU WILL PAY!!
"It's unprecedented, unfettered power," said Sen.
Barbara Mikulski, D-Md. "The intrinsic nature of our Constitution ... was always checks and balances."
Another way to spend 700 billion dollars could be give each state about 14 billion dollars to each state to build or repair their infrastructure. This would put millions of Americans back to work and improve the country we live in. It would also DECENTRALIZE the money control. Under this scenario more control would be given to the people as opposed to giving ONE MAN (Paulson) all authority. This would help the unemployment problem and fix our failing infrastructure. Plans like this are being tabled for a dictatorship. Don't react in FEAR. Use your brain. Think about what we are doing.
The 700 billion dollar bail-out bill being voted on spends your hard earned money on "toxic assets" that are "illiquid". What does this mean? The mortgage backed securities have no value because nobody in their right mind will invest in them. This has been proven on the open market. So our government thinks you won't mind paying $700 billion dollars on something worth nothing! Please let them know YOU ARE NOT THAT STUPID!!!
Please tell the House of Representatives you want to preserve the "checks and balances" as written in the constitution. We don't trust one man to do whatever they want without anybody being able to stop them BEFORE the money is spent. We should be governed by the people, not the people enslaved to debt without representation or approval by the people. The brand new powers being given to Paulson in this bill is Extremely unconstitutional. Stop them from taking our constitutional rights away today so we don't have to over through another government to be a free nation.
A free person has always used gold and silver as a store of wealth. Read our Constitution, Article 1 section 10. It is the only form of constitutional money. Our founding fathers did this on purpose so we would not be a slave to a government printing money (devaluing your savings) while you are at work, sleep and play. If you are interested in learning about diversifying your portfolio with gold or silver call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. in Denver, Colorado. I love to educate others about protecting their accumulated wealth. You may also visit
www.goldeniras.com to learn more.