Dear Congress
NO, we do NOT approve of this $700 BILLION dollar socialism package, even if you rename it. How many times do we have to say “no”?
This is not a function of government in a capitalist system… and the next numbnuts that says I ‘just don’t understand’ is gonna have a permanent imprint of a boot on their backside.
Trust me, I understand all too well. I have a firm awareness of how this occurred. I’ve watched with an open jaw as lending regulations went from silly to just surreal while a congress, bought and paid for by special interest lobbyists, fought sanity at every turn.
People used to go to prison for what some of the “approved programs” like Nehemiah allowed, only before it was called “up for down”. That’s just one of many examples… call me when you have some time, you can have the whole list. Funny how DC always thinks changing the name makes something bad into something else. Do you guys even understand how reality works?
You are the ones that don’t understand. These pork laden handouts have to stop. Did any of these companies offer to give their profit to taxpayers when things went well? [OK, I realize legislators are technically taxpayers, but I meant the general public… nice try though.] Tell the people that were in charge to execute whatever “plan B” they would’ve used if they lived in a country where the government really believed in capitalism.
Maybe they can get a loan from the fine folks on Capitol Hill that’ve taken money from Fannie/Freddie et al for resisting restrictions on same. If not, they might try the execs the troubled companies collectively handed billions in compensation packages, payments that hardly reflect the value of a pilot that drives his ship into the rocks at full speed, while personally bailing out and leaving his passengers to their own fate.
Our legislators just need to take a deep breath, sit down, and count to 700 billion. By the time they’re done the measure will have died for lack of votes. [This of course assumes they can count.]
In the past I’ve limited my efforts to local offices, but I will actively campaign and vote to remove from office anyone that passes this bill, regardless of party. Voting for this bill when the public is largely split between “no” and “Hell no” is nothing more than taxation without representation.
We’ve been there and done that before, and we tossed *them* outta Washington too.
Please share this with your counterparts. Help THEM understand a vote for ANY bailout (today, tomorrow, next week) will assure any incumbent they will never again see the capitol as anything but a tourist.
I appreciate your assistance.
Regards
Rob Jones
Southlake TX
PS: Since I know you won’t listen and of course you rightfully feel complicit in this fiasco for having ignored all previous loud and clear calls to action to regulate Fannie and Freddie over the last 8 years at least, the prime causes of this mess… please at least clean the pork out of the bill before you ignore the express wishes of the American public. BTW… you’re all getting voted out either way. Enjoy the private sector, good luck finding work.
Rob Jones for President 
But Rob, the world will end if we don’t do this! No one will ever lend anyone else a dime. No one will ever, (EVER!) buy a new car or a house. Every business in the country will close.
Oh my God! I was writing the above in jest, and I started listening to the TV in the back ground. Bill O’Reilly was saying in total seriousness what I was saying above.
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O’Reilly’s made it clear he lost money in the market and had no clue he was heavily invested in funds backed by paper that was cyanide laced with garbage mortgages.
Like most of Washington, he’s a free market fan until it’s HIS ox getting gored… then he sees the wisdom of the federal government getting into the business of bailing out companies that got in trouble due to greed and stupidity.
I gotta remember this if I ever go to the Mirage. Once Doyle Brunson has me in hock for more money than I can make in 200 centuries I’ll just call my congressman. Why should my creditors have to suffer from my stupidity… hell, thats bad for the economy.
I dont want a bailout, mind you, calling it a rescue is fine with me as long as I’m rewarded for losing my ass.
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I had a long long discussion with a market wizard today. I gained a better understanding of what happened.
However, it seems I was right all along. I didn’t need all that new understanding.
GREED.
What part of history did these bozos sleep through? And was that class before or after Economics 101?
Perhaps they were off playing Monopoly, and gained an unrealistic idea of the value of money. And Monopoly money is what it’s going to take… the government should claim “eminent domain” and seize all of the Monopoly games in the country and use *that* money. After all it’s already been printed. Holds the same value too.
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Well, the Senate didnt pass a $700 billion bailout today. [They passed an *$800 billion plan].
Guess we gotta learn to be more specific when we speak to legislators.
House vote is still pending.
btw: It is now “The Main Street Rescue Plan”. Granted they’ll still give the money to Wall Street… but dammit a new name just makes all the difference. [Geeze]
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Magnificent diatribe Rob. I have been watching the news, picturing you turning a fine shade of beetroot.
I think Bush’s bail-out is a done deal though. Meanwhile on this side of the pond banks are being rescued and/or deposits guaranteed across Europe. http://news.bbc.co.uk/1/hi/business/7521250.stm
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Subject: Fw: I took the pledge – Have you?
Well the congress has done it.
As of the morning of the bail out vote in the House of Representatives, polls showed that the American people were 74% against any bail out for the Wall Street fat cats. We wanted a fix from the bottom up and not from the top down. Fix ‘Main Street’ not Wall Street we told them. They didn’t do it.
However they did agree with the bloated $700 billion the Senate passed for their greedy Wall Street friends with another $150 Billion of Pork. So now our children are on the hook for at least $850 billion and no one can tell us if it will work or will be the last.
Meanwhile, ‘We The People’ continue to lose our jobs and homes.
Our elected representatives have chosen to ignore us, ‘We The People’ whom they swore to represent.
They think we are stupid. They think we don’t have the guts to clean house. They think ‘they know better’ than we on ‘Main Street’ do.
So…
I have taken the Pledge:
I, (put your name here), will NOT vote for any incumbent in the upcoming election regardless of party. I intend to do my part in ‘throwing the bums out’ in Washington that continue spending my money on those that have wrecked our economy rather than the people who sent them there. This is my solemn pledge.
Mail this to your Representative and Senators, to all your friends and all news media, both local and national. Email this to all the talking heads on the cable outlets, Lou Dobbs, Bill O’Reilly, Keith Olbermann, Chris Matthews, Alan Colmes, Sean Hannity, Rush Limbaugh and with every blog and talk show host you know of.
Urge everyone you meet to take the Pledge.
This the only way we, the American People, will ever take back our own government.
They keep telling us that the only power we have is the vote. So… For once let’s use it!!!!!
Believe me… if we turn them all out THERE WILL BE CHANGE!!!!
Do we have the guts? Do you???
If not, then you don’t have any right to complain if they continue to screw us over.
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