Friday, October 3, 2008

CONGRATULATIONS! You are now the proud owner of failing banks

The House passed the $700 billion dollar bailout plan. You, the taxpayer, now own 2 huge failing banks (probably more). Please recall that a few weeks ago the government also became the largest shareholder of two other failing companies, Fannie Mae and Freddie Mac.

Please note that even once this bailout passed the Stock Market STILL DROPPED! Oh, you mean you expected everything to be all better. That is not how it works and I have warned about that, as have others.

There are a few problems now.

1. We now have to pay $700 billion dollars and America is already trillions of dollars in debt. Have you tried to get money out of your banking account when you were in the negative? It does not work that way.

2. We now have 4 failing companies on the books. Know what happens when you buy so much bad debt? Eventually you too are failing. Would you want to own a boat with a hole in the bottom? How about 4 holes? Imagine trying to sail that boat.

3. Welcome to the Kingdom of America. Do you know what it is called when a citizen owes its debts to the government? It is called a Serfdom and the leader is King George.

Interestingly enough I saw a news report that Senate received 91,000 phone calls and 85,000 of those calls were against the bailout. In a recent poll 7% of Americans SUPPORTED the bailout. It does not seem like Congress cares about the population at large any longer. It is time for a change.

I am making it my goal to make sure my Senators, Senator Robert Casey Jr. and Senator Arlen Specter, do not get re-elected. This bailout was un-constitutional as was stated in a letter to me by Senator Specter and because the federal government does not have the power to use tax payer money to bailout private corporations.

Interestingly enough my Congressman, Rep. Joseph Pitts, voted against the bailout for a second time. I have had my differences with Pitts but this vote has solidified his my vote for him in the next election.

Call your Congressman and Senators, let them know you are unhappy and remember this:
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

It is time to throw off this government who has become destructive.


See how your Representative voted in the House here.

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