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Thursday, October 2, 2008

Rep Kaptur accuses Congress of Insider Trading--MUST SEE SPEECH

Senate approved the bailout, now it must go back to the House for a vote again. My hope is that the House will stand strong. Just to clear up anything confusion, Senate includes your Senators, this is what Obama and McCain belong too (they both voted for this bailout by the way) and House is where your Congressman and woman are located.

Before the bailout was passed Rep. Kaptur from Ohio made a very good 1 minute speech. Watch the short, video it is very good.


Contact your representatives in the House. Go to congress.org and input your information on the left side to figure out the contact information for your Congressman/woman. Send them an email, call them, send them a fax. It is especially important to do this if your representative voted NO before. Call them and reassure them that they should remain steadfast in their decision.

Here is a sample letter that can be used to email and fax them:
Dear Representative/Senator:

I urge you to oppose Treasury Secretary Henry Paulson's $700 billion bailout of Wall Street.

The bailout:

- violates the Constitution by authorizing the Treasury to purchase bad mortgage-related assets.
- greatly enlarges our national debt and further erodes the value of our dollar.
- bails out Wall Street at the expense of Main Street by putting taxpayer funds at risk while freeing up banks to continue making bad loans.

Already, hundreds of billions of dollars have been spent bailing out Freddie Mac, Fannie Mae, and AIG, and the final price tag for those moves could result in trillions of dollars being added to our national debt.

The bailout plan ignores the fundamental reason why our economy is in such crisis: the Federal Reserve and the federal government's interference in the market and manipulation of the money supply spurred major banks and other corporations to back bad mortgages.

Adopting this proposal will only continue the same flawed practices and greatly worsen the long-term effects.

The way out of this current economic crisis is to return to the principles that made this nation great: constitutionally-limited government, personal freedom, low taxes, and a belief in sound money.

I am asking that you strengthen our economy by taking action to:

1.) End the Bailouts - The Federal Reserve's authority to use taxpayer money to bail out Wall Street must be revoked and the Fed must be held accountable.

2.) Cut Taxes and Curb Regulation - If we really want to stimulate businesses and revive the market, we need to cut corporate and capital gains taxes, spurring investors to come back to the market and making it easier to attract new workers and clients. It is also time to repeal failed legislation like Sarbanes-Oxley, which has crippled capital markets, diminished our competitiveness, and greatly harmed small businesses.

3.) Reduce Spending - We must freeze all non-entitlement spending by the federal government at current levels and eliminate wasteful spending both domestically and in our trillion-dollar overseas budget. Our debt has to come down, and it won't until we start living within our means. Reducing spending and cutting the debt will strengthen our dollar and reduce our cost of living.

4.) Reform the Monetary System - If we are to have long-term economic progress, we must end the system of printing money out of thin air. The current laws limiting the circulation of gold and silver-backed currency must be overturned.

Thank you for your attention in regard to this matter. I will be closely watching as events unfold over the next several days. A vote to approve the bailout plan will cost you my vote for your next reelection bid.

Sincerely,

[Your name]



Contact them, let them know you are watching and that you are going to vote. Tell them that a vote for this bailout will cost them your vote for their seat.

Contact Senate as well and if you senators voted against the bailout thank them, if they voted for the bailout tell them that have lost your vote. Let the government know that their actions have severe consequences.

Anthony

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