Tuesday, November 18

Click here now for Bailout Timeout!

A left-right coalition is developing in Congress to block further funds for the bailout. Senator James Inhofe (R-OK) and Senator Bernie Sanders (I-VT) are both calling for no more bailout funds for the Department of the Treasury. Thus far, Treasury has spent $290 of the initial $350 billion. The Treasury Department and Federal Reserve do not inspire confidence. They have hidden key information from the taxpayer and Congress and change strategies while pigs and perps gather at The New Trough. (Naomi Klein's Rolling Stone article)

Stopping the bailout of Wall Street gives Congress time to decide whether the money should be sent, and if so, how? Another alternative has been put forward by Senators Harry Reid (D-NV) and Robert Byrd (D-WV), an economic stimulus plan that costs about one-third of what is remaining on the initial bailout, $100 billion. It deals with unemployment insurance, disaster relief, infrastructure, aid to states, aid to the auto industry and other parts of the economy.

We urge you to send letters to your elected representatives in the U.S. House and Senate. You can send a letter in a few seconds by clicking here. In addition, please pledge to Break the Bailout by visiting www.BreakTheBailout.com -- we need to show Congress that we will hold them accountable. And, forward this email to everyone you know. There is strength in numbers.

1 comment:

Mrs. Chili said...

DONE! Thanks for the links.

I'm horrified by even the little information I'm getting about this from the media. Granted, I'm an English teacher who always sucked at math, so the economics is a bit out of my intellectual grasp, but I'm smart enough to know that OVERSIGHT is a good idea. Sheesh...