Dislike $700B Corporate Welfare Scheme? Stop the Bailout

I’m hearing from all over that “the little people,” by and large, are NOT happy with Congress’ work concerning the so-called Wall Street bailout plan promoted by Treasury Secretary Henry Paulson. Lawmakers came to a tentative agreement on the plan this weekend, and many journo types expect the bill to pass. It appears that if legislators pass it and Dubya signs it, millions of Americans will be furious. After all, would the government help you if you were in similar straits? Uh, NO.

If you oppose this corporate welfare plan, now is the time to speak and speak loudly.

David Swanson of After Downing Street sent along this long list of readings; check them out. And then take appropriate action. Do it now, before it’s too late.


from AfterDowningStreet:

Please call your Representative in the US House today and say …

Vote NO And We’ll Vote for You, Vote YES And We’ll Denounce You Every
Day for the Next Month

Vote NO on Paulson’s Plunder!

Capitol Hill Switchboard: (202) 224-3121

What They’re Voting on

Five Reasons to Vote NO

Wall Street Welfare Queens

KUCINICH: OPPOSES BAILOUT AND ASKS: “Is this the United States Congress
or the board of directors of Goldman Sachs?”

A Better Bailout
Pelosi Plowing a Republican Bill Through Congress and Pissing Off Republicans at Same Time

What’s Good for Wall Street Is Only Good For Wall Street

Rep. George Miller Defends Democrats’ Conduct on Paulson’s Plunder

They Want Mama to Make It All Better

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week!:
$700 Billion Figure Means Nothing

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

NO BAILOUT Petition by Vermont Senator Bernie Sanders Tops 40,000
Signers – Sign Off for NO BAILOUT

Alabama’s Senator Shelby Rejects Paulson’s Treasury Raid

Bailout Bums: Libertarian-Minded Republicans Are Caught With Their Pants
Down As Wall Street Panics The Capital City

10 Ways to Bail Out Wall Street (and Main Street) Without Soaking

Once in a Century Rip-Off

Socialist Bailout of the Criminal Investment Banks: Are We On The Verge
of The Deluge?

Redistributing the Wealth – National Protests Erupt Over Bailout Plan

How Wall Street Can Bail Itself Out Without Destroying The Dollar

Financial Terrorism

Congress Has 43,457,362 Reasons to Help Goldman Sachs

Thanks, Hank!

Tax Revolt!

Well-Run Banks Balk at Paulson Plan; Should Be Included in Negotiations

Iraq All Over Again: Bush, Paulson and Bernanke are Just Crying Wolf

Predatory Lenders’ Partner in Crime

I DISSENT – An Essay Against A Government Bailout

Rep. DeFazio Asks Wall Street to Pay for Its Own Bailout

Ann Wright and David Swanson Discuss War and Bailouts

Danny Schechter on the Sub-Crime Problem

Rep. Marcy Kaptur on House Floor

“Mortgage Fraud”: The Paulson Bail-Out Plan

Bail Out People Before Bankers

If Congress Agrees to This Rip-off Bailout, We’ll Be Handing the Money
to the People Who Got Us in This Mess

Bailout Plan Won’t Be End of Wall Street Bailouts

Blood, Sweat, and Bailouts

Stand Against the Bailout Scam!

Now is the Time to Resist Wall Street’s Shock Doctrine

Bernie Sanders

Ten Reasons Why Bush’s Proposed Bailout Is Larceny

What Nobody’s Saying: The Bailout Will Kill the Dollar

We Can Stop Paulson’s Plunder

“No Blank Check” or “No %$#!*@ Check”

The Eight Year Bailout

Stop Paulson’s Plunder: ACTION LINKS and Background

Send Your Money to Cindy Before Nancy Spends it All

6 responses to “Dislike $700B Corporate Welfare Scheme? Stop the Bailout


    In the midst of the unsettled financial markets there’s been general agreement about one thing: the outcome of the current crisis will be far-reaching changes to the blobal financial system. For example, Morgan Stanley chief economist Stephen Roach believes the world’s central banks are now being forced to look afresh at how financial bubbles should be handled. Up to now their attitude has been that the markets must correct financial bubbles themselves.

    However, the massive emergence of various kinds of derivative instruments created such huge inverted pyramids above an underlying asset class (such as prime mortgages) that things get out of hand when bubbles burst. Roach believes that central banks can hardly afford to condone bubbles in the future.

    The question to be answered is: How and when they must take steps to avoid meltdowns?
    Fin Week

    As some of Wall Street’s most venerable financial institutions teeter on the brink of self-destruction and are either taken over – in the case of Bear Sterns – or, as in the case of Lehman Brothers, allowed to implode, very few financial sectors appear capable of weathering the storms.

    In view of the “bail out” agreement reached this past weekend it seems as if financial markets throughout the world will however react positively to this announcement. An announcement in my opinion not made by choice, however rather by force! Financial Guru – Warren Buffet correctly remarked that if the “bail out” plan was not approved – the American Economy would face certain “meltdown”!

    In lieu of this it stands to reason that there weren’t much alternatives than to see the bail out plan pass through congress? A certain relief for most – al be it temporary. Both Presidential Candidates voted for the plan as has been seen. Not much of a choice by the looks and sounds of it!

    Certainly the pressing question on our minds should be to now take a calm and responsible view back, on what has caused this catastrophy? We should all agree that it is a catastrophy, although suspended perhaps for the moment. One can only call it “suspended” as this has still to play out and we will see how this effects the struggling markets and economy alltogether in the short, medium and long term!

    IS THERE ANOTHER 700 BILLION US$ available should this not work?

    One cannot help but wonder after pondering on all of this for months on end – who is the biggest terrorist or threat facing America after all? Is it Osama Bin Laden – or worse, is it someone or something, much closer to home? I certainly don’t want to be in the shoes of the current President and wonder if anybody in his right mind would like to be in the future President’s shoes!

    However, fill the shoe we have to, and it is now up to every single one of us to realise that the problems facing America is far greater than we want to believe. Republican, Democrat or Independant all stood together, cried together and worked together when the tragedy of 911 struck!

    The tragedy of September 2008 is far worse!

    We don’t have the liberty of taking on the world at present! No matter how righteous our beliefs are, no matter how convinced we are that terrosism should be fought in every corner, every nook and cranny, and in any place in the world. More Americans have died in this war than in 911 and we are not calling it a tragedy or catastrophy? No, we accept it because we are dying for our country, our beliefs and our ego!

    Senator McCain says that he will not see to it that we pull out of this war before victory! He knows how it feels to come home defeated and to live to the consequences of knowing that a lot of people, or so he believes – has died in vain!

    Are we staying at war because we don’t want to feel bad? Are we loosing our children because of ego’s?
    Or worse, are we staying at war to loose our country and our very excistence?



    Undoubtedly the bail out is necessary, could it have been avoided – too late to ask! Can it be avoided in the future – we have no alternative but to believe it can! The question is how?

    Now, we can tighten up the budgets on every field of the economy, we can harness in every corporate company to be more dilligent in their dealings. We can increase or decrease taxes, impose new legislation, fire the wrong doers or restructure government to be more lean and mean.

    All of this is however in vain, if we are still going to remain a “country at war”!

    It’s simple economics people! The war is killing America! It costs us a hell of a lot more than it costs Osama Bin Laden and Company to fight this! Perhaps he is a lot more astute than we will give him credit for! Perhaps he has gone into hiding, knowing that sooner or later – the “meltdown” will begin!

    Sure we need to keep face in the world! Are we doing this now?

    I don’ think so!

    It is my opinion that if we wan’t to weather the greatest economic storm ever to hit our shores, we need to act and act now, before it’s to late! Our leader, Republic or Democrat will have to realise that we can’t stay at war and build our economy up again – it’s childish to even contemplate that.

    If the world believes we are doing the right thing fighting terrorism offshore, then the world should climb in and help finance this war much more than they are currently doing! If not – we need to pack up and go home before it is too late!

    No other country in the world other than America is facing a “meltdown”? Why should we?

    I know there is a lot more to it than a normal citizen like you and me know about this alltogether. However, it is time we harness our strength as ONE NATION and forget about politics for now. We need to think about America – all of us!

    The “Barbarians are at our Gate”, not in Irak or Pakistan!

    Join me in my blog: http://chasemorgan.wordpress.com


    Chase Morgan

  2. R700 Billion Dollar Bail Out Fails!

    Well there we have it, the first round to getting the “bail out” plan to be passed has officially failed! Although the markets, the top news agencies, chief economists and the likes of Warren Buffet have predicted that America has no choice but to accept the proposal – it has failed!

    Even I am surprised to say the least, as I am sure most of you are too! After reading comments such as – PASS THE PLAN OR FACE ECONOMIC MELTDOWN – it has done just that! The plan has been failed in congress.

    The question certainly on everybody’s mind now is, are they mad, are they trying to ruin the country, or are they once again simply playing politics instead of thinking about America first?

    The question is who is to blame again? Someone is going to blame someone else and Republicans are going to blame Democrats and vice versa. As the news breaks on CNN the latest statistics show that the total votes for the plan were 205 and against were 228! Democrats for the plan = 140, against = 95. Republicans for the plan = 65, against = 133.

    Does this matter who was for and who was against – NO IT DOESN’T! Who brought the plan to the table in the first place – YES GUESS WHO?

    The fact is it did not pass and we can now either FIX THE BLAME, or for once Congress can sit down and START FIXING THE PROBLEM – NOW!

    The fact that people are already blaming each other for delivering a bad speach – I am referring to the Republican comments on Nancy Pelosi’s speach, is abolutely BULLSHIT!

    COME ON AMERICA – we are grown ups, not bloody kids! Who are these people? A plan of this nature is certainly based on “documented facts”, “written drafts” and NOT ON SOMEBODY’S BLOODY SPEACH!

    AMERICA IS IN TROUBLE – GRAVE TROUBLE, yet we still accommodate leaders who are voicing their political emotions and how they feel about the other!


    What about the people in the middle class who are fighting to survive day by day, and simply don’t have the luxury of waiting for you boys to finish your party games and your power fits??

    Please read my post on BARBARIANS AT THE GATE and you will relaise excatly what I mean! We have more enemies of ignorance in our midst than all the terrorists in this world put together!


    Visit my blogg at: http://chasemorgan.wordpress.com


    Chase Morgan

  3. alexhiggins732

    Fight the Wall Street Bailout

    This bailout is nothing but bad news. There is no real crisis, the market sell of is a result of fear mongering by President Bush

    The bill allows for foreign banks to dump all of their bad assets into American banks, who can in turn sell the debt to the treasury.


  4. Chase Morgan

    Very few people are happu with plan. After all the President recently said that: quote … if we don’t come up with a plan, this “sucker” is going down … end quote.

    WHo is he referring to? Himself, the country or us Americans?

    Go to my blog for the full story and keep blogging.



  5. Please. Bush go down? The neocons won’t allow that. What’s going down? The country. The world. Decency. You. Me.

    Keep up the good work, CM.

  6. Pingback: Bend over and say Bailout: The Senate Passes Corporate PayDay « Reverend Manny and The Twilight Empire

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