Monday, September 22, 2008


From our friends at A.N.S.W.E.R. Coalition and True Majority






Demand that the Bailout Legislation Be Rejected


We are witnessing a bankers' coup d’etat. In the name of saving the economy from a crisis created by their own greed and immense profits, Bush and the biggest bankers have taken a country and a people hostage.


“Give us your money and tear up what’s left of your Constitution or we will sink your economy,” is the message from Wall Street and the Bush Administration. “Give us the power and money we demand or you will be left jobless from a new economic depression."


Under the pretext of the banking crisis, the Bush Administration is changing the way this country operates. This is not simply taking trillions of dollars from the people and giving it to the richest bankers to do with as they see fit.




Congress is poised to vote to give the Executive Branch of government, and specifically the White House’s political appointees in the Treasury Department, the absolute right to take our money and give it to domestic and foreign banks and corporations without any oversight of elected officials, from the courts, or from the people.


The new legislation states: “Decisions by the Secretary [of the Treasury] pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” The Legislation allows the Treasury Department to appoint the same bankers who created the crisis to administer and dictate the use of trillions of our tax dollars.


We will not stand by and let the Bush Administration formalize its vision of a “government of, by and for the richest bankers." The new system institutionalizes theft on a grand scale.


Lehman Brothers bankers will receive $2.5 billion in bonuses after their company went bankrupt last week, but the new dictatorial authority under the White House and Treasury Department has ruled out any relief for the millions of working families who are being foreclosed. We live in a $15 trillion annual economy. Instead of taking our tax dollars and giving it to the already rich and powerful, these funds should be used provide to decent paying jobs, affordable housing, health care and a good education for our children. There is another way! Now is the time to hear the voice of the people. A spineless Congress authorized Bush’s illegal war in Iraq and rubber-stamped the Patriot Act. Now they are being herded like sheep again to give the White House and Wall Street dictatorial control over the people’s money.Click here to send your letter to Congress

FROM TRUE MAJORITY.ORG

Call your Senators right now and urge them to stop the Bush corporate bailout.In his last days in office, George Bush is trying to scare Congress into giving away the treasury to Wall Street.
Those are extreme words, but not as extreme as the reality -- over the weekend a plan was concocted to give away $1.8 trillion dollars of tax money with NO limits on how it's spent, and no guarantees we'll ever see it again.1 And the Treasury Secretary had the gall to say limiting payouts to executives who created this mess would be a "deal breaker."2 This is a deal which SHOULD be broken. Or at least re-negotiated. Economists have already made clear that this is a bad deal for everyone except the corporations and wealthy investors whose greed created the crisis.3
Tell your Senators to oppose George Bush's corporate bailout:
http://www.truemajority.org/NoBailout/index.php?state=MI
The Bush administration is trying to ram this through in only 72 hours by claiming there will be dire consequences if we don't pass the bailout exactly as written. Once again they're using fear to scare Congress and the American people into submission. We have to stop them.

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