Tuesday, September 23, 2008

Get Over The Shock ... Stop Them Now!

Dear Readers,

If the last few days have left you with the same feelings that you had during the run up to the Iraq War you're definitely not alone.

Remember the WMDs that posed an imminent threat to America?

Remember the statements that implied that the Iraqi oil revenue was going to pay for the war?

Now the Bush Administration and The Fed are saying that we have a financial crisis that needs an immediate $700 billion infusion from the American taxpayer. Did you know that some of that money could be used to bail out foreign owned banks?

Within the next 24 hours, Congress is expected to make an historic choice in addressing America's financial crisis:

Cut the Bush administration a $700 billion blank check for Wall Street
demand sensible public checks and balances in the $700 billion bailout.

Well, before you let them cut that blank check think about this?

Remember the brave US service men and women who were sent to war in Afghanistan and Iraq without proper body armor.

Remember the appalling conditions at Walter Reed Medical Center.

Remember that the US embassy in Iraq which cost in excess of $600 million to build and is projected to have an annual operating cost of $1.2 billion.

Remember that President Bush vetoed a $35 billion expansion to the SCHIP program which would have provided health insurance to millions of America's uninsured children. He said that we couldn't afford it.

Remember the devastation caused by hurricanes Katrina, Rita, and now Ike. There are still parts of New Orleans' 9th Ward as well as many parishes in Western Louisiana which have yet to have all of the debris removed.

Remember that five years after the worse blackout in US history, the energy grid is still "in dire straits".

Americans, Get Over The Shock Already!

Are you going to let The Fed, the Bush Administration and Congress rush through a $700 billion dollar bailout of Wall Street and the banking industry when all of the aforementioned have put America and Americans last time after time after time after time?

Now, I'm not saying that nothing needs to be done to fix this broken economy. But are you going to let them rush to a bailout like they rushed to a war?

I just took action with the Campaign for America's Future to weigh in for common sense solutions. I wanted to urge you to do the same. Please write an emergency letter to Congress now, and tell them: **No $700 Billion blank check to the Bush administration for Wall Street!**

Enough is Enough!

Speak up now, this may be your last chance.

In the following video clip, Rep. Dennis Kucinich sounded the cry --


He may have been addressing the Democratic National Convention at the time but his words are a call to all of us.

Americans wake up. Please!

Related posts:

A Healthy Dose of Economic Reality
July, 2008

In Search of Answers to the Foreclosure Crisis That Won't Make Matters Worse
May, 2008

Bad Luck, Incompetence, Lack of Regulation, or Simple Avarice
March 2008

Where Are They Getting The Money?
March, 2008

Watch for the Signs
October, 2007

Lay, Skilling Convicted in Enron Collapse
May, 2006

For Minorities, Signs of Trouble in Foreclosures
February, 2006


The Debt Peonage Society by Paul Krugman
New York Times, March 2005

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