700 Billion Reasons To Say No To Bailout!

[BOBT12]

As you can see this bailout really stinks, I did a second message to congress, after reading more about this insane plan, which would attempt to add almost a trillion dollars to the current debt. You know what Warren Buffet had to say about debt, "it is like a drug" to those who are addicted to it.

Please let Congress know that you don't support this bailout!

===Letter to Congress

I want you to vote "no" to the bailout that's under consideration and adopt the Newt Gingrich Plan briefly outlined below.

I. Say "no" to the bailout.

It gives too much authority to the Secretary of the Treasury and does not solve the underlying problems. This is just a "blank check".

All that will happen is the national debt will be increased, and they'll be back for more.

II. Change the mark-to-market accounting rule.

Instead of using current value of an asset, it uses real or final value.

III. Repeal all capital gains taxes.

It would stimulate the market by bringing more money into the market immediately.

IV. Drill here, drill now.

We're spending $700B now on imported oil. That money could be kept in America.

V. Just say "no" to an increase in tax, and say "no" to this bailout.

"When men are oppressed more by taxes than by enemies, taxes are unconstitutional." --Thomas Paine, "Rights of Man", 14.

"Some people seem to think that God has handed money to the federal government, and the money will be unavailable if the government doesn't use it -- that if government doesn't spend money on school lunches, children will starve; that if government doesn't subsidize single mothers, they'll die in the streets; that if government doesn't spend money on research, progress will stop. In truth, all the money the government spends was taken from the people who earned it -- who are perfectly able to spend it on anything they think is important. When we repeal the income tax, these people will have a trillion dollars a year to spend on whatever they want and need." --Harry Browne, 1996 and 2000 Libetarian Party Presidential candidate, bestselling author.

Thanks for consideration.

I also sent a message Monday, however, I feel that a stronger "NO" was in order.

I am against the $700 billion bailout plan; it is a taxpayer sponsored plan to prop up bad business risk, forcing the taxpayer to assume to risk, which should have been the job of the people to do in a private fashion. "The Constitution is a written instrument. As such, its meaning does not alter. That which it meant when it was adopted, it means now."
-- South Carolina v. United States, 199 U.S. 437, 448 (1905). The founders would not be happy with this bailout, in my view.

I certainly hope that this plan does not attract more pork barrel spending, which is likely in time. "Good intentions will always be pleaded for every assumption of authority. It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters."
-- Daniel Webster

However, any proceeds from the asset liquidation, connected to the $700 billion bailout, must be used first to retire the debt the government assumes to fund the liquidation, and that any net profits from the sale of these assets is used either to reduce taxes, or rebate taxes to the PEOPLE (taxpayers).

Some might be interested in the following White Paper by Weiss Research. Things look worse than we've been told.

Notice the summary:

And, pay attention to the listings that start on page 15.

Wow, many thanks.


I use the DownsizeDC.org system. I will try to follow up with calls later.

[BOBT12]

This is rather timely.

The RTR team is closely monitoring the activity and discussion
occurring concerning the emergency 700 Billion dollar bailout.

Members of Wall Street are pointing fingers, the FBI has
started investigations, FED Chairman Bernanke is acting like a
unshaven homeless beggar with the shakes, Treasury Secretary
Paulson is asking Congress to start a Nationwide Chipin... and
the world is watching it all.

While America is distracted trying to see who is pointing at
who to blame, the members of the Freedom Movement all slowly
turn our heads and extend our finger and point to the problem
we have been screaming about for years... THE FEDERAL RESERVE!!!

Ron Paul said today, "The claim that the market caused all
this is so staggeringly foolish that only politicians and
the media could pretend to believe it. But that has become
the conventional wisdom, with the desired result that those
responsible for the credit bubble and its predictable
consequences- predictable, that is, to those who understand
sound, Austrian economics - are being let off the hook. The
Federal Reserve System is actually positioning itself as the
savior, rather than the culprit, in this mess!"

The Republican elite could have had their solution ride in on a
white horse if they grew a spine and opened their ears and
opened their doors to Ron Paul, but now they will be forced to
stand in breadlines with the rest of us as we throw piles of
cash into our furnaces to keep warm this winter.

NOW IS THE TIME TO STRIKE WHILE THE IRON IS HOT.

The national dialogue on every news network, in every newspaper,
on every radio show is revolving around the bail out. Only a
small few have stepped up and pointed at the FED as the source
of the problem.

Because we are not funded by corrupt FED money we exposed the
truth back in our January issue of Republic Magazine, and Russo
exposed the truth TWO YEARS AGO in "America: Freedom to Fascism"!

Here is the course of action we must take as a movement today:

Step One:

Download and email the "Financial Collapse" issue of Republic
Magazine to everyone you know to educate them on the SOURCE of
the problem:
http://www.republicmagazine.com/maga...-Magazine4.pdf

Order bulk hard copies of issue 4 for hand distribution by visiting:
http://RepublicMagazines.com

(only 5000 copies left)

Step Two:

Join us in the national protest to END THE FED on November 22nd
by visiting and signing up at http://EndTheFED.us

Step Three:

Share the video link that exposes the Federal Reserve as a PRIVATE
Bank FROM THEIR OWN MOUTH: http://MeetTheFED.com

Step Four:

Join JBS in their initiative to DEMAND a NO vote on the bail out:

Tell Your Representative and Senators to Vote NO on the $700
Billion Bailout Proposal

September 23, 2008: Congress is poised to vote on an unprecedented
$700 billion Wall Street bailout bill late this week.

Congress must decide between:

* Voting NO and allowing the free market to liquidate
bad debts and unviable companies through allowing
market prices to prevail; or
* Voting YES and empowering the Treasury Department and
Federal Reserve to provide bailouts for troubled
financial institutions with $700 billion (more likely
trillions of dollars) created out of thin air, leading
to rampant inflation of the dollar at best and the
destruction of the dollar at worst.

Take Action! Email and/or phone your representative and
senators immediately:
http://capwiz.com/jbs/utr/1/BCZAJFRS...NRQ/2422893266
Tell them to stand up for the Constitution, the free market,
and the dollar by voting NO on the $700 billion Wall Street
bailout bill.

Take Action! Visit your congressman's local office this
Thursday (September 25th) in opposition to the $700 billion
Wall Street bailout bill and to help get the ball rolling to
End the Fed.
http://capwiz.com/jbs/utr/1/BCZAJFRS...NRR/2422893266

Tell your representative and senators to stand up for the
Constitution, the free market, and the dollar by voting NO
on the $700 billion Wall Street bailout bill.

================================================== ===============
PLEASE FORWARD, POST, BLOG, TAG, COMMENT, AND SPRAY PAINT THIS
EMAIL ON THE WALLS OF THE WORLD WIDE WEB.
================================================== ===============



Sent from the Freedom Movement Headquarters at:

RestoreTheRepublic.com, 3149 Dundee Rd #176, Northbrook, Illinois 60062, USA

[BOBT12]

Here is a little more

D o w n s i z e r - D i s p a t c h
--------------------------------------------------------------------------------

Jim Babka will be speaking in Connecticut this weekend. Details below the signature.

Quote of the Day:
"The government broke it. I don't trust them to fix it."
-- Senator Jim DeMint, Republican, South Carolina

Subject: Downsize DC commits suicide

We've heard the Treasury Secretary and the Federal Reserve Chairman make their case for a $700 billion bailout of the financial markets. We're not persuaded. Quite the contrary. We reject their predictions of dire consequences if their plan doesn't pass. We're so convinced of this that we're willing to stake our continued existence on it.

If the economy goes into a deep slump because they didn't pass their bailout plan then charitable contributions will be among the first things cut from family budgets. If we're wrong then we'll be among the many institutions to fail. But we don't believe we're wrong. And we don't believe we'll fail.

In 2003 dire warnings about "weapons of mass destruction" were used to justify an unnecessary war in Iraq. We bucked the tide of public hysteria and dared to claim that there were NO "weapons of mass destruction" in Iraq.

We were right, and popular opinion, driven by political fear mongering, was wrong. Now we're being told that our economy is threatened by "financial weapons of mass destruction," and we'll once again buck the hysterical trend by predicting that . . .

There are no "financial weapons of mass destruction" threatening our economy -- except for the $700 billion bailout plan.

We don't believe that mortgage defaults on a mere 3 million homes have the power to halt the mighty American economic engine. It's really that simple.

Many wild claims are being made. Yesterday, on CNBC, Jim Cramer predicted a Great Depression II if the bailout plan isn't passed. Cramer is even willing to let the Democrats cap CEO pay and take ownership positions in troubled firms (so******m), if that's what it takes to pass the bailout plan. Cramer, despite his great intelligence and personal charm, is madly, hysterically, wrong.

In the Great Depression 40% of homes went into foreclosure.

Today the foreclosure rate is only 6%, and the trend is toward fewer foreclosures rather than more.

We're far closer to the end of this problem than we are to the beginning.

Of course, the fear mongers will claim that we had a 40% foreclosure rate in the Great Depression precisely because the government didn't intervene soon enough, and that current foreclosure rates will spiral out of control if the bailout bill isn't passed. This reading of history gets the true story of the Great Depression exactly backwards . . .

The myth is that President Hoover did nothing after the stock market burst in 1929. Nothing could be further from the truth. In fact, Hoover actually began the kinds of interventions that are commonly associated with FDR. Roosevelt was merely copying, and dramatically expanding on what Hoover had already done, not setting a new course. And look at what the results were . . . a Great Depression that lasted for 12 long years! [Remeber, the Federal Reserve was helping at this time, too! Isn't it strange that there was no Great Depression without the Federal Reserve? -BOBT]

Hoover and Roosevelt both tried to stop market prices from falling, which is exactly what the current proposal aims to do. But the result in the late 20s and early 30s was that the market never cleared, and so the Depression went on and on and on.

We could have the same thing again today if we allow the government to once again intervene in natural market processes.

The fact is that the politicians, the bureaucrats, and various hysteria mongers, are misleading us. They tell us that the market is frozen, but the fact is that commercial loans are at an all-time high, and even real estate loans ARE HIGHER THAN THEY WERE LAST YEAR! The fact is that . . .

The current "crisis" is mainly centered among the highly leveraged investment banks on Wall Street, but even there the market is far from frozen. Merrill Lynch was able to sell its bad assets and was then bought by Bank of America (which had earlier bought CountryWide).

Does this look like a frozen market to you? It doesn't to us.

And would it really matter if the markets were "frozen?" Inactive markets simply mean that buyers and sellers of assets have a disagreement about what those assets are worth. We must not allow the politicians and the bureaucrats to substitute their judgement for the judgements of buyers and sellers who are, after all, SPENDING THEIR OWN MONEY, whereas the politicians and bureaucrats are asking to spend YOUR MONEY!

We've taken the time, and shown the courtesy, of hearing our "leaders" speak, and having done so, WE REJECT THEIR CLAIMS! THEIR MUST BE NO BAILOUT, OF ANY KIND!

Please be clear about what we're NOT saying. We're NOT saying that things are rosy, or even all that good. As we explained Monday, we're feeling the effects of a FED-generated bubble pop. We are very simply saying that a bailout is wrong-headed and unnecessary, and could even make things worse.

If you agree with us, please tell your elected representatives to OPPOSE ALL BAILOUTS! You can use our generic campaign for cutting federal spending to send your message. Use your personal comments to reject the bailout and to make any of the points we've made in this message, or additional arguments of your own. You can send your message using our Educate the Powerful System.

But don't stop there. Please take the following additional steps . . .

* Call your Representative and your two Senators after you've sent your message
* Pass this Dispatch to others -- SOUND THE ALARM AND SPREAD THE WORD
* Register for a Digg account, and then Digg this message on our blog.

Finally, we've staked our existence on our principals and our best judgement. We expect to thrive, not die. But we are struggling in this economy too. Many DC Downsizers have had to cut their pledges because of the current downturn. Some have lost their jobs. We really need those of you who are still doing well to come to our aid. We especially need new monthly pledges to replace $400 a month we've lost so far this Summer. You can make a contribution here.

Thank you for being a part of the growing Downsize DC army!

Jim Babka & Perry Willis
President & Communications Director
DownsizeDC.org, Inc.

P.S. This morning, I was on Brad Davis' show on WDRC-AM to talk about the first annual, "Connecticut Liberty Forum," to be held September 27-28, 2008. I'll be back on Brad's show on Saturday morning (9/27), just hours before I speak about "Making Congress Accountable to the Constitution." Also appearing at this Bristol, CT event, will be . . .

* Michael Cristofaro, Plaintiff in the New London, CT eminent domain case, will talk about that case, after he and Susette Kelo are presented with the very first Connecticut Freedom Fighter Award.

* Robert Levy, Senior fellow in Constitutional Studies, CATO Institute. His topic: “Is the Supreme Court Eroding Our Liberty?” Mr. Levy will stick around to sign copies of his new book, “The Dirty Dozen – How Twelve Supreme Court Cases Radically Expanded Government and Eroded Freedom”

* Also speaking... DC Downsizer Alan Schaeffer, Alliance for the Separation of School & State; DC Downsizer Dr. Robban Sica, Vice President of CT Health Freedom Coalition; DC Downsizer and Attorney Deborah Stevenson, Executive Director of National Home Education Legal Defense; Bob Schulz, We the People Foundation; Dr. Katherine Albrecht, co-author of "Spychips," and more.

I want to encourage you to come to this event -- to meet me and hear the other speakers. Please use the code "Downsize DC" to get a discount when you register in advance. Complete details can be found at http://nheld.com/CTLibertyForum.htm.

And if you're coming to Bristol, CT, please let me know by hitting Reply to this message TODAY. My wife Sue and I like to make time to meet with DC Downsizers when we're traveling. We will be in touch.

D o w n s i z e r - D i s p a t c h
is the official email list of DownsizeDC.org, Inc. & Downsize DC Foundation

CONTRIBUTE to the Electronic Lobbyist project

http://www.DownsizeDC.org is sponsored by DownsizeDC.org, Inc. -- a non-profit educational organization promoting the ideas of individual liberty, personal responsibility, free markets, and small government.

You are encouraged to forward this message

[free*to*be*me]

I got this email today hows this sound to all?
******************************************

THIS PUTS SOME PERSPECTIVE ON THE CURRENT BAILOUT PLAN;

I believe that I may agree with the suggestion below, it is a great economic stimulus package.



The Birk Economic Recovery Plan

An outstanding plan!
-----------

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in

a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000

bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman

and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a

We Deserve It Dividend.

Of course, it would NOT be tax free.

So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.

That sends $25,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $297,500.00 in their pocket.

A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?

Pay off your mortgage - housing crisis solved.

Repay college loans - what a great boost to new grads

Put away money for college - it'll be there

Save in a bank - create money to loan to entrepreneurs.

Buy a new car - create jobs

Invest in the market - capital drives growth

Pay for your parent's medical insurance - health care improves

Enable Deadbeat Dads to come clean - or else

Remember this is for every adult U S Citizen 18+ including the folks

who lost their jobs at Lehman Brothers and every other company

that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of




trickling out a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by


one of our candidates for President.


If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!

As for AIG - liquidate it. Sell off its parts.

Let American General go back to being American General.

Sell off the real estate.

Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work."

But can you imagine the Coast-To-Coast Block Party!

How do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion

We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned

instantly in taxes to Uncle Sam.

Ahhh..I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birkenmeier, A Creative Guy & Citizen

[BOBT12]

Originally Posted by free*to*be*me

I got this email today hows this sound to all?
******************************************

THIS PUTS SOME PERSPECTIVE ON THE CURRENT BAILOUT PLAN;

I believe that I may agree with the suggestion below, it is a great economic stimulus package.



The Birk Economic Recovery Plan

An outstanding plan!
-----------

It's okay, as far as it goes. However, what about a $700 billion taxcut, since we have all this money floating around.

[David Merrill]

I love those ideas! Now how about bailing out the American homeowner? Great approach. And essentially why the Congress fell apart while the Fed tried to shove the Bailout down their throats. And I heard from both Candidates that neither one of them likes the Package at all. There is a pressure to save banking - sure! But neither Candidate answered.

[lost and found]

ABOUT TIME! AMERICANS CALL YOUR CONGRESS PEOPLE TODAY AND VOTE OUT THE FED!

HR 2755 IH


110th CONGRESS

1st Session

H. R. 2755

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES


June 15, 2007

Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,


SECTION 1. SHORT TITLE.


This Act may be cited as the `Federal Reserve Board Abolition Act'.


SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.


(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.


(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.


(c) Disposition of Affairs-


(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System--


(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks--


(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and


(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and


(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.


(2) LIQUIDATION OF ASSETS-


(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.


(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.


(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.


(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.

[lost and found]

free to be me- the numbers don't seem to add up.

check our math.

[antjraf]

How about this...

This proposed "bailout" was designed specifically with the knowledge that the people would vote it down.

Where do the "powers that be" eventually want to take us? The North American Union and the new currency "Amero" is what your "owners" want. However, it isn't something the people will just accept, so how do we get the people to agree and ask for this end game scenario? Let's create a fiancial crisis and promise to provide the solution. If the people oppose it, the consequence we will create will be so severe that the people will cry out for help. This will bring us to our end game, which is where we wanted to go in the first place.
(Sound familiar... 1913, 1929, 1933, Federal Reserve)

This is classic a Communist, Socialst style take-over of free societies. (Not that it already isn't that way)

Research the KGB subverter Yuri Besmenov interview circa 1985. He explains the four stages of subversion:

Demoralization
Destabilization
Crisis
Normalization

Sounds like a big shift is about to take place.

The proponents will say.. "If Europe created the European Union and the Euro, why do we feel we shouldn't follow suit, it only makes sense in this day and age. This is progress, don't be a fool and stick to old ideas of a free Republic. The times have changed and we must change with it."

And the sheeple will say... ooooooookaaaaaaaaaay.

[netwrkranger]

Originally Posted by antjraf

How about this...

This proposed "bailout" was designed specifically with the knowledge that the people would vote it down.

Where do the "powers that be" eventually want to take us? The North American Union and the new currency "Amero" is what your "owners" want. However, it isn't something the people will just accept, so how do we get the people to agree and ask for this end game scenario? Let's create a fiancial crisis and promise to provide the solution. If the people oppose it, the consequence we will create will be so severe that the people will cry out for help. This will bring us to our end game, which is where we wanted to go in the first place.
(Sound familiar... 1913, 1929, 1933, Federal Reserve)

This is classic a Communist, Socialst style take-over of free societies. (Not that it already isn't that way)

Research the KGB subverter Yuri Besmenov interview circa 1985. He explains the four stages of subversion:

Demoralization
Destabilization
Crisis
Normalization

Sounds like a big shift is about to take place.

The proponents will say.. "If Europe created the European Union and the Euro, why do we feel we shouldn't follow suit, it only makes sense in this day and age. This is progress, don't be a fool and stick to old ideas of a free Republic. The times have changed and we must change with it."

And the sheeple will say... ooooooookaaaaaaaaaay.

Quite simply, the scenario you describe is a Hegelian Dialect. One of many standard tactics used by elites in order to move forward an agenda.