Senate Overwhelmingly Passes Bailout Package
Our Elected Wall Street Cronies (Senate) overwhelmingly passed the massive bailout bill tonight with a final tally of 74-25.
Guess our only hope for failure is in the House vote on Friday - Keep sending the emails and phone calls - let them know how you feel!
DON'T LET THIS PASS! Contact your Congressional Representatives and tell them: NO BAILOUT!
The Senate added numerous sweeteners to the Bill on Wednesday and it is now 451 pages - It'll probably grow once again when the house is finished.
- The Senate modified the $700 billion financial rescue plan with a provision that gives the Treasury Department the authority to buy troubled mortgage securities.
- The bill also now includes an extension of numerous tax breaks for research and development and renewable energy companies, as well as personal tax breaks for college tuition and disaster victims.
- It proposes adjusting the Alternative Minimum Tax, so it doesn't hit more than 20 million middle class Americans in 2009.
- Another key modification is a one-year increase in the limits of personal bank savings the government insures up to $250,000.
If you want to band-aid our MASSIVE economic problems only to experience hyperinflation (combined w/economic depression) later in the game, do nothing. Otherwise, get on the phones and email your Congressional Representatives.
Ultimately, we're headed for ENORMOUS economic pain - regardless of whether or not this Bill gets through the House, but we the people have a voice and we need to be heard!
If united, we can work to take down this corrupt cesspool of Banks/Wall-streeters who have pulled the strings in Washington for far too long.
Is our current status-quo gvt. the appropriate government to pass on to our children?
Before answering that question, I want you to think long and hard about Abraham Lincoln's words given at the Gettysberg Address: so "that government of the people, by the people, for the people, shall not perish from the earth."
Well my friends, that form of government has perished from the earth and Wallstreet now makes all the rules.
Again, do your part as an AMERICAN WHO DEMANDS CHANGE: DON'T LET THIS BILL PASS!
Contact your Congressional Representatives and tell them: NO BAILOUT!