Please take one minute of your time to sign the petition.
We the american people have the right and responsibility to express our feelings and opinions on issues.
It's the way we change the world people.
One little thing at a time.
Do your part, or bite your lip on anything political.
I don't wanna hear it ;)
We shape this country based on the people we elect.
Next step, contact your representatives with your opinion on current issues.
Public pressure has an immense factor of what bills are passed.
Our elected officials have two very important job functions.
Their job is to serve their constitutes.
More important is the fact that they are elected to be the voice of their community.
They are there to weight the pros and cons of issues, and to vote for or against bills,...according to the voice of their constitutes .
Again, that's us.
So, enough nagging.
I know I tend to ramble on when I'm passionate bout' something =)
Thanks for listening.
I know I tend to ramble on when I'm passionate bout' something =)
Please do the right thing...
Use your vote and your voice!
Lets turn this damn country back around =)
Love,
Angel
Now anyhoo... onto the issue of the day..........
Stop Paulson's Plunder
George Bush wants taxpayers to give Treasury Secretary Henry Paulson a $700 billion blank check - $2,333 for every man, woman, and child - to bail out Wall Street for its reckless speculation and greed.
That's on top of $1.1 trillion for Bush's other recent bailouts, including A.I.G., Fannie Mae, Freddie Mac, and Bear Stearns.
The Paulson Plan is a total outrage with no restrictions,
no accountability, and no repair of the underlying problem of foreclosures on fraudulent mortgages.
Each of Bush's previous bailouts was sold as a cure for the financial crisis, but each had little effect.
The Paulson Plan achieves only one goal with certainty: stealing from the middle class to protect the rich.
The current financial crisis is the direct result of 28 years of rightwing Republican deregulation, corruption, and greed, which became fatally toxic under Bush-Cheney and the Republican Congress.
When George Bush stole the White House in 2001, President Clinton handed him a projected 10-year surplus of $5 trillion.
But Bush immediately gave $2 trillion in tax cuts to the wealthiest Americans, then wasted $1-3 trillion invading Iraq on the basis of lies. Now Bush demands Congress increase the national debt to $11 trillion.
Congress must reject Paulson's Plunder and enact a plan with these progressive principles from the Backbone Campaign:
A. The people who caused the problem or profited most should pay for it
1. Highly compensated executives total compensation should be capped or taxed heavily as a condition for being bailed out.
2. Tobin tax on all transactions in Finance, Insurance and Real Estate including currency transactions.
3. Government takes an equity stake, proportionate to the size of the bailout
4. Tax hedge fund managers' income
5. Accountability - fire executives of failed companies as done in the UK, and abrogate their severance packages.
6. Impose a five-year, 10 percent surtax on income over $1 million a year for couples and over $500,000 for single taxpayers.
B. Re-regulate to prevent this from happening again
1. Direct the Federal Reserve to intervene to prevent asset bubbles.
2. Extend reserve requirements to new security categories
3. Regulate the packaging of loans so they can be evaluated, rated, and priced rationally.
4. Regulate hedge funds and private equity funds in a way comparable to banks
C. Include Main Street in the bailout and invest in a new productive economy
1. Establish a moratorium on foreclosures, renegotiating mortgages or institute a rent-to-own plan to keep people in homes.
2. Create a major economic recovery package which puts Americans to work at decent wages, in productive jobs that add value to homes and communities.
3. Invest the taxes on speculation, executive compensation, and the surtax on the wealthy in clean energy, infrastructure, education, and health care.
http://www.democrats.com/stop-paulsons-plunder
