PAGE TWO	ACTION ITEMS	ARTICLES	AUTHORS	COMMUNICATIONS	SEARCH: SITE MAP

Stop More Bailouts

by: timothy dinkins | published: 04 23, 2010

Share |

You may have read in recent days about the Obama administration's push for financial reform.

Americans want to stop a repeat of the issues that caused our temporary financial collapse. However, one of Obama and the liberal's solutions is to create a permanent bailout fund - a fund that would be used by the government for future bank bailouts they believe are "too big to fail."

Many conservatives agree that we need changes, which should include stopping groups like ACORN from pushing for subprime mortgage lending.

But Americans should ask ourselves - do we want the government sitting there day-by-day waiting to bail out private companies politicians think are too big to fail?

Currently Republicans and Democrats on the Senate side are trying to seek a compromise to get a reform bill passed.

Tell them not to support bailouts for TOO BIG TO FAIL banks!

Sign the Petition and Send a Message Here and Now - tell Republicans and Democrats in the Senate to Not Create a Permanent Bailout Fund. End the Too Big To Fail Bank Bailouts!

Yesterday the President gave a speech where once again he pushed for more bailouts.

The Associated Press reported, "The President acknowledged differences of opinion over how to best protect bailout-weary taxpayers but denounced criticism from some Republicans who claim a Democratic-sponsored bill headed for Senate action would encourage rather than discourage future bailouts of huge banks."

But, Mitch McConnell the Republican Senate Leader told CNN that the President, "ought to talk to his own treasury secretary, who agrees with me, as well as the Washington Post and the Wall Street Journal, that there is a bailout fund in the bill that was reported out of the Banking Committee, the partisan bill that came out of committee on a party-line vote."

Obama is trying to tell the American people there is no permanent bailout mechanism, but it is there and they are pushing for it.

Send a Message Here and Now - tell Republicans and Democrats in the Senate to Not Create a Permanent Bailout Fund. End the Too Big To Fail Bank Bailouts!

Some Republicans are seeking to compromise with the President and the Democrats.

We need to keep the pressure on - any compromise should not include a permanent government-run bailout fund!

Despite Obama's claims there is no permanent bailout fund in the law, here is what the law says: H.R. 4173, Subsection 1609(o) provides authority for the government to borrow up to $200 billion that can be used by the government to finance its bailout actions. S. 3217, Subsection 210(n) creates a special $50 billion fund for the same purpose.

Billions of dollars in new government bailout funds - just waiting to be given to banks "Too Big To Fail." Tell the Senate "NO."

Send a Message Here and Now - tell Republicans and Democrats to End the Too Big To Fail Bank Bailouts!

Please help ACU fight this battle today.

We need to start limiting the size of government, not create more government programs providing for bailouts.

Send the message here, today.

add a comment

Blog:

Conservative Crusader

Topics:

conservative, republican, right wing

Follow my blog

Stop More Bailouts

add a comment

action items!

The Tennessee Republican Assembly Joins Resolution Against Sen Alexander's National Internet Sales Tax Mandate

Republican Leaders in Pennsylvania Hold the Key to School Choice Reform

Tell Your Representative to Vote YES on H.R. 1229 Putting the Gulf of Mexico Back to Work Act

Stop The Internet Sales Tax

Ask Sen. McConnell to Appoint Sen. DeMint to Senate Finance Committee

popular articles

B. HUSSEIN OBAMA: 'I will stand with the Muslims. . .

Does Obama Want to Destroy America? Yes, But…

Exit - Stage Left: California's Proposed Departure Tax

Damnable heresies invading the Church

Alleged Rollin' 30s Harlem Crips Members Arrested on Firearms, Drug Charges