ACTION: Tell members of Congress to oppose bailouts in financial reform bill
Let them hear from you
Congress is at it again!
First it was almost a trillion dollars in bailouts for banks without fixing the housing policies that helped start the crisis.
Then there was over 150 BILLION dollars for AIG Insurance, then bailouts for GM and Chrysler.
And of course the TRILLION dollars in "stimulus" which "bailed out" state governments, among other things.
Now Obama and the Democrats in Congress are using the excuse of "financial regulation reform" to institute what amounts PERMANENT BAILOUTS of financial institutions - and essentially take them over via the new regulation that goes along with those promised bailouts.
Obama claims these new "reforms' are needed because these companies "caused" the financial crisis - completely ignoring that government mandated cheap home loans to people who couldn't pay them back triggered the collapse.
Now they're using the manufactured scandal at Goldman-Sachs in order to build support for their financial "reform" bill, the same way they used insurance increases in California to sell their health care "reforms".
Tell your members of Congress that this madness has to stop!
The government cannot get into the business of bailing out or nationalizing every company that loses money. That's called socialism. And we're headed there fast.
The bottom line is the pending financial "reform" bill will permanently put taxpayers on the hook to bail out these institutions!
Tell Congress to SAY NO to any more bailouts!
Say NO to government incentives for failure. Demand free-market solutions!