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More Bailouts?

4/22/2010

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The Restoring American Financial Stability Act of 2010, Senate Bill 3217, scheduled to hit  the Senate floor this Friday, April 23. This bill is Senator Chris Dodd’s solution to the “too big to Fail problem.” It will create bailouts forever by creating a new $50 Billion fund that will be used for restructuring companies that would close due to bankruptcy. We do not need more bailouts. Contact Senators Byrd and Rockefeller today and ask them to oppose Senate Bill 3217.

Senator Byrd

Telephone:  (202) 224-3954

Fax:  (202) 228-0002

 

Senator Rockefeller

Telephone:  (202) 224-3954

Fax:  (202) 228-0002

 

Please, join us in front of Senator Rockefeller’s Fairmont office Monday, April 26 at NOON. Bring your signs and enthusiasm. We want Sen. Rockefeller to know bailouts hurt, freedom works!

 

The office is located at:

118 Adams Street
Suite 301
Fairmont, WV


 

The following good articles about this bill:

http://blog.heritage.org/2010/03/26/morning-bell-dodd-bill-creates-permanent-tarp-and-you-can-quote-that/

http://blog.heritage.org/2010/04/13/how-to-create-bailouts-forever/

http://www.redstate.com/jimbo51/2010/04/18/hidden-danger-in-dodd-financial-reform-bill/


By: Laura Kennedy
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There is Always Something We Can Do

6/16/2009

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It is wonderful to be in the greatest nation in the world. I am thankful to have been born in the United States of America. However, with the government takeover of the banking and car industries, with czars that are accountable to no one except the president, with a tax system that stifles opportunity, and with a mountain of debt that we will be passing on to our children’s children, the future of the country looks bleak. In this situation, we could find ourselves asking, “Why me?” We could find ourselves saying, “All hope is lost.” We can choose to say, “There is something I can do!” We can choose to say, “I was born for such a time as this, so I will stand up and take my nation back!”

This is still the land of the free and the home of the brave.   We still have the freedom to speak out and let our beliefs be heard. We still have the freedom to choose our leaders. We still have the freedom to say, “We’ve had enough!”  The well being our children hangs in the balance. If we want our children to enjoy the freedom we have enjoyed, we must speak out. If we want our children to enjoy the freedom for which so many people have fought and died, we must speak out. Are we brave enough to take a stand for the future this nation? I think we are.

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Fear or Freedom

4/7/2009

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President Franklin Roosevelt said, "There is nothing to fear except fear itself." However, the new deal like policies being passed today may be a reaction of fear. When the stimulus package was passed we heard that something needs to be done now. Could patience waiting for the market correct itself actually make the recovery quicker. Let's look at history to find out. In 1920 and 1921, the economy took a major hit, but President Warren Harding was not motivated by fear. He let the market do what it was meant to do. Business and banks fell. Was the result a failed economy? No, the result was the roaring twenties. Our economy actually boomed! Under the New Deal, from 1933-1940, the unemployment rate average 17% and taxes tripled.* This kind of tax increase makes it expensive to hire employees. We must not react in fear. Our founding fathers established a nation where free markets and other freedoms prevail. Our country can remain a prosperous nation, but we have to return to the principals of our founding father. Let's make sure the screams of fear do not drown out the ring of freedom.

Please, read the following articles for more information on this subject.

*Powell, Jim. "Not-So-Great Depression." The Cato Institute. January 7, 2009. 7 Apr 2009 http://www.cato.org/pub_display.php?pub_id=9880


Buchanan, Pat. "Should We Kill the Fed?." Townhall.com. April 3, 2009.
http://townhall.com/columnists/PatBuchanan/2009/04/03/should_we_kill_the_fed?page=full&comments=true

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