Read the Bills Act Coalition

Thursday, September 25, 2008

AGAINST THE SOCIALIST BAIL OUT OF WALL STREET

Posted by MAXIMUS

I agree with Newt Gingrich. The bail out plan is horrible. The federal government will swallow up all of the bad paper debt currently clogging up the credit arteries in our nation's financial system. We need a work out for these companies, not a bail out.

From Newt Gingrich's appearance on Fox News' Hannity and Colmes show tonight: [Paraphrased] "We need a plan that the Country can support, not one supported by Wall Street....Paulson has failed."

Gingrich went on to say [paraphrased]: "Obama's miscalculation in this whole ordeal? Wanting to talk politics during a crisis. John McCain is not...he realizes the gravity of the situation and is rightly in Washington to deal with this ordeal. McCain is not going to show up for a debate, so why is Obama? McCain should be trying to solve the crisis...and he is. None of the House Republicans have agreed to support this deal from the Senate...just because the Senate wants it (alone with Paulson and Bernake) doesn't mean the House Republicans will go along with it....I know for a fact that there is no deal yet." The conservative wing of the GOP is opposed to the Paulson Bail out....and the Democratic Bail out plan in the Senate. The American people will support lending the money, not giving it away by a range of 80% to 20%...."

The money quote from Newt Gingrich, "The conservative wing of the GOP is opposed to to the Paulson bail out."

President George W. Bush is a liberal, not a conservative. Vice President Dick Cheney is a liberal, not a conservative. Paulson and Bernanke have a plan to bail out Wall Street, not Main Street. Welcome to socialism America, welcome to this point in history. We are violating our free market principals as espoused in the Republican Creed, to wit:

"That the free enterprise system is the most productive supplier of human needs and economic justice"

"That fiscal responsibility and budgetary restraints must be exercised at all levels of government"

"That the Federal Government must preserve individual liberty by observing constitutional limitations"

In Virginia, Conservatives are encouraged to watch how our Federal Delegation votes on the bail out as presented: Congressman Whitman, Congressman Drake, Congressman Forbes, Congressman Goode, Congressman Goodlatte, Congressman Cantor, Congressman Wolf, Congressman Davis, and Senator John Warner. Will they stand up to the test voting against this government hand out and thereby actually live up to the principals of limited government, fiscal responsibility, and budgetary restraints?

Will Republicans in our Virginia Congressional Delegation actually vote like conservatives?

Will they abide by the principals espoused in the Republican Creed?

Will the Republican Congressmen from Virginia cave to the liberal Republican President, the liberal Republican Vice President, and the inside Wall Street self enrichment bailout baseball being pitched by Treasury Secretary Paulson and Fed Chairman Ben Bernanke?

Will America truly become a socialist society? With the passage of the bail out as presented, the answer is YES!!

Contact your Congressman, YOUR REPUBLICAN CONSERVATIVE CONGRESSMAN, and ask them to vote against the bail out. Will Whitman, Drake, Forbes, Goode, Goodlatte, Cantor, Wolf, Davis, and John Warner vote with the liberal President and his oh so willing Democratic majorities in Congress or will they chose to actually live up to the principals in the Republican Creed? This will be a defining moment in Virginia Conservative Circles. We elected Conservative Republicans to Congress to represent us, not liberals. I am sure our Republican Delegation will live up to the Republican Creed when they cast their votes against this bail out plan.

2 comments:

Concerned for the USA said...

Something to think about during this heated election. Which is the party that you most relate too?

Capitalism-An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

Communism-A system of social and economic organization espoused by the Communist Party, as in Union of Soviet Socialist Republics, whereby means of production are owned by the state, and private property does not exist.

Communitarianism-a communal system based on cooperative groups that practice some of the principles of communism

Fascism-A Political system based upon centralized totalitarian authority, abolition of democratic practices and civil liberties, and fostering of strong nationalist sentiment.

Marxism-The political and economic philosophy of Karl Marx and Friedrich Engels in which the concept of class struggle plays a central role in understanding society's allegedly inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless society.

Militarism-the pursuit of policies intended to create and maintain aggressive and influential armed forces. Glorification of the ideals of a professional military class, predominance of the armed forces in the administration or policy of the state, a policy in which military preparedness is of primary importance to a state.

Socialism-Social and political system in which means of production and distribution of goods and services are owned and controlled by the state.

Are you for spreading the wealth, a free market system or some other system?

I for one, am for the free market system.

Anonymous said...

We will have a very difficult time ahead if we have any hope of saving a free market system in this country. It will take grass roots education about Capitalism and the fallacy of this market downfall being due simply to 'capitalist greed' instead of well intentioned but poorly planned government regulations. Scream it from the roof tops, free market, free market, free market.

It will not matter how much money you throw at the problem. That will never fix this. Investors will not come back into the market to create JOBS and NEW BUSINESSES until they are sure their capital will not be attacked. Cut and hold capital gains and cut corporate taxes (which just end up being passed on to consumers in price). Melody
http://melodyscalley.wordpress.com/