Our Government's $700 Billion Bailout-Take Action!

It is not often I write anything political, but the news of the Bush government spending $700 BILLION of our dollars to bail out the financial institutions and their poor decisions ticked me off. As I did, I urge you to contact your congressman and let them know what you think. If you don't know who yours is, go here to find out: http://www3.capwiz.com/mygov/dbq/officials/

Here is the email I sent to my congressman:

Hello,

I just wanted to write to you with an appeal to vote "NO" to the proposed $700 billion bailout of financial institutions. This country is willing to bail out the rich for their poor decision making and greed, but the average American is left on their own! I also find ironic that one week ago, the Bush administration and Henry Paulson each said everything was fine while Lehman Brothers was going under. Upon further investigation, I find that Henry Paulson was the CEO of Goldman Sachs and still owns half a billion dollars in Sachs stock. While his competitor Lehman collapsed, Paulson did nothing. But then, his company starts to go and Paulson runs to his good friend Bush to push a huge bailout. Hmmm.

Also, all the talk of taxing the rich and/or cutting taxes to the middle class is a sham. Economics is a one-way street from the poor/middle class to the rich. No matter who you tax or don't tax, the rich win (remember "trickle-down economics?). I don't understand how people and politicians don't get that if you tax the rich, it gets passed to the consumer with higher prices. If you lessen taxes to the rich, they pocket the money and prices stay the same. If taxes stay the same for rich but go down for poor/middle class, we are told to go spend to stimulate the economy. No matter what, the rich will be unaffected and the rest of America pays. For the rich, it is simply good business to do so. Unfortunately, nobody seems to have an answer, only bailouts and band-aids which puts America in further debt to other countries.

Thank-you for taking the time to read this and hopefully taking action.

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