From True Majority

In an email from True Majority:

Dear June,

Call your Senators right now and urge them to stop the Bush corporate bailout.

In his last days in office, George Bush is trying to scare Congress into giving away the treasury to Wall Street.

Those are extreme words, but not as extreme as the reality -- over the weekend a plan was concocted to give away $1.8 trillion dollars of tax money with NO limits on how it's spent, and no guarantees we'll ever see it again.1 And the Treasury Secretary had the gall to say limiting payouts to executives who created this mess would be a "deal breaker."2

This is a deal which SHOULD be broken. Or at least re-negotiated. Economists have already made clear that this is a bad deal for everyone except the corporations and wealthy investors whose greed created the crisis.3

Tell your Senators to oppose George Bush's corporate bailout:

The Bush administration is trying to ram this through in only 72 hours by claiming there will be dire consequences if we don't pass the bailout exactly as written. Once again they're using fear to scare Congress and the American people into submission. We have to stop them.

Here's a suggested script:

"I am a TrueMajority member calling to urge the Senator to oppose the Bush corporate bailout. It's time that the Government support ordinary Americans instead of bailing out their corporate cronies."

Thanks for taking action,

-Ilya

Ilya Sheyman
Online Organizer

1 cnbc.com/id/26808715
2 http://www.politico.com/news/stories/0908/13676.html
3 http://www.politico.com/news/stories/0908/13689.html

If the Bush bailout passes as submitted, we, the ordinary citizens, will be screwed, but the leaders of the companies, who by their risky and irresponsible behavior, ran the companies under, will walk away (jobless or not) with their millions (billions?), and we, the taxpayers will be left to foot the bill. It seems that not only US banks will be covered, but also foreign banks, like Barclay and UBS, which are licensed to do business here.

I feel compassion for the workers in lower echelon positions in the companies, who will lose their jobs, as well as for the folks who have or are soon to lose their homes. What about them? What provision will be made for them?

I ask where the president and the Congress have been for the last few years? It was not just yesterday that we learned that the housing market was collapsing. Did no one believe there would be consequences? Why did the powers wait such a long time to face reality. I'm looking at you, Democratic members of Congress. You've been asleep at the switch, too. I'm wondering if Bush is trying to arrange that the country will be ungovernable, because he smells a Democratic victory ahead.