Committee on Financial Services: Where do we go next? The death of Capitalism?
[Update 10-04-2008] I'm afraid the prediction that this so-called Bailout was not going to work is coming true. Now the Terminator, AKA the Governor of California, is asking for his own 7 billion dollar bailout. The bill was passed with what I am going to call pork. Call it what you like, but how far are we going with this. Now the pro-bailout people are pointing to the automobile industry is "suffering" and may need a separate bailout. Maybe the car business is down because people are waiting to see what becomes of the bailout and are simply not buying cars. We have had so many people telling America that we are almost in a depression why would you buy a car?
More to come.
[John K. Matyi] This is an UPDATE on my recent post on this site regarding the so-called 'Bail-Out' bill. I want to make this as easy as possible for people to make their voice heard. I called the Washington, DC office of Spencer Bachus this morning at 8am and was able to talk with a young lady who asked me a few questions, but more importantly she took notes. I also called Senator Shelby's office, reached voice mail, but his box was full and not taking any messages.
I think it is very important to call your Representative as it is the house members who kept this bill from passing. Especially when it had so much liberal add-ons it looked like a Christmas tree. We need to thank them. On the other hand, if you really want to drive them crazy, ask them to explain the bill to you and why we need to spend another trillion dollars (we have already spent 600 billion). Even if you just call and tell them "I'm mad as Hell and I’m not gonna’ take it anymore; it will be doing something.
Just to give you some background information on this problem here are two videos from a previous post (in case you missed them):
More to come.
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[John K. Matyi] This is an UPDATE on my recent post on this site regarding the so-called 'Bail-Out' bill. I want to make this as easy as possible for people to make their voice heard. I called the Washington, DC office of Spencer Bachus this morning at 8am and was able to talk with a young lady who asked me a few questions, but more importantly she took notes. I also called Senator Shelby's office, reached voice mail, but his box was full and not taking any messages.
I think it is very important to call your Representative as it is the house members who kept this bill from passing. Especially when it had so much liberal add-ons it looked like a Christmas tree. We need to thank them. On the other hand, if you really want to drive them crazy, ask them to explain the bill to you and why we need to spend another trillion dollars (we have already spent 600 billion). Even if you just call and tell them "I'm mad as Hell and I’m not gonna’ take it anymore; it will be doing something.
Just to give you some background information on this problem here are two videos from a previous post (in case you missed them):
Posted by John K. Matyi at Wednesday, October 01, 2008 7:04 AM 
Categories: Banking Committee, Senator Shelby, Fannie Mae and Freddie Mac, Bailout, Rep. Bachus, Economics
Categories: Banking Committee, Senator Shelby, Fannie Mae and Freddie Mac, Bailout, Rep. Bachus, Economics
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