No Bailout: We The People Prevailed


Thanks in no small part to massive public rejection and outcry the “Bailout Bill” was defeated today 228-205.

But the bankers and their allies in Congress won’t take “no” for an answer.

There could be another vote as early as Thursday… so let’s keep up the pressure!

In addition to speaking out against the Bailout Bill we need to work on getting our financial system back on its feet. As C4L President John Tate pointed out in his email last week, it is time to:

  1. End the Bailouts – Congress must revoke the Federal Reserve’s authority to bail out failed businesses at your expense.
  2. Cut Taxes and Curb Regulation – If we really want to stimulate businesses and revive the market, we need to cut corporate and capital gains taxes, spurring investors to come back to the market and making it easier to attract new workers and clients. It is also time to end failed legislation like Sarbanes-Oxley, which has crippled capital markets, diminished our competitiveness, and greatly harmed small businesses.
  3. Reduce Spending – We must freeze all non-entitlement spending by the federal government at current levels and eliminate wasteful spending both domestically and in our trillion-dollar overseas budget. Our debt has to come down, and it won’t until we start living within our means.
  4. Reform the Monetary System – If we are to have long-term economic progress, we must end the system of printing money out of thin air. The current laws limiting the circulation of gold and silver-backed currency must be overturned. We can no longer base our money on the empty promises of bureaucrats that it is sound.

Keep up the pressure!

Say NO to the forced redistribution of billions if not trillions of dollars and the de-facto nationalization of our nation’s entire financial system.

Say NO to the special interests who are working to destroy the dollar and eliminate global confidence in America for decades to come.

Say NO to any sell-out congressman or senator who would vote in favor of this disastrous piece of legislation.

Enough is enough! Take action and spread the word.

Go here to get your representatives’ contact info.

Go here (PDF) and here (PDF) to download the Campaign for Liberty action fliers on this issue.