The REAL REASON For The Bailout (Hint: FOREIGNERS)

If Americans don't start paying attention to what is really going on behind those closed doors of President Obama's Democratic Party government, we may need to learn a new national anthem as we are being sold down the river by those we trusted to protect us.

Wall St. Welfare: Courtesy of Senator Dodd

The following is reprinted from Downsize DC and you can send free e-faxes from its site to your representatives in DC. I use it all the time, as they articulate the message well, and it saves time.


Senate Banking Chairman Chris Dodd has quite a track record protecting Wall Street's Big Boys at your expense.
* Dodd authored the Bailout bill of 2008
* Then he secretly inserted the AIG bonus loophole into the Stimulus bill of 2009
And Dodd's not done yet! His financial "reform" bill creates a $50 billion fund. If any of Wall Street's large financial firms is on the verge of collapse, the government will take it over and use the fund to pay off creditors.
Smaller companies will be shut out of the program. If they fail, they will go bankrupt and creditors will lose their money. But if a Big Boy firm fails, its creditors will be bailed out.
Potential lenders will see that the Big Boys are protected by the government. That's a HUGE and UNFAIR advantage.
We must fight this injustice! Tell Congress to oppose this bailout scheme through DownsizeDC.org's No Bailouts campaign.
You may borrow from or copy this letter . . .

Lehman Brothers went to bankruptcy court and was liquidated. That should be the fate of every poorly-run company. But Chris Dodd's financial reform bill allows struggling large firms to avoid the bankruptcy process, and creates a $50 billion fund to bail out their creditors.
Smaller firms that fail, however, will wind up in bankruptcy court and creditors will suffer huge losses.
This means potential creditors will see that there is less risk in lending to the big firms. These firms will only get bigger.
Not only is this an unfair advantage, it is unnecessary and dangerous. If big firms are failing, they should go to bankruptcy court like everyone else. As Peter Wallison and David Skeel point out, the threat of bankruptcy imposes discipline in the market. Creditors will know there are consequences in lending to weak companies. http://www.aei.org/article/101890
This bill, in contrast, will protect and even encourage many of the risky and irresponsible practices that led to the meltdown of 2008. And it will likely drive out smaller firms and make our markets less competitive.
I demand that you oppose Dodd's bill and ALL bailout programs.

Case Made Agianst Cap & Trade

According to Jeffrey A. Glassman, Phd. :
"Carbon dioxide in the atmosphere is the product of oceanic respiration due to the well-known but under-appreciated solubility pump. Carbon dioxide rises out of warm ocean waters where it is added to the atmosphere. There it is mixed with residual and accidental CO2, and circulated, to be absorbed into the sink of the cold ocean waters. Next the thermohaline circulation carries the CO2-rich sea water deep into the ocean. A millennium later it appears at the surface in warm waters, saturated by lower pressure and higher temperature, to be exhausted back into the atmosphere. Throughout the past 420 millennia, comprising four interglacial periods, the Vostok record of atmospheric carbon dioxide concentration is imprinted with, and fully characterized by, the physics of the solubility of CO2 in water, along with the lag in the deep ocean circulation.
Notwithstanding that carbon dioxide is a greenhouse gas, atmospheric carbon dioxide has neither caused nor amplified global temperature increases. Increased carbon dioxide has been an effect of global warming, not a cause. Technically, carbon dioxide is a lagging proxy for ocean temperatures. When global temperature, and along with it, ocean temperature rises, the physics of solubility causes atmospheric CO2 to increase.
If increases in carbon dioxide, or any other greenhouse gas, could have in turn raised global temperatures, the positive feedback would have been catastrophic. While the conditions for such a catastrophe were present in the Vostok record from natural causes, the runaway event did not occur. Carbon dioxide does not accumulate in the atmosphere."
http://www.rocketscientistsjournal.com/2006/10/co2_acquittal.html

Now I am NOT a rocket scientist, but I can read between the lies (err I mean lines) and see that there is nothing that a cap and trade bill will do to benefit the environment.

Cap and trade will create a new commodity to be traded on the market, which will make lots of profits for those that can afford to by carbon credits, and create business and personal bankruptcies for those of us that cannot afford to play the markets. The average cost to a homeowner will be about $6,038 annually, with nothing in return. In fact, when you want to sell your property, you will have to obtain an inspection and certification from the EPA which will indicate to prospective buyers that your home meets the stringent EPA standards. This will cost another few hundred dollars provided that the EPA does not find any "violations" which will of course haveto be corrected before yo can sell your house.

More and more of our personal freedom and rights to privacy are being eroded by a President and Congress that has not only lost touch with the people, but have abandoned the U. S. Constitution in its entirety for the express purpose of enslaving the citizens. There can be no other justification for this blatant abuse of power in public office.