House starts bailout debate
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#1 Oct 3, 2008
Friday: Last Chance to Stop Paulson's Plunder
(1) Call your Representative at 8OO-473-67ll or 8OO-828-O498 or 2O2-224-3l2l and say "No Bailout!"
(2) Visit your Representative's local office
The Senate's 74-25 vote for Paulson's Plunder came as no surprise, since the Senate is run by and for millionaires. So now it's back to the House of Representatives, where we shocked those millionaires on Monday by defeating their bailout bill by 228-205.
A terrified army of corporate lobbyists is working around the clock to switch 13 votes, but only 7 have switched so far -
Jim Ramstad (R-MN),
John Shadegg (R-AZ),
Zach Wamp (R-TN),
Ileana Ros-Lehtinen (R-FL),
Shelley Berkley (D-NV),
Emanuel Cleaver (D-MO) and
John Lewis (D-GA).
Other possible switches include
Pat Tiberi (R-OH),
Pete Hoekstra (R-MI),
John Yarmouth (D-KY),
Brian Bilbray (R-CA),
Steve Rothman (D-NJ),
Lee Terry (R-NE),
Jim Gerlach (R-PA),
Tim Murphy (R-PA),
Jason Altmire (D-PA), and
Gabrielle Giffords (D-AZ).
But others may switch from Yes to No, including Ed Markey (D-MA),
Charlie Melancon (D-LA), and
Spencer Bachus (R-AL).
Bush's first Treasury Secretary, Paul O'Neill, called Paulson's plan "crazy" and "lunacy" with potentially "awful" consequences for the world's largest economy. Many of the best economists agree with O'Neill. Paulson's strongest supporters - including panicked CNBC hosts - now admit it will not raise stock prices or boost the economy as it falls into recession. Then why on earth should we give $700 ($850 billion w/latest add-ons) of our tax dollars to Wall Street???
Joe Lieberman gave away the real game when he told FOX " it will be good for John McCain."
With so much at stake, Congress should stay in session for another week (or two) to pass a much better (and cheaper!) plan proposed by Pete DeFazio (D-OR). But Congress desperately wants to go home so Friday may be our last chance to stop this $850 billion disaster .
Call your Representative today!
First check how your Representative voted on Monday (and note switches above):
If (s)he voted NO, say "Thank you for helping stop the Bailout on Monday. Don't betray us now by voting YES on Friday, or I will vote NO against you on Election Day."
If (s)he voted YES, say "I'm outraged that you supported the Bailout on Monday, and I will remember on Election Day. If you want my vote on Election Day, you must vote NO on Friday."
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