pacelli
09-25-2008, 07:56 AM
We discussed the bad news, and good news, in my last email. Our elected representatives are slow getting the message that they need to work for the people, instead of Wall Street:
Democratic Rep. Barney Frank said on Wednesday Democrats had reached an agreement to stem one of the worst U.S. financial disasters in decades, and that there would be enough votes to pass the measure and send it to President George W. Bush to sign into law.
While my opponent has posted no statements to stake out a position at this critical time, he is using his media appearances to advance the fearmongering required to sell Paulson and Bernanke's "No Bank Left Behind" plan to the American people:
http://blog.lawsonforcongress.com/2008/09/24/david-price-lawmaker-or-lawpasser/
Let's give David a call today, and let him know how we feel about replenishing bank balance sheets by asking taxpayers to borrow money to pay above-market prices for questionable assets:
Chapel Hill Office:
88 Vilcom Center, Suite 140
Chapel Hill, North Carolina 27514
Phone: (919) 967-7924
Fax: (919) 967-8324
Durham Office:
411 West Chapel Hill St., NC Mutual Plaza, 6th Fl
Durham, North Carolina 27701
Phone: (919) 688-3004
Fax: (919) 688-0940
Raleigh Office:
5400 Trinity Road, Suite 205
Raleigh, North Carolina 27607
Phone: (919) 859-5999
Fax: (919) 859-5998
Washington, D.C. Office:
2162 Rayburn House Office Building,
District of Columbia 20515-3304
Phone: (202) 225-1784
Fax: (202) 225-2014
He is arguing that this bailout is necessary, and we can put the right "safeguards" in place to "protect the taxpayer."
I apologize for being so blunt, but we're being asked to submit to a vicious pistol-whipping of the American people, and our so-called "leadership" is offering us a bus ride to the emergency department to help us recover.
Additionally, it's questionable if our foreign lenders will fund this plan:
China's huge holdings of U.S. debt means it must bear a large proportion of the ``burden of sorting things out'' in the U.S., Yu said. China is not in a hurry to dump its U.S. holdings and communication between the two nations every ``couple of days'' is keeping Chinese leaders informed and helping to avoid a potential panic, he added.
``China is very worried about the safety of its assets,'' he said. ``If you want China to keep calm, you must ensure China that its assets are safe.''
Henceforth, my opponent's name is "David." We should only call him "Representative Price" when he shows some sign of representing the people.
Democratic Rep. Barney Frank said on Wednesday Democrats had reached an agreement to stem one of the worst U.S. financial disasters in decades, and that there would be enough votes to pass the measure and send it to President George W. Bush to sign into law.
While my opponent has posted no statements to stake out a position at this critical time, he is using his media appearances to advance the fearmongering required to sell Paulson and Bernanke's "No Bank Left Behind" plan to the American people:
http://blog.lawsonforcongress.com/2008/09/24/david-price-lawmaker-or-lawpasser/
Let's give David a call today, and let him know how we feel about replenishing bank balance sheets by asking taxpayers to borrow money to pay above-market prices for questionable assets:
Chapel Hill Office:
88 Vilcom Center, Suite 140
Chapel Hill, North Carolina 27514
Phone: (919) 967-7924
Fax: (919) 967-8324
Durham Office:
411 West Chapel Hill St., NC Mutual Plaza, 6th Fl
Durham, North Carolina 27701
Phone: (919) 688-3004
Fax: (919) 688-0940
Raleigh Office:
5400 Trinity Road, Suite 205
Raleigh, North Carolina 27607
Phone: (919) 859-5999
Fax: (919) 859-5998
Washington, D.C. Office:
2162 Rayburn House Office Building,
District of Columbia 20515-3304
Phone: (202) 225-1784
Fax: (202) 225-2014
He is arguing that this bailout is necessary, and we can put the right "safeguards" in place to "protect the taxpayer."
I apologize for being so blunt, but we're being asked to submit to a vicious pistol-whipping of the American people, and our so-called "leadership" is offering us a bus ride to the emergency department to help us recover.
Additionally, it's questionable if our foreign lenders will fund this plan:
China's huge holdings of U.S. debt means it must bear a large proportion of the ``burden of sorting things out'' in the U.S., Yu said. China is not in a hurry to dump its U.S. holdings and communication between the two nations every ``couple of days'' is keeping Chinese leaders informed and helping to avoid a potential panic, he added.
``China is very worried about the safety of its assets,'' he said. ``If you want China to keep calm, you must ensure China that its assets are safe.''
Henceforth, my opponent's name is "David." We should only call him "Representative Price" when he shows some sign of representing the people.