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Colorado Libertarians Message Board › BreakTheBailout.com - A call to action

BreakTheBailout.com - A call to action

A former member
Post #: 84
I Received This Email Today:

This week the Federal Reserve refused to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. And, AIG, the insurance giant made infamous for having a $450,000 party for their executives after receiving their first bailout check eight weeks ago is now getting more money from the U.S.. Treasury - taxpayers are now giving them a total of $150 billion.

Well, we've had enough. And, we know that the only way we are going to Break the Bailout and create an economy for the people and not the banksters is to get organized and work together.
So, we've started a transpartisan campaign - Break the Bailout - visit http://www.breakthebailout.com/­ to see what we're planning.

Essentially, we're going to build a community, a citizen's movement, to fight for the economy we want and to Break the Bailout. We're going to be delivering blowback on the bailout to elected officials who are supposed to represent the people - the voters who put them in office - not big banks and Wall Street.

We know the country is outraged and we're going to redirect that outrage into constructive action. We're going to educate the voters on what the bailout really means and organize them to demand change. Here's what we want you to do:

Take action today, Break the Bailout tomorrow:

  • PLEDGE - We're holding a MONEYBOMB on December7, 2008 to show elected officials we're serious. Pledge today by filling out the "please pledge now" form on http://www.breakthebailout.com/­, then come back and join us on December 7 - the moneybomb day - to make your donation and watch the collections mount up. Become a Bailout Breaker!
  • Build community. Our adversaries act together, and so must we.
  • Get the word out. Help the American people to understand what is being done to them. Educate. Publicize.
  • Identify the persons responsible. Prepare voter guides and other educational materials telling people where their congresscritters stand on the bailout scam.
  • Be an activist. Let these people know they're not going to get away with it.

Break the Bailout is going to be at the international conference being held this weekend in Washington, DC -- join us if you can You can watch the coverage and interviews on our website.. And, on Monday at 8 PM eastern we will be debuting a new interactive Internet television show entitled Break the Bailout. Come join us and ask questions, learn about our plan and more.

Acting alone, we can achieve nothing; acting together, we can change everything.

Join us today.
~Kathy
A former member
Post #: 85
Just in case you need another reason to fight the Bailout...

The Following Is Presented in a blog by "Jonathan":

Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA’s lifetime budget — *combined*!

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.

People have a hard time conceptualizing very large numbers, so let’s give this some context.
The current Credit Crisis bailout is now the largest outlay In American history.

Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion
A former member
Post #: 93
Joby Weeks Sent This On 12/21/08:

According to Forbes:
Labor cost per hour, wages and benefits for hourly workers. Ford: $70.51 ($141,020 per year)
GM: $73.26 ($146,520 per year)
Chrysler: $75.86 ($151,720 per year)
Toyota, Honda, Nissan (in U.S.): $48.00 ($96,000 per year) According to AAUP and IES, the average annual compensation for a college professor in 2006 was $92,973 (average salary nationally of $73,207 + 27% benefits).

Bottom Line: The average UAW worker with a high school degree earns 57.6% more compensation than the average university professor with a Ph.D., and 52.6% more than the average worker at Toyota, Honda or Nissan. Many industry analysts say the Detroit Three, must be on par with Toyota and Honda to survive. This year's contract, they say, must be "transformational" in reducing pension and health care costs. What would "transformational" mean? One way to think about "transformational" would mean that UAW workers, most with a high school diploma, would have to accept compensation equal to that of the average university professor with a PhD. Then there's the "Job Bank" When a D3 (Detroit 3 carmaker) lays an employee off, that employee continues to receive all benefits -medical, retirement, etc., etc., PLUS an hourly wage of $31/hour.

Here's a typical story.... Ken Pool is making good money. On weekdays, he shows up at 7 a.m. at Ford Motor Co.'s Michigan Truck Plant in Wayne, signs in, and then starts working -- on a crossword puzzle. Pool hates the monotony, but the pay is good: more than $31 an hour, plus benefits. "We just go in and play crossword puzzles, watch videos that someone brings in or read the newspaper," he says. "Otherwise, I just sit."

Pool is one of more than 12,000 American autoworkers who, instead of installing windshields or bending sheet metal, spend their days counting the hours in a jobs bank set up by Detroit automakers as demanded by the United Auto Workers Union - UAW - as part of an extraordinary job security agreement. Now the D3 wants Joe Taxpayer to pick up this tab in a $25 Billion bailout package - soon to be increased to $45 Billion if Nancy Pelosi and Hillary Clinton have their way. The "Big 3" want this money - not to build better autos. No. They want it to pay the tab for Medical and Retirement benefits for RETIRED auto workers. Not ONE PENNY would be used to make them more competitive, or to improve the quality of their cars. We ALL have problems paying for our Medical Insurance - but the Democrat leaders in Congress now want us to pay the Medical Insurance premiums of folks who have RETIRED from Ford, GM and Chrysler. Not a good deal for us. How about Chapter 11 - and getting rid of these ridiculous union contracts?
A former member
Post #: 97


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