Write Congress!

After signing the petition, please write your Congresspeople directly and let them know what you think.

Here's the new form letter for 10-03, for House reps who changed their votes to 'yes' : Please copy, add your own thoughts, and send this to flip-flopping House reps right now!

Here's the way to find and get in touch with your Senators and House reps :

Write House Reps

Write Senators

Find your ZIP extension by entering your address in MapQuest

Urge your Congresspeople to resist this larceny and power-seeking! Tell them not to be ruled by fear!

About EndBailouts.org :

EndBailouts.org is an independent, all-volunteer taxpayer advocacy group which was created on 09-19-2008, the day after the Wall Street bailouts proposal was brought forth. EndBailouts.org is not affiliated with any political party or other organization, is non-commercial, and does not conduct fundraising activities. Our sole purpose is to educate the public about issues related to public liability for private debt and responsible government, and to give the public the courage and resources to stand up for their rights and freedoms. Though we are strictly independent, we welcome communication from groups of like purpose for collaborative advocacy efforts, and are eager to hear from the public at large. We likewise welcome all volunteers who want to help with these efforts. Please use the link at the top of the page to contact us by email.

End bailouts -- say "No!" to public liability for private debt! Sign the petition and spread the word!

Bailout passes against popular will with an additional $150 billion in debt-creating pork! Fed moves assure rampant inflation! Fight for repeal begins! List of Representatives who changed their vote from 'no' to 'yes' against their constituents here!

Don't be ruled by fear! Use your vote to eject reps who said 'aye' to this bill!

Stock market continues to tumble as Paulson and Bernanke announce intent to set up taxpayers as shareholders in troubled banks; Fed prints money and dooms the dollar!

Spread the word -- vote all bailout supporters out of office in November! Speak out against irresponsible monetary policy and sweeping powers for unelected officials!

This just in! Bailout to be extended to private mortgages! Deal in works now! Stocks plunge!

Bernanke announces that Fed will buy commercial paper! 'Stimulus package' now on table as stocks buck and credit markets remain icy

Banks Admit bailout "Won't Work"

Fed dooms the dollar by offering 'unlimited' cash to foreign banks! Rampant inflation assured!

See the graph of Wall Street's response to the bailout! Clearly demonsstrates the capricious volatility of the market and the inefficacy of the theft!

Read the odious Section 104, left intact! Paulson to sit on own review board!

Summary of Section 104 here, full proposal draft here

Talk to people you know and publicly call for the ejection in November of those who voted 'yes' on the bailout!

Be aware : the monetary policies announced by the Fed will result in rampant inflation. Act now to stop this plunder of your future!

Sign the petition - click here to read and sign

Read Arizona representative Harry Mitchell's response to End Bailouts! Not as hypocritical as McCain's letter, but condescending, pandering, and highly misguided.

The time to move for repeal of this criminal Act is now.

However, beware : Dow tanks nearly 800 points (though it rallied up 485 the following day); this reaction will be used as the basis for more rhetoric of fear from Paulson, Bernanke, and the bailout supporters. Do not listen! Your freedom isn't to be held for ransom by Wall Street gamblers.

The taxpayers of America are telling Congress that they will not tolerate this ill-considered, unjust, and unacceptable bailout plan. Congress' job is to represent the people, and don't let them forget it! Keep the calls, emails, letters, and demonstrations rolling in and maintain the pressure to reject public liability for private debt!

A small group of End Bailouts supporters demonstrated in Chandler, AZ on 09-25, in Scottsdale on 09-27 and 09-29, and in Tempe 09-30 and 10-01, and got the message through to a lot of folks! It was effective and galvanizing -- people are really receptive to the message and accepted flyers, and listened to our talk. We urge everyone to demonstrate publicly -- it doesn't take many supporters to make a real impact! Click here for a folder of picket sign graphics, a flyer PDF, and some slogan suggestions. Educate the people so that they can stand up and speak out against the assault on liberty!

The basis of the proposal to prop up the economy at large by buying so-called 'troubled assets' from Wall Street speculators is fundamentally unsound. The financial markets are speculative and are therefore inherently volatile. The use of vast public funds, in a time of record national debt, to purchase 'troubled assets' (that is, speculative bets that have gone bad due to poor risk assessment by the bettors) from the mortgage-backed securities realm can't assure market recovery. Furthermore, mortgage-backed securities are only one of very numerous types of complex and volatile financial product groups whose futures are unpredictable -- there's no telling what securities may tank next, any more than a person can predict which will next succeed. For the Treasury Secretary and the Fed chairman to represent that they can somehow see into the future of the market with sufficient clarity to make dire predictions of widespread suffering, when in fact they could not see the signs of the current crisis as it brewed this very summer, is nothing short of deception.

Do not permit them to bully or scare you into accepting or resigning yourself to this trespass!

Paulson, Bernanke, and the bailout supporters want us to feel like the entire situation is far beyond our comprension, let alone our control. If we feel this way, they can do as they please with our money, freedom, and future without any regard for us whatsoever.

Let them know that we do comprehend and will control this situation! We will not be discouraged, cowed, or beaten into submission to this folly.

Your money is being given away by the government to big corporations who are in trouble because they made a lot of bad bets on investment products that they didn't understand. What do you think about that? A lot of folks are hopping mad. We've worked hard and made sacrifices to get where we are. We refuse to be put on the hook for the bad decisions of corporate operatives. We must stand up against public liability for private debt!

The cost of the proposed bailout package is now being estimated at about one trillion taxpayer dollars. One trillion dollars! That's how much the war in Iraq has cost so far. Our national debt, which is nearly ten trillion dollars, is largely owned by private investors including foreign interests. Our budget is running at a deficit of almost a half trillion dollars -- that means that we don't have the cash on hand to bail out these corporations, and that if we do so, we'll be further in debt to potentially hostile private and foreign interests.

The current financial crisis has been painful already, and further meltdown of the 'financial system' would undoubtedly have harsh consequences. The price of credit would rise, and many people would see their investments evaporate as more financial institutions disintegrated as a result of their unchecked risk-taking. A time of hardship would follow, with difficult choices being confronted by all.

This possibility is hard to face. But if the US national government continues with the proposed plans to use taxpayer money to 'bail out' private firms that have taken on too much risk, the long-term consequences will be much worse. The plans proposed by former Goldman Sachs CEO and current Treasury Secretary Henry Paulson would establish a precedent of public liability for private speculative debts, putting us on the hook for the irresponsible acts of corporations. This is in opposition to our American values of personal responsibility and market economics.

If some guy came into your house and asked you to charge a large sum on your credit card so that his buddy's business could pay off some bad debts, how would you take it? How about if he then told you that if you didn't give up the money, your house and maybe your whole neighborhood might burn down? Would you hand over the money and thank him for warning you about the danger? Or would you think he was a criminal, withhold the funds, kick him out, and call the cops?

In a market economy like ours, people have incentive to take risks for profit because they get to keep a good chunk of the reward if the risk pays off. Likewise, if the risk fails, the cost is on the risk-taker -- the investment is lost. If the government steps in and removes the negative consequences of poorly judged risk, it's no longer a market system. Spreading risk and costs for enterprise across the whole citizenry is something that is done in communist systems. But here, it's not the average person who benefits from that sacrifice of freedom for security -- it's large private corporations! Using our tax dollars to relieve businesses of bad debts while allowing them to keep the solvent parts of their business is straight-up theft.

Don't let yourself or your family be bullied and intimidated into submission by doomsday talk, or anything else. This proposal is violence against your rights and theft of your money. Let it be known that you won't sit down while your future is given away to Wall Street interests -- stand up and resist!

We're circulating the End Bailouts petition online and on foot nationwide. When we gather a substantial number of signatures, it'll be delivered to Congress in the hope of convincing our representatives to reverse the destructive trend of putting our dollars on the line to absorb the bad debts of private businesses. Here is the petition text; click here or on the link above to sign..

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To: US Congress

This petition is to urge you to take immediate action to stop the abuse of taxpayer money for the purpose of bailing out reckless private enterprises.

We the undersigned also urge you to condemn and reject the attempt by Secretary Paulson to gain unchecked, extralegal, "non-reviewable" powers for his office. No agency or individual in America should have broad powers that cannot be challenged.

We understand that if public funds are not used to stabilize the 'financial system', the results of a collapse would be traumatic and international, including a soaring cost of credit, the endangerment of millions of long-term retirement investments (including our own), and lasting economic difficulty. The results of establishing a precedent of public liability for private debt, however, will be far worse in the long run.

We would prefer to suffer the consequences of our own errors than pass that suffering along to the next Americans. Our nation is built on personal sacrifice for the good of our children.

This commingling of public and private obligations would be a bad and shortsighted move under any conditions, but at a time when our national debt is close to record highs and our international standing is weakened, it is nothing short of a crime against America.

What we've been told is that some private businesses are simply "too big to fail," because their failure would have unacceptable and widespread adverse effects. If this is the case, and the public stands to be liable for the failure of such businesses, there must be immediate implementation of a law prohibiting private enterprises from reaching that size. If no such law is to be established, then no tax money should ever be used to bail such firms out.

There is no sound justification for giving our funds away to irresponsible corporate elites. The market is based on the idea that one takes risks, and reaps the rewards therefrom if they pay off -- and pays the price therefore should they prove unwise. If we are going to assert that the United States is a market economy, we must be willing and able to face the realities of the way markets operate. If the system is broken, this bailout will not fix it -- it will only close one of the many avenues of uncontrollable risk that characterize market speculation.

Please stop this violence against our values. Stop the theft of our funds. Stop the government from assuming the debt of irresponsible corporations and 'bailing out' or nationalizing failing private firms. Stop the assumption of unchecked powers by the Treasury Secretary. This is your duty to protect the American people from a bleak future.

Please take action now! Stand up for our rights, our freedom, and don't be cowed by the fear that we now face. Defend us! We will stand along side you.

Sincerely,

The Undersigned
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