medication time / bail-out update







ALERT**************
they are adding student loans and car loans to the bailout!
but the phones of all the reps are ringing off the hook - no bailout is the consensus of the american people.
they are trying to terrorize us with a threat of a depression. its extortion. did you know that Lehman Brothers took 2 billion dollars and set it aside so that bonuses could be paid even though they are asking for a bailout? i would rather take my chances with a natural crash than a managed crash that benefits the oligarchy. how about you?
if you havent called do it now.
202-224-3121.
***********************************
what might happen if there isnt a bailout?
this is how one anonymous poster put it:
are enabling the wrong guys, but you have to understand what a collapse of liquidity and credit markets may mean:
Take out your wallet, and remove the cash. Throw everything else away. The cash you have in your hand is what you can count on to live on for the next few years.
You may not be able to cash or write checks (remember, checks are a form of credit), you're credit card may not work, your debit card may not work. You may go to the bank to withdraw your checking or savings account in person, and find the bank doesn't have the cash to cover your withdrawal demands. And in an all cash economy, the FDIC could be overrun with claims, causing a huge delay in processing, and at the worst, a cut in the benefit.
Small businesses will have to pay employees in cash. They will have to pay for inventory up front. And on. And on. And on. The consequences for business could cause unemployment to spike up to and exceed 20%.
Unless you have your savings under your matress, youwill be hurt, and hurt bad.
Now is there a guarantee that it will get this bad? No. But their also isn't a gaurantee that it won't. I can gaurantee that it will be some shade of bad.
**********************************************
i am willing to endure almost anything to get the SOUL of this country back. accepting a harsh outcome while making a stand against our government could be our greatest defining moment. remember a bailout does not address the root problem and that is congress. the resignation of those who enabled wall street would be a good start toward a real correction.
Labels: fight the power, get up stand up, wont be fooled again