Dear Friends:
Read the NY times article: The Wall Street Bailout Plan - Explained" here http://www.nytimes.com/2008/09/21/business/21qanda.html and The Nation: Paulson Bailout Plan a Historic Swindle By William Greider http://www.thenation.com/doc/20081006/greider . We only have the next two days to Act. You can kiss renewable energy future goodbye if this plan goes through....any improvements in education, justice, civil liberties, economic growth, our leadership position in the World. This is it. This is our time. ACT NOW!
Please see my suggestion of a BAILOUT PLAN in lieu of the PAULSON PLAN which is due to be acted on by the Senate Banking Committee and enacted by the end of this week. This is the worst example of a rush job that avoids transparency and PUBLIC SCRUTINY and will give even more massive powers to the executive branch without any review or consequences. This is the very kind of "power without consequences" that got us to this financial collapse precipise: This will have adverse consequences for our grand children - huge! This cannot pass on further burdens to the middle class! It is totally counter productive and will cause extended economic collapse! You can act now. Read my Plan, sign the Petition at www.petitionow.com (it may not be working yet but try this one http://www.thepetitionsite.com/13/take-action-stop-paulsons-plunder ) and write your representative ASAP. We only have a couple of day!
My Bailout Plan:
STOP. THINK. LISTEN TO THE PUBLIC!
see formatted version online at my blog: http://economic-tracks.blogspot.com
STOP. THINK. LISTEN TO THE PUBLIC!
see formatted version online at my blog: http://economic-tracks.blogspot.com
Two phase Plan: One for action now and Phase II for a thoughtful public airing of a long term solutions ending in a voter referendum required to enter the bill into law. Paulsen plan is throwing out too much structure, further concentrating extraordinary power in the executive branch, and perpetuating the "power without consequences" that got us to this point of collapse....see formatted version online at my blog: http://economic-tracks.blogspot.com
Norton West
73 Harbor Place
South Portland
Maine 04106-2857
207 239-0200
73 Harbor Place
South Portland
Maine 04106-2857
207 239-0200
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