"The Official Portrait of Miss InDiana"

"The Official Portrait of Miss InDiana"
aka "Miss Victory"

Monday, September 8, 2008

Bob Barr says mortgage bailout benefits BANK OF CHINA !

I received this letter today from the Bob Barr campaign. You don't hear a peep from Obama or McCain about this LUDICROUS BAILOUT!

The escalting debt is not a "sexy" subject for them is it?

Did you know the executives at Freddie Mac and Fannie Mae are getting a multi-million dollar golden parachute? Yep, they are making millions for their failure to run these organizations. And worse, their mistakes are indebting your children. Don't you think they deserve indictments instead?

Where's McCain on this? I thought he was FOR America?
--Melyssa for HFFT

I am sure you must be as angered as I am by the government take over of Fannie Mae and Freddie Mac. This taxpayer rip-off is guaranteed to cost you and me billions. . . and who is to benefit?

First and foremost, THE BANK OF CHINA. That's right, the government bank in the People's Republic of China. Among others, numerous countries in the middle east and institutions around the world are also benefiting. Billions and billions are being sent overseas at our expense.
What do Senators McCain and Obama say about this government nationalization of our home lending system? They are both reported to be supportive.

I can tell you unequivocally, that Presidential candidate Bob Barr opposes this bail out!
Why? Because our tax dollars are being used (once again - remember Bear Stearns?) to fatten the bank accounts of speculators who bought bad loans. This is a case of the government rewarding those who took high-risk investment positions and were about to lose. . .

And where is Congress through all of this? Today they are back from a six week vacation and after just three more weeks, they quit work for the rest of the year! Between lengthy paid vacations, you can be sure they will be privately encouraging federal regulators and bureaucrats to bail out their friends. You see, Congress is paid handsomely - in the form of campaign contributions and other gifts - to make sure that the wealthy are protected from their own mistakes.

Do you need still more evidence that the only ones to benefit from this bail-out are foreign investors and Wall Street, check out all the major stock exchanges TODAY and you'll see massive gains that you are paying for.

John McCain and Barack Obama support this. No surprise there. Bob Barr is alone in blowing the whistle on this multi-billion bail out.

Please help me get this out to voters.

Please do two things today:
#1. Forward this email to every friend and relative to let them know.
#2. Contribute to the Bob Barr campaign.

We will soon be launching a national media effort and your gift will help us expose the truth about the Fannie Mae and Freddie Mac bailouts.


1 comment:

George Dance said...

I'm glad you're getting the word out. Barr has been the only presidential candidate speaking out on this issue.

Your readers might be interested in an article I edited on the subject:

Bob Barr on the Bailouts