We've all seen those silly little email petetions where "after 1000 names get on the list forward it to somebody..."  This petition is drastically different and gives you the ability to immediately impact your Government's process.  After reading the below, if you agree with the information simply click on the  "Concerned American (CLICK HERE)" link and it will open an email that will go directly to your Government officials filled in with a summary of the below information.  Make your voice heard by those in Washington DC!  I also strongly encourage you to contact the U.S. Senate Committee on Banking, Housing, and Urban Affairs through this link and to also do the same to contact your representative through this link.  (Feel free to cut and paste any of the below or the email summary)

As an American,

I’m against using Taxpayer money of any kind to bailout Wall Street Investment banks.  Their CEO’s made billions while times were good but when bad times hit (by the CEO’s own foolishness) they get ousted but with millions in severance pay!  The banks themselves get bailed out while the lowly main street investor gets zero return and is left holding the bag!  If the main street investor loses then so should the Wall Street investor… equal pay for everyone.

I’m against artificially propping up housing prices!  The ridiculous “solutions” floating through Congress right now are simply that… ridiculous.  Stupid people took on stupid loans, let them be foreclosed upon.  Just because I made prudent financial decisions I’m being punished through my retirement savings decreasing in value.  Housing prices skyrocketed because the Fed left the interest rates low for too long.  People that had no business buying a home got one because banks were willing to take the risk.  Why not, they can borrow the money from the Fed and lend it at 2.5 to 10 times to a consumer!  The same thing that is starting to happen AGAIN right now!

STOP cutting interest rates!  The dollar is at an all time low because of the pathetic performance of the Federal Reserve trying to save their cronies on Wall Street.  The Fed is taking all kinds of collateral against the $400 BILLION dollars worth of bailout they’ve issued in the last few months.  Collateral that no investment firm wants or is willing to even buy, but the “taxpayer” gets it shoved down their throats by the Fed taking it on their books.  (as a side note, if you were 1 billion seconds old you would be 32 years old!)  Now the Fed has “created” over $400 Billion dollars of bailout at the taxpayer’s expense.  Maybe not through tax revenues, but the consumer is paying through higher prices because of the devaluation of the dollar because the USA is developing a poor credit score!  Consequently the price of oil, gold, and just about every other commodity is sky rocketing!  Again for what?  So Wall Street Investment banks won’t fail or have to write down more loses!  What about MY loses?  Who’s going to bail me out?  Oh yeah, I forgot my “Economic Stimulus” check!  ANOTHER $160 Billion dollars shouldered by the American taxpayer.  If I make just $15,000 a year, the inflation the Fed has caused over the last year (4%) is that miserly $600 that you are so happy to send me to stimulate the economy!  ($15,000*.04=$600) That $600 has to go to pay for my food, medicine, and other consumer price increases caused by the rate cuts over the last year.  Appears to me the economy has already been stimulated…. the wrong way!  It’s only going to get worse with continued cuts.

I’m against Foreign Sovereign Wealth Funds (Abu Dhabi and Singapore) buying portions of America’s economic machine like a going out of business clearance sale!  When the Government goes begging for foreign money to save poorly managed businesses, it is pathetic!

I am against the fact that Henry Paulson (Head of the Treasury) was allowed to sale over $500 Million dollars of his stock and pay NO TAXES.  Ironically would that have anything to do with him being employed by Goldman Sachs, one of the big Wall Street Investment Banks?

I’m against my Government telling me daily that everything is fine with the economy, and then makes Emergency cuts and Sunday meetings behind closed doors.  You said last year that everything was fine.  It wasn’t.  You told me the Subprime mess wouldn’t spread.  It did.  I left my money in the stock market and it’s dropped 20%. I move it to savings and you cut the interest rates.  But thankfully you’re going to send me $600, that ought to cover some of my losses!

Wall Street banks that took on too much risk need to fail and not be bailed out; otherwise they will just continue their risky behavior at other people’s expense.  Home prices need to fall back to reasonable levels and only people that can truly afford a house need one.  People do NOT need to take on more debt, which got the US into this mess, so stop cutting rates!  The only thing it is doing is depressing the dollar and stealing money from people’s savings/CD’s and fixed income investments.  I realize times are tough, but no one is here bailing me out.  Wall Street needs to realize times are tough and answer to their own risky behavior!
 

 Concerned American (CLICK HERE)  (Send an email to the President and Vice President voicing your concern!)