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eyewashdesign: A. Golden New Yorkers Demonstration the US0 BILLION (US TRILLION) Wall Surface Street BAILOUT: Wall Surface Street, NYC – September 25, 2008
VOTE YOUR PRINCIPLES on 04 NOVEMBER 2008!
Digital photographer: a. gold, eyewash layout – c. 2008.
The wealthiest 400 Americans– that’s right, just four-hundred people– very own GREATER THAN the lower 150 million Americans COMBINED! 400 of the wealthiest Americans have obtained more stashed away compared to half the whole nation! Their mixed total assets is.6 trillion. Throughout the 8 years of the Shrub Management, their wealth has boosted by virtually 0 billion– the same amount that they were demanding We provide to them for the “” bailout”.” Why don’t they simply invest the cash they made under Shrub to bail themselves out? They would certainly still have almost a trillion dollars left over to spread out amongst themselves!
Naturally, they are not going to do that– a minimum of not willingly. George W. Shrub was handed a 7 billion surplus when Costs Clinton left office. Because that loan was OUR cash as well as not HIS, he did just what the abundant favor to do– spend it as well as never ever look back. Now we have a. 5 trillion financial debt that will take 7 generations from which to recoup. Why– on– earth– did– “our–” representatives “– give– these– robber– barons– $ US850 BILLION– of– OUR
— loan? Recently, recommended my own bailout strategy. My ideas, provided below, were based on the particular and basic belief that the abundant must pull themselves up by their own platinum bootstraps. Sorry, others, yet you drilled it right into our heads one way too many times: THERE … IS … NO … FREE … LUNCH ~ PERIOD! As well as thank you for encouraging us to despise individuals on welfare! So, there must have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting VERSUS this BAILOUT, in an extraordinary turn of occasions, the Home FLIP-FLOPPED their “” No” Ballot & & said” Yes””, in a rush variation of a “” bailout” expense vote. DESPITE THE PEOPLE’S OVERWHELMING DISAPPROVAL OF THIS BAILOUT EXPENSE … Even With MILLIONS OF CALLS FROM INDIVIDUAL CRASHING WASHINGTON “” agents” ‘” PHONE LINES … IN SPITE OF CRASHING OUR POLITICIAN’S WEB SITES … IN SPITE OF HUNDREDS OF THOUSANDS OF INDIVIDUALS PROTESTING AROUND THE COUNTRY … THEY ELECTED FOR THIS BAILOUT! Individuals initially was successful on Monday with the House, however failed do it with the Senate and after that THE HOME ACTIVATED US TOO!
It is clear, though, we could not merely proceed protesting without proposing exactly what it is we assume THESE MORONS need to/’ve do/one. So, after seeking advice from a variety of individuals smarter compared to Phil Gramm, here’s the proposition, currently understood as “” Mike’s Rescue Plan.” “( From Michael Moore’s Bailout Plan) It has 10 straightforward, simple points. They are that you DIDN’T, BUT SHOULD’VE:
1. DESIGNATED An UNIQUE PROSECUTOR TO CRIMINALLY INDICT ANY INDIVIDUAL ON WALL STREET THAT INTENTIONALLY ADDED TO THIS COLLAPSE. Prior to any type of new cash was expended, Congress should have dedicated, by resolution, to CRIMINALLY PROSECUTE ANYONE that had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This indicates that anybody that devoted insider trading, securities scams or any action that assisted cause this collapse should have and also MUST GO TO JAIL! This Congress MUST HAVE asked for a Special Prosecutor who would intensely pursue every person that created the mess, and also any individual else who tries to scam the general public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky … Wall Street dislikes him & & this is an ADVANTAGE.).
2. THE RICH MUST HAVE PAID FOR THEIR OWN BAILOUT! They might need to reside in 5 residences rather of 7. They could have to drive 9 cars rather of 13. The cook for their mini-terriers might have to be reassigned. Yet there is no chance in heck, after requiring family incomes to decrease more compared to,000 dollars during the Shrub years, that working people and the center course should need to fork over one dime to finance the next yacht acquisition.
If they really needed the 0 billion they say they required, well, below is an easy way they might have increased it:.
a) Every couple makeing over a million bucks a year and also every solitary taxpayer who makes over 0,000 a year should pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He resembles Colonel Sanders, only he’s bent on fry the best poultries.) That indicates the rich would certainly have still been paying much less revenue tax compared to when Carter was head of state. That would have increase a total amount of 0 billion.
b) Like nearly every other democracy, they must have charged a 0.25% tax on every supply deal. This would have elevated a lot more than 0 billion in a year.
c) Due to the fact that every stockholder is a patriotic American, shareholders ought to have passed up receiving a dividend look for ONE quarter and rather this cash would certainly have gone the treasury to assist spend for the bullsh * t bailout.
d) 25% of major U.S. firms currently pay NO government income tax. Federal corporate tax obligation profits currently amount to 1.7% of the GDP compared with 5% in the 1950s. If we increased the corporate earnings tax BACK to the degrees of the 1950s, this would certainly provide us an added 0 billion.
All this integrated must have been enough to end the disaster. The abundant would have obtained to maintain their estates as well as their slaves and also our USA government (“” COUNTRY FIRST!”” )would certainly’ve have a little remaining to fix some roads, bridges as well as schools …
3. YOU NEED TO HAVE BOND OUT INDIVIDUAL LOSING THEIR HOMES, NOT THE INDIVIDUALS THAT WILL DEVELOP AN EIGHTH HOUSE! There are 1.3 million homes in repossession today. That is just what is at the heart of this problem. So, as opposed to offering the cash to the banks as a gift, they should have paid down each of these home loans by 0,000. They ought to have required the banks to renegotiate the mortgage so the property owner could pay on its current worth. To guarantee that this aid wouldn’t go to speculators and those who attempted to generating income by turning residences, the bailout should have just been for individuals’s primary homes. And also, in return for the 0K pay-down on the existing home loan, the federal government would have obtained to share in the holding of the home loan so it can obtain a few of its refund. Therefore, the complete preliminary expense of dealing with the home mortgage situation at its roots (rather than with the hoggish lenders) is 0 billion, not 0 BILLION.
As well as let’s establish the record straight. People who have actually failed on their home mortgages are not “” bad threats.” “They are our fellow Americans, and all they wanted was exactly what most of us want: a house to call their very own. Yet, throughout the Shrub years, numerous individuals lost the good paying work they had. SIX MILLION dropped right into poverty! 7 MILLION lost their health and wellness insurance policy! And also, each of them saw their genuine earnings decrease by,000! Those that DARE look down on these Americans that obtained struck with one negative break after one more must be EMBARRASSED.! We are a better, more powerful, much safer as well as happier culture when all our citizens could pay for to live in a home they own.
4. THERE NEEDS TO HAVE BEEN A TERMS THAT IF YOUR BANK OR COMPANY OBTAINED Any One Of OUR LOAN IN A “” BAILOUT,” “AFTER THAT WE OWN YOU. Sorry, that’s how it’s done. If the bank provides me cash so I can buy a house, the financial institution “” possesses” that home till I pay everything back– with passion. Same bargain for Wall Road. Whatever loan you require to survive, if our government considers you a risk-free danger– as well as essential for the good of the country– then you could obtain a car loan, but WE OUGHT TO OWN YOU. If you default, we will certainly sell you. This is just how the Swedish federal government did it and also it worked.
5. ALL LAWS MUST HAVE BEEN BE RECOVERED. THE REAGAN TRANSFORMATION IS DEAD! This disaster occurred because we allowed the fox have the secrets to the hen-house. In 1999, Phil Gramm authored a bill to get rid of all the regulations that regulated Wall Road as well as our banking system. The costs passed and Clinton signed it. Right here’s exactly what Sen.Phil Gramm, McCain’s primary economic consultant, stated at the costs signing:.
“” In the 1930s … it was believed that government was the solution. It was thought that security as well as development originated from federal government bypassing the performance of free enterprises.
“” We are right here today to reverse [that] since we have actually learned that government is not the answer. We have learned that flexibility as well as competitors are the responses. We have actually learned that we promote financial growth and we promote stability by having competition and flexibility.
“” I am pleased to be below because this is a crucial expense; it is a deregulatory costs. I think that is the wave of the future, and also I am extremely proud to have actually been a part of making it a truth.””
. FOR THIS NOT TO REOCCUR, This EXPENSE OUGHT TO HAVE BEEN REPEALED! Costs Clinton could have assisted by leading the initiative for the repeal of the Gramm expense as well as the renewing of also harder guidelines concerning our banks. And also when they were finished with that, they ought to have restored the laws for the airlines, the assessment of our food, the oil industry, OSHA, and also every various other entity that impacts our day-to-days live. All oversight arrangements for any type of “” bailout” need to have had enforcement monies attached to them and also criminal fines for all wrongdoers.
6. IF IT’S AS WELL BIG TO FAIL, THEN THAT SUGGESTS IT’S TOO BIG TO EXIST! Enabling the production of these mega-mergers as well as not enforcing the syndicate and also anti-trust legislations has allowed a number of monetary organizations as well as companies to end up being so large, the very thought about their collapse implies an even larger collapse throughout the entire economic climate. Nobody or 2 business ought to EVER BEFORE have this kind of power! The supposed “” financial Pearl Harbor” “can not occur when you have hundreds– thousands– of institutions where people have their loan. When we have a lots automobile business, if one goes belly-up, we DON’T ENCOUNTER A NATIONAL DISASTER! If we have 3 separately-owned daily newspapers in your community, after that one media firm can’t call all the shots (I recognize … Exactly what am I thinking?! Who reads a paper any longer? Sure happy all those mergers as well as buyouts left us with a STRONG and “” FREE” press!). Regulations Should have been established to prevent business from being so big and also leading that with one slingshot to the eye, the GIANT DROPS and also PASSES AWAY. And also no organization should be enabled to establish up money systems that NO ONE understands. If you can not discuss it in 2 sentences, you should not be taking any individual’s cash!
7. NO EXECUTIVE NEEDS TO EVER BE PAID GREATER THAN 40 TIMES THEIR TYPICAL EMPLOYEE, AND NO EXECUTIVE NEED TO RECEIVE ANY KIND OF “” PARACHUTE” ASIDE FROM THE REALLY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE FIRM. In 1980, the average American CEO made 45 times what their staff members made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now transform 400 times what their ordinary staff member makes. Just how We have actually enabled this to take place at publicly held firms is beyond reason. In Britain, the average Chief Executive Officer makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I listened to, the Chief Executive Officer of Toyota was living the high life in Tokyo. Exactly how does he do it on so little cash? Seriously, this is an OUTRAGE! We have actually developed the mess we remain in by letting individuals at the top ended up being bloated past belief with millions of bucks. THIS NEEDS TO STOP! Not just should no executive that receives assist of this mess make money from it, yet any exec who was in fee of running his company into the ground need to be TERMINATED before the firm obtains ANY help.
8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S FINANCIAL SAVINGS, BUT ALSO THEIR PENSIONS AND ALSO THEIR RESIDENCE. Obama was right to recommend expanding FDIC security of individuals’s cost savings in their banks to 0,000. But, this exact same sort of federal government insurance coverage need to be offered to our NEVER need to stress concerning whether the loan they have actually done away with for their seniority will exist. This should have implied rigorous government oversight of business that handle their employees’ funds– or possibly it indicates the companies should have been compelled to transform over those funds and also their management to the federal government? Individuals’s exclusive retired life funds have to likewise be shielded, but possibly it’s time to think about not having one’s retirement purchased the gambling establishment understood as the securities market??? Our government should have a solemn task to ensure that no one that ages in this country has to stress over ending up being penniless.
9. EVERYBODY SHOULD TAKE A DEEP BREATH, RELAX, AND NOT LET CONCERN RULE THE DAY. Switch off your Televisions! We are NOT in the 2nd Great Depression. The sky is NOT falling, Chicken Little! Experts and also political leaders have actually existed to us so FAST as well as FURIOUS it’s tough not to be impacted by all the concern mongering. Even I created to and duplicated what I listened to on the news recently, that the Dow had the biggest eventually decrease in its background. Well, that held true in regards to points, but its 7% decline came no place close to Black Monday in 1987 when the supply market in eventually lost 23% of its value. In the ’80s, 3,000 financial institutions closed, however America really did not go out of company. These organizations have always had their ups as well as downs and also eventually it functions out. It needs to, due to the fact that the rich do not like their wide range being interrupted! They have a vested rate of interest in relaxing things down and obtaining back into their Jacuzzis prior to they slide into their million thread-count sheets to drop off to a tranquil, Vodka restorative and Ambien-induced sleep.
As crazy as things are right currently, 10s of thousands of individuals obtained a cars and truck funding recently. Thousands went to the financial institution as well as obtained a home loan to acquire a residence. Students simply back to college located financial institutions greater than pleased to put them into hock for the following 15 years with a pupil lending. I was also pre-approved for a USK personal loan. Yes, life has gone on with little-or-no-change (apart from the monstrous 6.1% umeployment price, but that took place last month). Not a single person shed any one of his/her loan in financial institution, or a treasury note, or in a CD. And, the maybe the most remarkable point is that the American public FINALLY really did not get the scare campaign. The people didn’t blink, rather telling Congress to take that bailout and shove it. THAT was impressive. Why really did not the populace catch the fright-filled cautions from their head of state and also his cronies? Well, you could just claim ‘Saddam has the bomb’ numerous times prior to individuals understand you’re a lying sack of shit. After eight long years, the country is put on out and also simply can’t take it any kind of longer. The WORLD is fed up & & I do not blame them.
10. THEY NEEDS TO HAVE PRODUCED A NATIONAL FINANCIAL INSTITUTION, A “” PEOPLE’S FINANCIAL INSTITUTION.” “Considering that they’re really itching to publish up a trillion dollars, rather than giving it to a couple of rich individuals, why do not We offer it to ourselves? Since We own Freddie and Fannie, why not set up a People’s financial institution? One that can offer low-interest finances for all kind of people who intend to possess a house, begin a small company, most likely to college, come up with the treatment for cancer cells or create the following great invention. And also, currently that we own AIG – the country’s largest insurer – let’s take the next step and also OFFER WELLNESS INSURANCE POLICY FOR EVERYBODY. MEDICARE FOR ALL! It will certainly CONSERVE us SO MUCH MONEY in the future (not to point out bring assurance to all). As well as, The U.S.A. won’t be 12th on the life span list! We’ll have the ability to have a much longer life expectancy, enjoying our government-protected pension and also will live to see the day when the company criminals who triggered this much suffering are let out of jail to ensure that We could aid re-acclimate them to simple old ordinary, private life– a life with ONE good home as well as ONE gas-free cars and truck developed with help from the People’s Financial institution.
P.S. Call your Senators CURRENTLY !!!– >> www.visi.com/juan/congress/
Since they elected against passing the extension of joblessness benefits and also absconded to “” campaign” to us to be re-elected … call them and also inform them you will choose the various other “” man” if they do not obtain their act with each other!
The Bailout Is A Truly Wickedness Catastrophe And Also Enabler Pelosi Must Go.
We are listening to an increasing number of records of how badly the inexpedient lender’s bailout is being dealt with, multi-million dollar perks for Paulson’s old cronies at Goldman Sachs, billions going to finance the requisition of competing banks, making the “” as well huge to fall short” “even larger, and also the taxpayer obtaining an otherwise rotten deal for their financial investment. We also listened to a Republic legislator asking exactly how quick they might blow the loan.
NONE of this could have taken place without the fawning complicity of Nancy Pelosi, who infamously stated it was Shrub’s proposition, AS OPPOSED TO coming onward with a durable different plan. Just like Bush, she believes she is immune, she thinks she is unaccountable, and shame on us if we don’t do everything we can to defeat her this Tuesday, and also replace her with Cindy Sheehan.
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Jack Snell – Thanks for over 26 Million Sights
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www.youtube.com/watch?v=4RN5XERTQLI Currently on disolay at the California Automotive Gallery, Sacramento, CA.
On Financing from the National Vehicle Gallery, Reno, NV.
This was the automobile Jimmy Dean utilized in the film ‘Rebel Without A Cause’.
California Car Museum (Officially Towe).
2200 Front Street Sacramento, CA 95818-1106.
Voice (916) 442-6802.
Fax (916) 442-2646.
General inquiries info@CalAutoMuseum.org.
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