Reply #100: Stop the mother-of-all-muggings before it starts.

[ozymandius]

(cross-posted from GD)

Paulson and Bernanke seek dictatorial power to help their pals in the banking industry. Section 8 of the Paulson plan immunizes any action by the Treasury secretary from ANY oversight.

Write your representative.

Do you think that you don't know enough about our dire situation to say something about it? Do you feel Paulson's plan and all other forms of action are flawed but just cannot say why? No worries. 'Copy-and-paste' is your friend.

Some have spoken quite eloquently about the subject here at DU. Fair use of language from economic blogs allows you to find your voice with others' help. Go here for an overview of this nonsense that will be made worse under the Paulson plan.

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Mike Shedlock is all over this horrible Paulson proposal. Mish offers basic talking points for you to use. So does Paul Krugman.

From Mish's site:

Phone or Email your Senators today. Tell them in your own words

* Urge your senator to Filibuster any bailout legislation.
* Emphatically state you do not want a bailout of any kind for anyone.
* No Dictatorial power for Paulson or Bernanke
* Taxpayers should not have to bail out banks making bad loans
* Tell them that "The Fed" and Paulson are systemic risk".

Email AND Phone Senators Shelby, Bunning, Kyle, Hagel

Whether Senator Shelby is your Senator or not, flood him with calls and emails asking for a filibuster and to stop the insanity. Senators Shelby, Bunning, and Kyle might be sympathetic to the cause, based on past statements. I am taking a stab at Hagel.

Please email and phone the following. Specifically ask for a filibuster and tell them to vote no to any bailout.

Shelby, Richard C.- (R - AL)
110 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
[phone]
E-mail: [email protected]

Bunning, Jim- (R - KY)
316 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
[phone]
Web Form: http://bunning.senate.gov/public/index.cfm?FuseAction=Contact.ContactForm

Kyl, Jon- (R - AZ)
730 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
[phone]
Web Form: kyl.senate.gov/contact.cfm

Hagel, Chuck (R - NE)
248 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
[phone]
Web Form: hagel.senate.gov/public/index.cfm?FuseAction=Contact.Home

Please email and phone both of your senators as well.

This Paulson plan creates systemic risk at your expense. The bet being wagered here is that emotions, not clear-headed decisions, will drive this horrible legislation. We cannot cave to fear without a world of regret being the reward.

Write your representative.