Take Action on the Bailouts with Campaign for Liberty

Thursday, September 26, 2008

Dear C4L Member,

Yesterday, Ron Paul sent out a letter warning of the dangers of the
Paulson and Bernanke bailout plan and asking you to contact your
representatives and senators.  A vote on this bill could literally come
at any moment, and it is crucial that you immediately express your
opinion to Congress.

The picture painted by the supporters of the bailout is dire.  President
Bush reinforced this notion in his address to the nation last night and
again urged Congress to act immediately.

Remember what happened the last time the executive branch warned of
horrible consequences and rushed legislation through Congress?  We got
the Patriot Act, which to this day threatens our civil liberties on an
unprecedented scale.

We do know that our economy is in for a rough ride.  These bad
mortgage-related assets will have to be cleared out and the market will
have to reset.  The only question is how that will happen.

The easy way out is to continue the same practices that got us to this
point.  We can put $700 billion, for starters, in the hands of Treasury
Secretary Henry Paulson (a former CEO of Goldman Sachs) and Federal
Reserve Chairman Ben Bernanke, and let them spend the money on whatever
they wish.

This option will only delay the economic downturn, which will only be
worsened.

Or, we can take this opportunity to end the federal government's
interference in the marketplace, truly embrace free market capitalism,
and return to a sound monetary system.  

The Federal Reserve's practices of easy credit and monetary inflation
have crashed our economy, and now they're asking us to trust them to fix it.

When you call Congress to express your outrage at the bailout, tell them
you want real solutions.

It is time for Congress to:

1.) *End the Bailouts* - Congress must revoke the Federal Reserve's
authority to bail out failed businesses at your expense.

2.) *Cut Taxes and Curb Regulation* - If we really want to stimulate
businesses and revive the market, we need to cut corporate and capital
gains taxes, spurring investors to come back to the market and making it
easier to attract new workers and clients.  It is also time to end
failed legislation like Sarbanes-Oxley, which has crippled capital
markets, diminished our competitiveness, and greatly harmed small
businesses.   

3.) *Reduce Spending* - We must freeze all non-entitlement spending by
the federal government at current levels and eliminate wasteful spending
both domestically and in our trillion-dollar overseas budget.  Our debt
has to come down, and it won't until we start living within our means.

4.) *Reform the Monetary System* - If we are to have long-term economic
progress, we must end the system of printing money out of thin air. The
current laws limiting the circulation of gold and silver-backed currency
must be overturned.  We can no longer base our money on the empty
promises of bureaucrats that it is sound.  
 
The federal government is trying to scare us into accepting more
tyranny.  Don't stand for it.
   
Check out our action alert
<http://www.campaignforliberty.com/blog/?p=608>, and let Congress know
that you will no longer tolerate the Federal Reserve's stranglehold on
our economy.  


Best Regards,

John Tate
President
Campaign for Liberty