March 25, 2010
Dear Sue,
It seems that forcing us to buy health insurance and further increasing their interference in our health care decisions wasn't enough to quench the appetite of big government politicians for even 24 hours.
On Monday, Senator Chris Dodd rammed his "financial reform" legislation through his Senate Banking Committee on a strictly party-line vote.
It's no surprise that Chris Dodd's answer to the economic crisis is the same as his answer to seemingly everything else: give the government more power.
I need you to contact your senators today and make sure they know you are opposed to continuing the same practices that created this latest economic crisis. Before I give you their information, let me tell you a little bit of what Senate leaders have planned for our economy.
Dodd's bill, which should be called the "Fed Empowerment Act," will add more layers of bureaucracy to government. One of its provisions includes creating a new Consumer Financial Protection Bureau to be housed at the Fed and funded by it.
Apparently, the Connecticut senator expects us to believe that an agency inside the Fed and financed by it will be "independent."
The legislation also includes a new Financial Stability Oversight Council to "monitor" companies that supposedly could become "too big to fail." The Council will have the ability to require nonbank financial companies to be under the Federal Reserve's supervision if the government deems they pose a "risk" to financial stability.
Certain large companies will be expected to submit plans to the government "for their rapid and orderly shutdown" if the company goes under. Failing to submit plans that meet the government's requirements will result in penalties. In the midst of this ongoing economic crisis, money that could have been spent creating jobs and new products will now have to go toward meeting government regulations.
And who knows how many businesses could be targeted and broken up, under the guise of "reform," solely for standing up to the federal government!
In yet another expected move, Dodd's bill strips out a complete Fed audit and allows the Fed to decline to disclose specific information.
It seems our elected officials have nothing better to do than reward themselves with more power for their own failures.
Senator Roland Burris and Senator Richard Durbin need to hear from you today!
Call Senator Roland Burris at (202) 224-2854 and Senator Richard Durbin at (202) 224-2152 and make it clear that you are tired of hearing about the need for more government when big government itself is the problem.
It's time to cut spending, stop printing money out of thin air, and thoroughly audit the Federal Reserve!
Urge them to push for real reform by calling for an up or down, standalone vote on Audit the Fed, S. 604.
Don't let your senators get off easy during their break. Contact their offices and tell them it's time to end government's massive interference in our economy!
In Liberty,
John Tate
President
March 25, 2010
Dear Sue,
It seems that forcing us to buy health insurance and further increasing their interference in our health care decisions wasn't enough to quench the appetite of big government politicians for even 24 hours.
On Monday, Senator Chris Dodd rammed his "financial reform" legislation through his Senate Banking Committee on a strictly party-line vote.
It's no surprise that Chris Dodd's answer to the economic crisis is the same as his answer to seemingly everything else: give the government more power.
I need you to contact your senators today and make sure they know you are opposed to continuing the same practices that created this latest economic crisis. Before I give you their information, let me tell you a little bit of what Senate leaders have planned for our economy.
Dodd's bill, which should be called the "Fed Empowerment Act," will add more layers of bureaucracy to government. One of its provisions includes creating a new Consumer Financial Protection Bureau to be housed at the Fed and funded by it.
Apparently, the Connecticut senator expects us to believe that an agency inside the Fed and financed by it will be "independent."
The legislation also includes a new Financial Stability Oversight Council to "monitor" companies that supposedly could become "too big to fail." The Council will have the ability to require nonbank financial companies to be under the Federal Reserve's supervision if the government deems they pose a "risk" to financial stability.
Certain large companies will be expected to submit plans to the government "for their rapid and orderly shutdown" if the company goes under. Failing to submit plans that meet the government's requirements will result in penalties. In the midst of this ongoing economic crisis, money that could have been spent creating jobs and new products will now have to go toward meeting government regulations.
And who knows how many businesses could be targeted and broken up, under the guise of "reform," solely for standing up to the federal government!
In yet another expected move, Dodd's bill strips out a complete Fed audit and allows the Fed to decline to disclose specific information.
It seems our elected officials have nothing better to do than reward themselves with more power for their own failures.
Senator Roland Burris and Senator Richard Durbin need to hear from you today!
Call Senator Roland Burris at (202) 224-2854 and Senator Richard Durbin at (202) 224-2152 and make it clear that you are tired of hearing about the need for more government when big government itself is the problem.
It's time to cut spending, stop printing money out of thin air, and thoroughly audit the Federal Reserve!
Urge them to push for real reform by calling for an up or down, standalone vote on Audit the Fed, S. 604.
Don't let your senators get off easy during their break. Contact their offices and tell them it's time to end government's massive interference in our economy!
In Liberty,
John Tate
Thursday, March 25, 2010
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