Post by unlawflcombatnt on Nov 27, 2008 0:07:33 GMT -6
I received the following Email titled "Break the Bailout."
Everyone interested in helping to break the bailout should consider this.
Everyone interested in helping to break the bailout should consider this.
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ACTION NEEDED, CLICK HERE: www.breakthebailout.com/node/23
Bailout Breakers:
Do you know what the real cost of the bailout is: $7.76 Trillion.
That is what Bloomberg reports has been committed on behalf of the American taxpayer to bailout America’s finance system. And that before yesterday’s bailout activities – now its up to $8.4 billion. This includes spending by the Treasury, Federal Reserve and FDIC.
- The amount is equal to half the value of everything produced in the United States last year.
- It is $24,000 for every man, woman and child in America, that is nearly $100,000 for a family of four.
- It's 9 times what the U.S. has spent so far on wars in Iraq and Afghanistan.
- It is enough money to pay off more than 1/2 the country's mortgages, but bankruptcies have continued despite the bailout.
All of this money poured into banks and yet foreclosures, bankruptcy and unemployment are all up; the stock market, consumer spending and housing prices are down.
Below we ask you to take two easy steps that can make a difference, but first consider this: Barry Ritholtz, author of "Bailout Nation," points out, the bailout has cost more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, the Iraq war, the Vietnam war, and NASA's lifetime budget – COMBINED! In fact, the bailout is almost double:
- Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
- Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
- Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
- S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
- Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
- The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
- Invasion of Iraq: Cost: $551 billion, Inflation Adjusted Cost: $597 billion
- Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
- NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
We are asking you to do two things – they will just take you a few minutes:
1. First we are working to break the bailout. Pledge today at BreakTheBailout.com and pledge to help Break the Bailout. If you have already pledged, urge everyone you know to join you by forwarding this message to them. Click here to pledge:
www.breakthebailout.com
2. Write to your senator and congressman to urge them to Break the Bailout by publicly proclaiming they will not support the second half of the bailout approved by Congress. Paulsen is almost out of money – let’s not give him anymore. Click HERE to send a letter:
salsa.democracyinaction.org/o/1331/t/8125/campaign.jsp?campaign_K...
Acting alone, we can achieve nothing; acting together, we can change everything. We need to act together because change is urgently needed.
Sincerely,
Kevin Zeese
Executive Director, Campaign for Fresh Air and Clean Poltics
Co-found, Break the Bailout
ACTION NEEDED, CLICK HERE: www.breakthebailout.com/node/23
Bailout Breakers:
Do you know what the real cost of the bailout is: $7.76 Trillion.
That is what Bloomberg reports has been committed on behalf of the American taxpayer to bailout America’s finance system. And that before yesterday’s bailout activities – now its up to $8.4 billion. This includes spending by the Treasury, Federal Reserve and FDIC.
- The amount is equal to half the value of everything produced in the United States last year.
- It is $24,000 for every man, woman and child in America, that is nearly $100,000 for a family of four.
- It's 9 times what the U.S. has spent so far on wars in Iraq and Afghanistan.
- It is enough money to pay off more than 1/2 the country's mortgages, but bankruptcies have continued despite the bailout.
All of this money poured into banks and yet foreclosures, bankruptcy and unemployment are all up; the stock market, consumer spending and housing prices are down.
Below we ask you to take two easy steps that can make a difference, but first consider this: Barry Ritholtz, author of "Bailout Nation," points out, the bailout has cost more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, the Iraq war, the Vietnam war, and NASA's lifetime budget – COMBINED! In fact, the bailout is almost double:
- Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
- Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
- Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
- S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
- Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
- The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
- Invasion of Iraq: Cost: $551 billion, Inflation Adjusted Cost: $597 billion
- Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
- NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion
We are asking you to do two things – they will just take you a few minutes:
1. First we are working to break the bailout. Pledge today at BreakTheBailout.com and pledge to help Break the Bailout. If you have already pledged, urge everyone you know to join you by forwarding this message to them. Click here to pledge:
www.breakthebailout.com
2. Write to your senator and congressman to urge them to Break the Bailout by publicly proclaiming they will not support the second half of the bailout approved by Congress. Paulsen is almost out of money – let’s not give him anymore. Click HERE to send a letter:
salsa.democracyinaction.org/o/1331/t/8125/campaign.jsp?campaign_K...
Acting alone, we can achieve nothing; acting together, we can change everything. We need to act together because change is urgently needed.
Sincerely,
Kevin Zeese
Executive Director, Campaign for Fresh Air and Clean Poltics
Co-found, Break the Bailout