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<font color="#e54d1b" size="3" face="Arial"><b>Bailout: Open Letter to Senator Barack Obama</b></font><br><i><font color="#6c6c6c" size="1" face="Arial"><b>Charles E. Carlson Sep 30, 2008</b></font></i><br><br><span class="SD"><p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"></span> </p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Now we are being told the stock market will collapse if you do not pass the already rejected bail out bill.<span style=""> </span>Congress’ job is not to prop up a stock market that reflects the excesses of the past.<span style=""> </span>You can no more control it than you can stop <st1:place w:st="on"><st1:city w:st="on">Niagara Falls</st1:city></st1:place>.<span style=""> </span>Even if you could, it is not your job.<span style=""> </span>Let it take its course.<o:p></o:p></font></font></span></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Your job, Senator Obama, and Congress’ job is to go forward.<span style=""> </span>You need to investigate the Federal Reserve System to see if it needs to be nationalized by Congress. <span style=""> </span>It is a secret monopoly and you will never see it more clearly than you do right now.<span style=""> </span>Perhaps you should read the words of Andrew Jackson, another Democrat, who killed the previous FED called the II Bank of the <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place> in 1836.<span style=""> </span>You might also take counsel from Ron Paul, from whom I have heard the truth.<o:p></o:p></font></font></span></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Secondly,
you need an Attorney General who will encourage every state’s Attorney
General to prosecute vigorously every Wall Street executive, every <st1:place w:st="on"><st1:state w:st="on">Washington</st1:state></st1:place> lobbyist, and every sold-out politician who brought this calamity upon our people.<o:p></o:p></font></font></span></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Please be a Chief Executive for your future <span style="">constituents</span>
by telling them you realize they have spoken and that you will make the
best of their decision so far as it is legal, moral, and Constitutional.<span style=""> </span>What other constraints do you need?<span style=""> </span></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman"><span style=""></span></font></font></span> </p><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman"><span style="">
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font size="3"><font face="Times New Roman"><span style="font-family: TimesNewRomanPSMT;">Congressman
Harry Mitchell told the press his calls were divided about 50-50 on the
bail out...half said "No" and half said "Hell no."</span></font></font></p></span><o:p></o:p></font></font></span>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><font size="3"><font face="Times New Roman"><span style="font-family: TimesNewRomanPSMT;">No,</span><span style="font-family: TimesNewRomanPSMT;"> it is not your job to push through some modified spending bailout scheme as we have heard both candidates tell the press.<span style=""> </span>It is time for you to realize the people have spoken, and their idea of right and wrong has guided most of them.<span style=""> </span>They have said no and they, not you, will pay the cost.</span></font></font></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Why
would you want Congress to give fiscal control to a committee made up
of an appointed International Federal Reserve front man and a former
banker who became a half-billionaire while helping to direct Wall
Street into this disaster. <span style=""> </span>Senator Obama, you have said “We must do this.” <span style=""> </span>No, you must not!<span style=""> </span>Your constituents have spoken, you need to listen!<span style=""> </span><o:p></o:p></font></font></span></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Your bailout plan is not needed, and it is un-American.<span style=""> </span>The Federal Reserve Bank will and already has stepped right in and funded whatever it wants to without Congress. <span style=""> </span>Ben Bernanke has said he will throw money out of helicopters to keep the economy (and our wars) going.<span style=""> </span>Let him, and then arrest him for counterfeiting.<span style=""> </span>His
actions say clearly that our Congress and White House are not in
control at all. The non-elected, non-government, private banker’s
monopoly, the FED, is in control! <span style=""> </span>It is asking you to join it and legitimize its’ acts.<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">You,
Senator Obama, Mr. Bernanke, the media, and the Administration have all
been guilty of self-deception when you have said the “taxpayers” will
have to pay for this bailout.<span style=""> </span>You are very wrong, it is not the taxpayers but the consumers who must pay, and this is a big and material difference. <o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Taxpayers are those who pay net taxes. <span style=""> </span>Every child is a consumer, but not a taxpayer.<span style=""> </span>Most
retired people are consumers but not net taxpayers; students, all
government employees (directly and indirectly), and the military are
all consumers and not net taxpayers.<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Every
bailout is funded by diluting the consumer’s funds…his savings,
pension, his social security, his 401-K, his stocks, and even his home.<span style=""> </span>Do not aid and abet the dilutors.<span style=""> </span>Do
not tell us the “taxpayers” will pick up the bill, when in fact our
children will be diluted to the quick to pay for what you seem to want
to give away.<span style=""> </span>Better we all go half hungry now than allow our abuses to reign down on the innocent unborn.<span style=""> </span>What will God say of leaders who do this in order to follow the sharks of Wall Street?<span style=""> </span><span style="">We<b> </b>must not </span>bind our grandchildren to worthless money for their sake.<b><o:p></o:p></b></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">The
proof that you can not out give the FED came Monday, September 29, two
hours after the House voted “No” to the bailout scheme the FED stepped
in.<span style=""> </span>Wachovia bank was scheduled to be the first big, deservedly- broke bank to be” bailed out” under the Congressional plan. <span style=""> </span>But when Congress spoke, the Wachovia plan evaporated. <span style=""> </span>The FED stepped in within minutes with a new plan.<span style=""> </span>The stock of Wachovia bank collapsed from eight to one dollar at about 2:00 PM Eastern Time when the plan was announced.<span style=""> </span>The
FED had Wachovia’s back up suitor waiting in the wings all along ready
to underwrite $130 billion in bad debts and save the depositors.<span style=""> </span><o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">The
Treasury funded plan would have given the stockholders of Wachovia a
$17 billion dollar bonus, which they did not get from the FED which
knew well there was no stockholder equity left in the company.<span style=""> </span>And
the next day the FED announced it was “flooding” the world banking
system with some $600 billion dollars, almost as much as the entire
“bail out” package.<span style=""> </span>Do you know where the FED got this money?<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Senator
Obama, Congress does not need to destroy our Constitutional concept of
sound money by becoming an accomplice to the crimes of the Federal
Reserve System.<span style=""> </span>The FED was there behind the scenes electronically printing the money as soon the Congress said no!<span style=""> </span>And it will continue to throw money out of golden helicopters until our leaders stop it.<span style=""> </span>Why should you stop such a grand partner as the FED…because it is criminal, robbing all consumers of their future.<o:p></o:p></font></font></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><o:p><font size="3" face="Times New Roman"> </font></o:p></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman">Where do these billions and trillions of dollars the FED spends come from?<span style=""> </span>It
prints it electronically, as a recent Brian Williams TV news show
correctly observed on MSNBC.*The FED dilutes the value of every dime we
own or that your grandchildren will earn with every dollar it creates.<o:p></o:p></font></font></span></p>
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<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: TimesNewRomanPSMT;"><font size="3"><font face="Times New Roman"><span style=""></span><o:p>Brian Willimas on NBC <span class="SD"><a href="http://www.msnbc.msn.com/id/21134540/vp/26759500#26759500" target="blank">http://www.msnbc.msn.com/id/21134540/vp/26759500#26759500</a></span></o:p></font></font></span></p></span><br /><hr />Store, manage and share up to 5GB with Windows Live SkyDrive. <a href='http://skydrive.live.com/welcome.aspx?provision=1?ocid=TXT_TAGLM_WL_skydrive_102008' target='_new'>Start uploading now</a></body>
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