How to vote against the bailout October 3, 2008
Posted by Jeff Nabers in : Money, Personal Enjoyment, Self Directed IRA Solo 401k , add a comment
- Don’t call or write your Senator or representative
- Don’t sign any petitions online
- Don’t join a consumer advocacy organization
Our government is not one for the people anymore, and we must oppose the bailing out of failing, irresponsible, fraudulent corporations.
Reasons to vote against the bailout
- The corporate officers who made the decision to pursue short term profits at the cost of later bankruptcy often received tens of millions of dollars in bonuses and dismissed adequate warnings from advisers about the future consequences of their decisions.
- Bailing these companies out is a reward for behaving dishonestly, unethically, and fraudulently.
- If running a company into the ground is rewarded with free money, then this puts sound-minded companies in a position of competitive disadvantage.
- This would create new rules of business: If you are a small company, you must follow sound-minded practices to thrive; if you are a very large company, destroy your company and it will be rebuilt at the cost of American taxpayers.
- Bailouts are requiring the Fed to create an extraordinary amount of new money which throws fuel on the fire of the already double digit inflation. Runaway inflation steals wealth from citizens to give it to the banking system and the government.
How do I vote against the bailouts?
Because our system of (more…)
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