Perma-TARP?

From the Tea Party Patriots:

Senate Trying to Ram Through Another Bad Bill . . . Surprised?

Here's What You Need to Know

Dear Fellow Tea Party Patriots,

This Friday Senate Bill 3217, also known as the Restoring American Financial Stability Act of 2010, introduced by Democrat Senator Chris Dodd of Connecticut, is scheduled to hit the floor of the US Senate where it must wait 72 hours before it comes up for a full vote. CLICK HERE to read the actual 1,421 page bill.

 The vast majority of Tea Party Patriots' Local Coordinators from all over the country agreed on our most recent weekly conference call that this is a bad bill and we oppose it. 

 In short it grants permanent, unlimited bailout authority to the Federal Reserve.  It's like TARP forever without the nasty, unpopular debates and votes in Congress.  Beyond that it gives the Fed the power to takeover vaguely defined "nonbank financial companies".  And the Fed has the power to decide what constitutes a "nonbank financial company" on a case by case basis.

Here are some links to a few articles that give a bit more insight into this very, very bad piece of legislation which must be stopped:

 How To Create Bailouts Forever

 Hidden Danger in Dodd Financial "Reform" Bill

 Dodd Bill Creates Permanent TARP and You Can Quote That

 Connecting the Dots: Does Wall St. Want Dodd Bill?

 Obama: Read My Lips, No More Bailouts (But Let's Keep $50 Billion Around Just in Case)

 So, what are we asking you to do?

 Four things:

 1.) Please contact your own Senators first and voice your opposition to this bill.  If possible, physically go in person to the local home offices of your two Senators and speak to someone there who will take note of your opinion and pass it on.  If you're not able to go in person, please call, email, and fax the offices of both Senators from your state. (Find Your Senators by State on the Senate Website)

2.) Call, email, and fax these 8 Republican Senators who are not yet 100% opposed to this bill:

Bob Bennett of Utah (202) 224-5444 http://bennett.senate.gov/public/

Susan Collins of Maine (202) 224-2523 http://collins.senate.gov/public/

Christopher Bond of Missouri (202) 224-5721 http://bond.senate.gov/public/

Saxby Chambliss of Georgia (202) 224-3521 http://chambliss.senate.gov/public/index.cfm

Bob Corker of Tennessee (202) 224-3344 http://corker.senate.gov/public/

John McCain of Arizona (202) 224-2235 http://mccain.senate.gov/public/

Olympia Snowe of Maine (202) 224-5344 http://snowe.senate.gov/public/

Scott Brown of Massachusetts (202) 224-4543 http://scottbrown.senate.gov/public/

3.) Write Letters about this issue to your local paper for publication on or before Sunday.  Also leave comments on as many news blogs and websites related to this subject as you can find.

4.) Forward this message to as many people as you can and ask them to take these same 4 steps as soon as possible.  Use the full power of your circle of influence to move others (at least 1 more person) to take action.

Once again it's up to us, you and your fellow Tea Party Patriots, to defend America from out of control government.

 Thank you for performing this valuable service for your country!

_______________________________________________________________

You are the heart and soul of the Tea Party Movement. Thank you for promoting the causes of fiscal responsibility, constitutionally limited government, and free markets with us!

Your Tea Party Patriots National Coordinator Team,

Debbie Dooley, Mike Gaske, Rob Gaudet, Ryan Hecker, Jenny Beth Martin, Mark Meckler, Sally Oljar, Diana Reimer, and Dawn Wildman

Tea Party Patriots Support Email:  tppatriotssupport@gmail.com

Tea Party Patriots Support Phone: 404-593-0877

Jenny Beth Martin (jennybethm@gmail.com, 770-878-1550, @jenuinejen)

Dawn Wildman (dmwtpp11@yahoo.com)

Mark Meckler (mark.grassroots@gmail.com)

Debbie Dooley (debbie0040@yahoo.com)

Diana Reimer (philatppatriots@gmail.com)

Tea Party Patriots, Inc. is a social welfare organization organized under section 501(c)(4) of the Internal Revenue Code (status pending). Contributions to Tea Party Patriots, Inc. are not deductible as charitable contributions for income tax purposes.

OK, so I realize that you were as little surprised as I about congress, especially the uber-loathsome Dodd, pushing "another bad bill"--although I admit I find the sheer gall of this one to be breathtaking. It's like Andy Hardy Does Socialism: "Hey, gang! Let's takeover the economy!"