----- Original Message -----
From: Idaho Values Alliance
To: Deon Masker
Sent: Monday, September 22, 2008 5:59 AM
Subject: IVA Action Alert: "No" on bailout
The Idaho Affiliate of the American Family Association
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Monday, September 22, 2008
Bryan Fischer, Executive Director
IVA ACTION ALERT: CALL REP. SIMPSON, SEN. CRAPO TODAY: NO
BAILOUT
Please forward this Action Alert to every concerned citizen
you know in Idaho.
The current crisis in America's financial industries has been
created by the federal government. At its root is a Clinton-era directive to
mortgage lenders to make race-based loans to non-credit-worthy customers under
threat of punishment from the federal government.
Banks were directed to ignore historic yardsticks such as
credit history, sources of income and amount of down payment and ordered to
underwrite risky loans or face potentially crippling class action
discrimination lawsuits.
These loans defied common sense, fiscal prudence and every
standard banking practice. Artificially low interest rates, created by the
Federal Reserve, added to the problem by giving lenders another incentive to
make logic-defying loans.
It is thus no surprise that defaults are occurring in
alarming numbers.
Now, President Bush and Congress are planning to bail out
America's financial industry for these foolhardy loans by placing a $1 trillion
brick in the backpack of America's families, a bailout that will mortgage your
future, your children's future, and your grandchildren's future.
It will, in one fell swoop, triple this year's federal
deficit, already at a record $500 billion, and balloon the already stupendous
total federal debt to a stratospheric $11,000,000,000,000, which represents
$36,667 in debt for every man, woman and child in America.
Worse, Treasury Secretary Paulson said over the weekend that
he wants American taxpayers not just to bail out American banks but foreign
banks as well.
It is time for the Idaho's taxpayers to rise up as one and
say, "No, no, a thousand times no!"
At last word, Idaho's Rep. Mike Simpson is planning to vote
for this bailout, and Sen. Mike Crapo is tilting toward it as well. Of Idaho's
congressional delegation, only Rep. Bill Sali is holding the line to protect
Idaho families from this effort by federal officials to force you to fix the
problems of their own making.
Time is of the essence. Please call today since this bailout
is on the fast track.
Please call Rep. Mike Simpson and Sen. Mike Crapo at
202-224-3121 and leave them a simple message: "Please vote 'No' on the taxpayer
bailout."
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