----- Original Message ----- From: Downsizer Dispatch To: [EMAIL PROTECTED] Sent: Friday, September 26, 2008 8:28 AM Subject: Messages to Congress as high as 300 to 1 against bailout
D o w n s i z e r - D i s p a t c h -------------------------------------------------------------------------------- Quote of the Day: "Party is the madness of many for the gain of a few." -- Alexander Pope Subject: Messages to Congress running as high as 300 to 1 against the bailout First the Republicans were for it (the Big Bailout), and then they were against it. What happened? What happened is YOU, and others like you, pounding on Congress to NOT pass the Big Bailout. There were constant reports on CNBC yesterday, and in other places, that calls and messages to Congress were running roughly 300 to 1 against the Big Bailout. This is what made the Republicans reverse course. Your messages and calls to Congress do make a difference! But pressure from powerful special interests also has an impact, so we must maintain OUR pressure. It would also help to provide Congress with an alternative plan that is better than the Big Bailout. Fortunately, we can do that. All Congress has to do is remove the mark-to-market accounting rule, and replace it with a "discounted cash flow" accounting rule. Doing so would . . . * Enable firms to record a more realistic value for their assets * Boost balance sheets and restore credit ratings * Provide useful information that would serve to create a liquid market for these assets In short, this one simple regulatory change would accomplish everything the Big Bailout is supposed to achieve, with NO expenditure of federal funds! If you want to learn more about mark-to-market accounting vs. discounted-cash-flow there's a good write-up of it here. Please send another message to Congress right now. The message for the campaign we're using for this purpose reads: "Please cut federal spending." Use your personal comments to add something like the following . . . "The Big Bailout moves in the wrong direction, toward more spending and more debt. Oppose the bailout! Instead, remove the mark-to-market accounting regulation, and replace it with a discounted-cash-flow accounting rule. This will free up the markets at no cost to the taxpayer." You can send your message here. Thank you for being a part of the growing Downsize DC army. Perry Willis Communications Director DownsizeDC.org, Inc. D o w n s i z e r - D i s p a t c h is the official email list of DownsizeDC.org, Inc. & Downsize DC Foundation CONTRIBUTE to the Electronic Lobbyist project http://www.DownsizeDC.org is sponsored by DownsizeDC.org, Inc. -- a non-profit educational organization promoting the ideas of individual liberty, personal responsibility, free markets, and small government. You are encouraged to forward this message to friends and business associates, and permission is hereby granted to reproduce any items herein as long as attribution is provided for articles and the subscription instructions above are included. IF you have difficulties or inquiries, simply hit reply to this message. We're eager to help, including with requests to unsubscribe. You are subscribed to this newsletter at this email address: [EMAIL PROTECTED] -- If you do not want to receive any more newsletters, this link To update your preferences and to unsubscribe visit this link --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "APFN" group. To post to this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/APFN?hl=en APFN-1 YahooGroups: Subscribe: http://groups.yahoo.com/group/apfn-1/join Unsubscribe: [EMAIL PROTECTED] APFN MSG BOARD: `In a time of universal deceit, telling the truth is a revolutionary act.' http://disc.server.com/Indices/234999.html APFN CONTENTS PAGE: http://www.apfn.org/old/apfncont.htm "RADIO YOUR WAY" APFN POGO NETWORK (( WOW!! )) "All tyranny needs to gain a foothold is for people of good conscience to remain silent" -- Thomas Jefferson http://www.apfn.net/POGO.HTM Find elected officials, including the president, members of Congress, governors, state legislators, local officials, and more. http://congress.org/congressorg/dbq/officials/ APFN, PMB 207, 6640 W. CACTUS RD. #A111, GLENDALE, AZ 85304 -~----------~----~----~----~------~----~------~--~---
