Thursday, September 25, 2008

north texas constituents against the bailout

According to PoliTex, several North Texas lawmakers are being flooded with emails and calls about the $700 billion bailout, and the vast majority of them are against the rescue plan.

Rep. Michael Burgess, R-Lewisville: has received about 957 e-mails on the bailout, 952 against, 5 in favor.Phone calls: 364. Only 6 support the rescue.

Rep. Joe Barton, R-Arlington: has received more than 500 e-mails with all but 25 against a bailout. Phone calls: About 400 – with fewer than 25 constituent calls in favor of the bailout.

Rep. Kay Granger, R-Fort Worth: has received 340 e-mails, 265 against the rescue and 75 for a bailout in some form. Phone calls: 77 – all against.

Rep. Kenny Marchant, R-Coppell: had gotten close to 1,000 e-mails and phone calls. Over 90% are against a federal rescue.

Are you for or against the proposed plan to fix the current economic crisis? Either way, you need to let your legislators know.


WhosPlayin said...

The frustrating thing is that there is not yet an actual bill filed that we can all look at.

Being for or against depends on what you think the bill might be. Is it a bailout for the economy or for corporations? The answer depends on that.

Remind Myself said...


Recently an insurance company nearly wind up....

A bank is nearly bankrupt......filing chapter 11 protection.

How it affect you? Did you buy insurance? Did you buy mini note or bonds?

Who fault?

They bailout trouble finance company, but they will not bail out your credit card bills……You got no choice, and no point pointing finger but you can prevent similar things from happen again……

The top management of the Public listed company ( belong to "public" ) salary should be tied a portion of it to the shares price ( IPO or ave 5 years ).... so when the shares price drop, it don't just penalise the investors, but those who don't take care of the company.....If this rule is pass on, without any need of further regulation, all industries ( as long as it is public listed ) will be self regulated......because the top management will be concern about their own pay check……
Meanwhile if company was being acquired, there will be a great movement in terms of staff……eventually staff suffer also.
Some might feel that it sound stupid….. as there is long and Short position…but in reality there is still many different caliber CEO… there is still long and short…..They can ban short selling definitely they can do something about this.......

Are you a partisan?

Sign a petition to your favourite president candidate, congress member, House of representative again and ask for their views to comment on this, and what regulations they are going to raise for implementation.....If you agree on my point, please share with many people as possible.... Finance and Media are the two only industries can shaken politics ( Maybe Hackers can ), please help to highlight also...