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FWD: Senate to Vote on the Dodd Countrywide Bailout Tomorrow

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  • westmiller@aol.com
    FreedomWorks Alert: As you know, the Senate is currently considering a $300 billion mortgage bailout for the riskiest borrowers and their banks. During this
    Message 1 of 1 , Jun 24, 2008
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      FreedomWorks Alert:

      As you know, the Senate is currently considering a $300 billion mortgage
      bailout for the riskiest borrowers and their banks. During this time it was
      revealed that Senator Chris Dodd (D-CT), the primary architect of the compromise
      bill that ultimately ended up on the Senate floor, had received a special “
      VIP” loan from Countrywide Financial, which stands to be one of the primary
      beneficiaries of the bill. Thanks to your hard work over the past several
      weeks, the bad policy contained in the Dodd/Countrywide Bailout has been exposed
      and generated countless calls and emails from citizens all over the United
      States. This has helped to stall the legislation a great deal.

      Unfortunately, the irresponsible economics and the VIP scandal are only the
      tip of the iceberg when it comes to the bad policy in the mortgage bailout.
      Hidden within the bill is a provision added by Sen. Charles Grassley (R-IA)
      that would greatly expand the power of the Internal Revenue Service to monitor
      what you buy online. Sen. Grassley’s provision would require the nation’s
      electronic payment systems to track, aggregate, and report information on
      nearly every electronic transaction to the federal government. This means that
      the government will be able to track everything you buy on sites like Amazon
      and eBay.

      This sweeping provision carries with it serious concerns about the state of
      privacy in the United States. Since the provision was revealed late last
      week, groups on both the Right and the Left have joined together in expressing
      vocal opposition to this blatant violation of the privacy rights of every
      American citizen.

      We’ve slowed it down, but things will come to a head tomorrow afternoon as
      Senate Majority Leader Harry Reid (D-NV) tries to invoke cloture and pass this
      legislation. Please email your Senators to urge them to vote NO on the
      Dodd/Countrywide Mortgage Bailout Bill. You can also call them directly by
      dialing 1-866-928-3035.

      Sincerely,

      Dick Armey
      Chairman, FreedomWorks
      601 Pennsylvania Avenue NW
      North Building, Suite 700
      Washington, D.C. 20004




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