Written by RSN
October 3, 2008
Copy of letter faxed to Congressman Cantor today
Dear Congressman Cantor,
I live in your district here in Chesterfield County....... I am urging you to VOTE NO on the proposed bailout program that is full of pork and is a BAD BILL for America.
Most Americans do not want this bill.
You will most certainly loose my support in any future election should you vote for this bad bill.
Both the legistlative and executive branches of our government have become run-away trains and need to stop. Special bribes offered to buy congressional votes are:
New tax breaks earmarks in Bailout bill
Film and Television Productions (Up to $15,000,000.00; Sec.502)
Wooden Arrows designed for use by children (Sec. 503)
6 page package of earmarks for litigants in the 1989 ExxonValdez incident, Alaska (Sec. 504)
Tax break earmark "extenders" in the bailoutbill
Virgin Island and Puerto Rican Rum (Section 308)
American Samoa (Sec. 309)
Mine Rescue Teams (Sec. 310)
Mine Safety Equipment (Sec. 311)
Domestic Production Activities in Puerto Rico (Sec. 312)
Indian Tribes (Sec. 314, 315)
Railroads (Sec. 316)
Auto Racing Tracks (317)
District of Columbia (Sec. 322)
Wool Research (Sec. 325)
Rep. Brad Sherman of California was on Larry Kudlow's CNBC show on September 30 to cite evidence that the legislation potentially "provides hundreds of billions of dollars of bailouts to foreign investors," including those in Communist China.
The offensive provision is Section 112, "Coordination With Foreign Authorities and Central Banks," which "Requires the Secretary to coordinate with foreign authorities and central banks to establish programs similar to TARP"-the Troubled Assets Relief Program.