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In Action

FreedomWorks Meets with Rep. David Price Staff

FreedomWorks volunteer leader Roy Loflin visits with David Price's staff recently in Chapel Hill, North Carolina.  They discussed the freedom agenda and internet freedom.  

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Press Release

FreedomWorks Meets with Rep. David Price Staff

FreedomWorks volunteer leader Roy Loflin visits with David Price's staff recently in Chapel Hill, North Carolina.  They discussed the freedom agenda and internet freedom.  

10/02/2008
FreedomWorks Thanks Rep. Jones for Vote Against Wall Street Bailout

Goldsboro North Carolina.  On Sept. 30th, FreedomWorks volunteer leaders Molly Black, Linda Jolly and Ann Sullivan thanked Congressman Walter Jones for his vote against the Wall Street bailout.

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Press Release

FreedomWorks Thanks Rep. Jones for Vote Against Wall Street Bailout

Goldsboro North Carolina.  On Sept. 30th, FreedomWorks volunteer leaders Molly Black, Linda Jolly and Ann Sullivan thanked Congressman Walter Jones for his vote against the Wall Street bailout.

10/02/2008
FreedomWorks Asks Senator Dole to Support Internet Freedom

Salisbury,  North Carolina.  FreedomWorks volunteer leader Charlie Irvin delivered material to Elizabeth Dole's office on Sept. 23rd, asking her to support HR6870.

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Press Release

FreedomWorks Asks Senator Dole to Support Internet Freedom

Salisbury,  North Carolina.  FreedomWorks volunteer leader Charlie Irvin delivered material to Elizabeth Dole's office on Sept. 23rd, asking her to support HR6870.

10/02/2008
FreedomWorks Salutes Rep. Butterfield for Opposing Wall Street Bailout

Goldsboro, North Carolina. On Sept. 30th, FreedomWorks activists Molly Black and Linda Jolly thanked Congressman G.K. Butterfield for his vote against the bailout bill.

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Press Release

FreedomWorks Salutes Rep. Butterfield for Opposing Wall Street Bailout

Goldsboro, North Carolina. On Sept. 30th, FreedomWorks activists Molly Black and Linda Jolly thanked Congressman G.K. Butterfield for his vote against the bailout bill.

10/02/2008
FreedomWorks Activist Visits Sen. Dole's Greenville Office

GREENVILLE.  North Carolina FreedomWorks activist Jessica Malone delivered "Net Freedom" information to the Greenville, NC office of Senator Elizabeth Dole.

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Press Release

FreedomWorks Activist Visits Sen. Dole's Greenville Office

GREENVILLE.  North Carolina FreedomWorks activist Jessica Malone delivered "Net Freedom" information to the Greenville, NC office of Senator Elizabeth Dole.

10/02/2008
Senate passes financial bailout 75-24

[Update: 2 hours after the Senate passed the bailout bill by a wide margin, S&P 500 stock index futures are down 12 points, or a little more than 1%, roughly the equivalent of 120 points in the Dow Jones Industrial Average. I was suggesting, and I emphasize this is just a theory, that part of the reason the market recovered much of Monday's loss on Tuesday could have been due to the belief that a Paulson-plan-like bailout might not pass. Anyone with any common sense realizes that this plan is likely to cause massive problems, not least with moral hazard, in the future.

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Blog

Senate passes financial bailout 75-24

[Update: 2 hours after the Senate passed the bailout bill by a wide margin, S&P 500 stock index futures are down 12 points, or a little more than 1%, roughly the equivalent of 120 points in the Dow Jones Industrial Average. I was suggesting, and I emphasize this is just a theory, that part of the reason the market recovered much of Monday's loss on Tuesday could have been due to the belief that a Paulson-plan-like bailout might not pass. Anyone with any common sense realizes that this plan is likely to cause massive problems, not least with moral hazard, in the future.

10/01/2008
Bailing On the Bailout

This week, Wall Street was stunned as the House of Representatives rejected a bailout crafted by Treasury Secretary Paulson. The proposal would provide $700 billion in new spending authority to allow the U.S. Treasury to purchase the assets of failing investment banks. Despite the surprise victory, taxpayers are not in the clear just yet; the administration and Congress have embarked on an aggressive arm-twisting campaign to build the majority required to pass what would be essentially the same bill. The Senate may take up the bill as early as Wednesday. Despite the frantic calls for urgency, a better approach would be a more thoughtful examination of policy options for the overleveraged financial services sector.

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Press Release

Bailing On the Bailout

This week, Wall Street was stunned as the House of Representatives rejected a bailout crafted by Treasury Secretary Paulson. The proposal would provide $700 billion in new spending authority to allow the U.S. Treasury to purchase the assets of failing investment banks. Despite the surprise victory, taxpayers are not in the clear just yet; the administration and Congress have embarked on an aggressive arm-twisting campaign to build the majority required to pass what would be essentially the same bill. The Senate may take up the bill as early as Wednesday. Despite the frantic calls for urgency, a better approach would be a more thoughtful examination of policy options for the overleveraged financial services sector.

10/01/2008
Web Sites Focus Anger Against Bailout Bill

Five days ago, the Web site nowallstreetbailout.com appeared online and, within hours, organizers had printed out thousands of signatures from angry citizens who opposed the $700 billion bailout of the U.S. financial system and delivered them to House Speaker Nancy Pelosi's Washington, D.C., office. Adam Brandon, press secretary for the new site's sponsor, Freedom Works, a Washington "small government, less taxes" advocacy group, said the site had gathered nearly 30,000 signatures by mid-Tuesday and was preparing another paper drop before the next vote.

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Newspaper Article

Web Sites Focus Anger Against Bailout Bill

BY Justin Berton

Five days ago, the Web site nowallstreetbailout.com appeared online and, within hours, organizers had printed out thousands of signatures from angry citizens who opposed the $700 billion bailout of the U.S. financial system and delivered them to House Speaker Nancy Pelosi's Washington, D.C., office. Adam Brandon, press secretary for the new site's sponsor, Freedom Works, a Washington "small government, less taxes" advocacy group, said the site had gathered nearly 30,000 signatures by mid-Tuesday and was preparing another paper drop before the next vote.

10/01/2008
Bailout Brakes

"Well, if you're so opposed to a bailout of Wall Street, what would you do?" I get this question all the time from advocates of the proposed $700 billion Wall Street bailout here inside the Beltway. In the nation's capital, this is what passes for a plausible "defense" of bad policy proposed during times of crisis. "We must do something. Here's something. Do it. Now!"

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Newspaper Article

Bailout Brakes

BY Matt Kibbe

"Well, if you're so opposed to a bailout of Wall Street, what would you do?" I get this question all the time from advocates of the proposed $700 billion Wall Street bailout here inside the Beltway. In the nation's capital, this is what passes for a plausible "defense" of bad policy proposed during times of crisis. "We must do something. Here's something. Do it. Now!"

10/01/2008
Fear and Caution Rule in Congress' Bailout Vote

President Bush lobbied. Treasury Secretary Henry M. Paulson pleaded. Vice President Dick Cheney worked on conservative Republicans; House Speaker Nancy Pelosi coaxed liberal Democrats. Barack Obama lobbied gently. John McCain worked the phones and boasted about how effective he was. But all that leadership failed to command much loyalty in either party Monday. When the financial rescue plan came to a vote, two-thirds of the House's Republicans and two-fifths of its Democrats ignored their leaders' pleas and voted no.

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Newspaper Article

Fear and Caution Rule in Congress' Bailout Vote

BY Doyle McManus

President Bush lobbied. Treasury Secretary Henry M. Paulson pleaded. Vice President Dick Cheney worked on conservative Republicans; House Speaker Nancy Pelosi coaxed liberal Democrats. Barack Obama lobbied gently. John McCain worked the phones and boasted about how effective he was. But all that leadership failed to command much loyalty in either party Monday. When the financial rescue plan came to a vote, two-thirds of the House's Republicans and two-fifths of its Democrats ignored their leaders' pleas and voted no.

09/30/2008

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