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Bank CEO Explains Why Bailout is a Bad Idea
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Press Release

Bank CEO Explains Why Bailout is a Bad Idea

The chairman and chief executive of BB&T Corp., submitted a 14-point letter Tuesday to all 535 members of Congress on the bailout: "There is no panic on Main Street and in sound financial institutions. The problems are in high-risk financial institutions and on Wall Street."

09/25/2008
FreedomWorks Opposes Senator Reid’s (D-NV) Attempt To Extend Ban On Domestic Energy Production
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Press Release

FreedomWorks Opposes Senator Reid’s (D-NV) Attempt To Extend Ban On Domestic Energy Production

FreedomWorks President and CEO Matt Kibbe made the following comments about Senate Majority Leader Harry Reid’s (D-NV) attempt to slip an extension of the energy development ban past the American people while so many are focused on the proposed $700 billion Wall Street bailout:

09/25/2008
Hoosiers Give Lawmakers an Earful Over Bailout
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Newspaper Article

Hoosiers Give Lawmakers an Earful Over Bailout

BY Maureen Groppe

Lois Nadler, a retired bank vice president from Indianapolis, is so outraged by the proposed $700 billion bailout of the financial industry that she did something unusual for her: She contacted her congressman and her senators. "The government should let the financial markets take care of the problem," Nadler said. "They got themselves into this, and they can and will find a way out." Lawmakers are getting an earful from constituents as they figure out how to handle the financial industry rescue plan the Bush administration says needs to be approved by the end of the week.

09/25/2008
It's Judgment Day for McCain
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Newspaper Article

It's Judgment Day for McCain

BY Thomas Frank

Last week, Republican presidential candidate John McCain called for a commission to "find out what went wrong" on Wall Street. It was an excellent suggestion: Public inquiries into Wall Street practices served the country well in the 1930s.

09/24/2008
Bailout Critics Say They’re Losing
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Newspaper Article

Bailout Critics Say They’re Losing

BY Lisa Lerer

It’s not an easy week to be a Bailout Buster. The loose coalition of free market conservatives and congressional staff opposed the government-sponsored rescues of investment bank Bear Stearns, insurance company American International Group and mortgage giants Fannie Mae and Freddie Mac. Now the Bush administration is proposing the largest government-funded bailout in American history. And the Bailout Busters are bracing themselves for defeat once again.

09/24/2008
Tax Extenders Package Raises Taxes
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Press Release

Tax Extenders Package Raises Taxes

Earlier today the White House indicated support for the Baucus-Grassley ‘tax extenders’ package that would continue nearly $150 billion in tax breaks and a one year patch for the Alternative Minimum Tax. Also included in the package are new taxes on energy, hedge fund managers and investment brokers, and extending the federal unemployment insurance surtax. At a time when Americans are struggling under high energy prices, a tax increase on energy producers will only serve as a disincentive to production, further exasperating the pain at the pump.

09/23/2008
FreedomWorks Applauds RSC “No Bailout” Plan
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Press Release

FreedomWorks Applauds RSC “No Bailout” Plan

FreedomWorks is cheering a plan offered today by free-market House legislators to deal with recent market instability. In a direct response to the Treasury Department’s woeful approach to the recent financial mess on Wall Street, the Republican Study Committee (RSC) has put forward an alternative proposal that would get at the heart of the real problem for U.S. markets: the failure of government institutions and the punitive treatment of capital.

09/23/2008
Joe Biden says socialism is patriotic
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Blog

Joe Biden says socialism is patriotic

In a brazen display of a 1950’s style Communist leader, Democratic Vice-Presidential candidate announced this week that it is the patriotic duty of successful Americans to pay more taxes in order to “take money and put it back in the pocket of middle class people.”

09/22/2008
FreedomWorks Opposes $700 Billion Wall Street Bailout
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Press Release

FreedomWorks Opposes $700 Billion Wall Street Bailout

FreedomWorks, the national grassroots advocacy organization, today announced it opposes the unprecedented $700 billion intervention to bail out Wall Street banks under hasty consideration on Capitol Hill. FreedomWorks opposes the bailout for several reasons: First, history has demonstrated that bailouts simply don’t work. From Japan in the early 1990’s to the New Deal in the 1930’s, bailouts prop up failing enterprises, punish prudent businesses and taxpayers, and do not fix the underlying problems in the economy.

09/22/2008
FreedomWorks on NHCAPTV
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Blog

FreedomWorks on NHCAPTV

I recently had an opportunity to do a Q & A with Lydia Harman and Denis Goddard of New Hampshire Capitol Access Television.  We had some fun discussing energy, the internet, bailouts and other free market, limited government topics.  Here is the link.

09/21/2008

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