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Ten Reasons to Oppose the Wall Street Bailout
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Press Release

Ten Reasons to Oppose the Wall Street Bailout

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09/29/2008
After dramatic detour, John McCain's task is to get back on track
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Newspaper Article

After dramatic detour, John McCain's task is to get back on track

BY Bob Drogin

Republican presidential nominee John McCain returns to the trail today after a dramatic but rocky four-day detour that upended his campaign, upset supporters and gave new ammunition to critics who question his judgment. McCain will appear at a rally in Columbus, Ohio, in hopes of regaining the momentum he lost when he abruptly canceled campaign events and returned here Thursday to try to broker a $700-billion bailout of the crippled financial industry.

09/29/2008
VOTE NO on $700 Billion WALL STREET BAILOUT
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Press Release

VOTE NO on $700 Billion WALL STREET BAILOUT

Dear Member of Congress:

09/28/2008
Bailout Plan Splits Free-Market Backers
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Newspaper Article

Bailout Plan Splits Free-Market Backers

BY Donald Lambro

A furious family squabble is raging among free-market advocates over the Bush administration's economic-rescue plan, between those who say let debt-ridden businesses fail and those who warn of a deep recession if government doesn't bail them out. The fight has divided conservatives as well their grass-roots supporters, who make up a large part of the Republicans' political base and threaten to undermine party unity in the middle of a close presidential election. That grass-roots backlash has to a large degree fueled House Republican opposition to the Treasury's bailout plan.

09/28/2008
Bailout Plan Makes Strange Bedfellows
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Newspaper Article

Bailout Plan Makes Strange Bedfellows

BY Tom Hamburger and Peter Wallsten

At almost the same moment, two unusual scenes were playing out on the House side of the Capitol last Tuesday. Beneath the ornate ceiling of a House caucus room, angry conservative Republicans were confronting Vice President Dick Cheney over the Bush administration's $700-billion financial bailout plan.

09/28/2008
Include GSE Free Market Reform in any Bailout Bill
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Press Release

Include GSE Free Market Reform in any Bailout Bill

September 26, 2008 Dear Representative/Senator: On behalf of FreedomWorks’ 500,000 grassroots activists across the country, many who oppose the Wall Street bailout, I urge you to include the GSE Free Market Reform Act introduced by Rep. Jeb Hensarling in any legislation addressing the current economic crisis.

09/26/2008
FreedomWorks Cheers Republican Jeb Hensarling's (R-Texas) GSE Free Market Reform Act
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Press Release

FreedomWorks Cheers Republican Jeb Hensarling's (R-Texas) GSE Free Market Reform Act

To deal with the root cause of the current economic crisis, Rep. Jeb Hensarling (R-Texas), Chairman of the Republican Study Committee, has introduced the GSE Free Market Reform Act. The Government Sponsored Enterprises (GSE's), Fannie Mae and Freddie Mac, were private, federally chartered companies that used their implied federal guarantee to borrow at bellow market values and amass a catastrophically large amount of debt. They failed to adequately asses the risk of their investments, and now they are the taxpayers’ responsibility. On September 7, 2008, Freddie and Fannie were placed in conservatorship by the Federal Housing Finance Agency, placing hundreds of billions, if not trillions, of taxpayer dollars at risk.

09/26/2008
FreedomWorks Cheers House Republicans for Standing Up for Taxpayers
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Press Release

FreedomWorks Cheers House Republicans for Standing Up for Taxpayers

At the recent White House meeting to push a giant Wall Street bailout onto the taxpayers, House Speaker Rep. Nancy Pelosi (D-CA) credited the House Republicans with standing up against this monstrous legislation, saying, “We’re not the ones trying to blow this up. It’s the House Republicans.”

09/26/2008
Anti-Bailout Petitions Crop Up Online
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Newspaper Article

Anti-Bailout Petitions Crop Up Online

As US politicians wrangle in Washington over a financial rescue package for Wall Street, angry denizens of cyberspace are making their views known on the proposed 700 billion dollar bailout. At petitiononline.com, a group calling itself "Taxpayers Against a Wall Street and Mortgage Bailout" has attracted 13,865 signatures to an online petition to President George W. Bush and Congress opposing the bailout. "Please do not support the efforts to bail out mortgage holders and mortgage lenders with my tax dollars," the petition urges.

09/26/2008
Lawmakers Weigh Political Risks of Stance on Bailout Plan
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Newspaper Article

Lawmakers Weigh Political Risks of Stance on Bailout Plan

BY Sarah Lueck

With leaders in Congress working on a controversial financial-rescue plan, rank-and-file lawmakers face a crucial election-year question: If they back the proposal, will they pay at the polls? Populist outrage has been spilling out across the country from people of all political stripes. Lawmakers say they have received hundreds of calls and emails in recent days, almost uniformly against the idea of giving the government the power to buy billions of dollars in distressed assets to keep the financial system afloat.

09/26/2008

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