Sunday, November 2, 2008

Retaliate for the Bailout: Organize a Bank Payment Holiday

Ignoring overwhelming citizen opposition our rulers -- posing as our representatives, claiming to know better than we do what is good for us, and, as always, purporting to act in the "public interest" -- have bestowed 850 billion of our tax dollars on the big financial institutions that use campaign contributions and other favors to keep the lawmakers in line.

Every big company now is lining up to get a share of the $850 billion trough or to get congress to create another one for their industry. It's quite a disgusting spectacle. Socialistic welfare for the rich with ordinary citizens left to struggle on their own but required to keep funding the corrupt system.

We can strike back.

The bailout amounts to somewhere between $6,140 for every taxpayer and something in excess of $10,000 for every household or family in the country.

So let's get together and claim (i) our pro rata share of the bailout as a credit against anything we owe to the banks, and (ii) the right to apply such credit against the next payment(s) payable on account of such indebtedness.

Were we to do this individually, those living large on our tax money and their high priced lawyers would pick us off one at a time. But if enough of us -- tired of being plucked to feather the nests of the fat cats and the politicians they own -- organize and act together, we can stop the flow of cash that lubricates the machine's gears and thus create enough friction to stop it and bring the corrupt system to its knees.

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