Speak Out on the Bailout

In less than 24 hours, more than 6,300 6,600 8,000 11,625 17,618 (and counting) of you co-signed Bernie Sanders' letter to Treasury Secretary Henry Paulson on the Bush administration's $700 billion Wall Street bailout bill.? "We are appalled that your proposal puts the cost of this bailout on average Americans; that it contains no provisions reversing failed

In less than 24 hours, more than 6,300 8,000 11,625 23,021 of you co-signed Bernie Sanders' letter to Treasury Secretary Henry Paulson on the Bush administration's $700 billion Wall Street bailout bill. "We are appalled that your proposal puts the cost of this bailout on average Americans; that it contains no provisions reversing failed deregulatory policies; that it allows executives at these failed institutions to continue to make exorbitant salaries and bonuses, and that your proposal contains no help for average Americans who themselves are facing severe economic hardships," the letter says.

On Capitol Hill on Tuesday, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Paulson were met with angry reactions from some senators as they pressed for quick passage of the bailout package. Senate Banking Committee Chairman Chris Dodd told them that the "economic maelstrom" was caused by a combination of "private greed and public regulatory neglect."

In Vermont, newspaper editorial pages weighed in on the crisis and what to do about it. "Say what you want about Vermont's Sen. Bernard Sanders," the Brattleboro Reformer editorial began, "but he is right more often than not on economic issues." The Rutland Herald said "the staggering irresponsibility of the financial sector and the failure of Washington to rein in its excesses have borne out the direst warnings from Vermont's senator."


To co-sign the petition to Treasury Secretary Paulson, click here.

To read more about Bernie's plan to pay for any bailout with a surtax on the very wealthy, click here.

To take a poll on the economy, click here.

To read the Rutland Herald editorial, click here.

To read the Brattleboro Reformer editorial, click here.