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Obama is likely to support a bailout but "Fearing a political backlash against Democrats," Roll Call reported, "Senate Majority Leader Harry Reid (D-Nev.) has told the White House that it must serve up support from Republican presidential nominee Sen. John McCain (R-Ariz.) if it hopes to ensure bipartisan backing for a massive economic bailout package by week's end."

Conservative Leaders to Rally Behind Gingrich to Oppose Bailout.

Former Republican House Speaker Newt Gingrich hammered the $700 billion financial sector bailout as a "really bad idea."

Gingrich said "Only in this city and on Wall Street does this bailout have any hope, and they may be able to ram it through, but it's very clear to the country at large that this is a dead loser and it's going to be a dead loser in October, and it's going to be a dead loser on Election Day," Gingrich said at a briefing to discuss a poll conducted f or his outfit, American Solutions for Winning the Future, "And [elected officials] are going to go home and say, ‘I didn't have any choice' and people are going to say, ‘Ok, I need to get somebody new who has a choice.

68% of Americans Say Save Main Street Not Wall Street

An overwhelming number of voters do not support the government's bailout proposal, with 68% of respondents to the Gingrich poll saying they'd rather see the companies go in to bankruptcy even if it harms investors and the stock market. No corporate bonuses for manager of mismanaged failing companies.

Falling for this scam by Sen. Reid and the other Obama supporters in the US Senate could severely damage Sen. McCain's campaign. McCain should reject the plan and use the issue to draw a distinction between himself and President Bush for good policy reasons.

Barack Obama is clearly going to go along with Reid and the Democrats. After all financial institutions have given more donations to Obama that anyone else except Sen. Dodd (CT).

Wall Street is in trouble because of misplaced bets on derivatives and other financial instruments. It is not the purpose of tax dollars to limit the damage to multi-millionaires for trading mistakes they have made.

Average Americans should be concerned. Concerned they are being taken again. The bailout plans are being crafted by the same mistake prone multi-millionaires to protect themselves and includes the insuring of money-market funds with over $3.4 trillion in assets. This amounts to the nationalization by the US Treasury of the commercial-paper market.

When risks are divorced from investments, you naturally have an increased opportunity for fraud.

America has over 200 years of bankruptcy law that should be governing these transactions. If managers who accumulated too much risk by not adequately qualifying lenders are allowed to continue in their jobs, we are doing a disfavor to the intelligent managers who accepted lower returns for more prudent lending practices. The shareholders and management at imprudent firms should be wiped out. This allows new managers and companies to fill the void. This type of creative destruction always strengthens the economy in the long run.

McCain should reject the logic of the Wall Street hedge funds and turn the tables on Obama and their Wall Street supporters. John McCain has an excellent opportunity to prove he is the real reformer.

We need your help more than ever because Barack Obama will likely spend more money than any candidate in history to get control of the White House and buy his way in.

HUNDREDS OF THOUSANDS of faxes are needed to be delivered to EACH AND EVERY Congressman right away. Be sure to send this Alert to EVERYONE you know who wants to help FORCE our government to STOP the EXCUSES and Save Main Street Not Wall Street!

Keep calling your Congressmen today, toll free numbers include 1-877-851-6437 and 1-866-220-0044, or call toll 1-202-225-3121 AND REGISTER YOUR OUTRAGE at increasing oil prices!

CALL PRESIDENT BUSH, 202-456-1111 and 202-456-1414 expressing your outrage at wasting tax dollars to protect multi-millionaires.

DO NOT BE SILENCED – MAKE YOUR VOICE HEARD!

NOTE: We need TENS OF THOUSANDS of faxes and PHONE CALLS and EMAILS delivered to ALL Congressmen right away!

Together, we can preserve the Constitutional rights our Founding Fathers intended our people to have forever.

It is time to say we the American people will pick our president.

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