With Stopthehousingbailout.com, an Angry America Lashes Out

Angry Americans across the nation are lashing out in record numbers against President Bush's proposed $700 billion bailout of failing Wall St. institutions. A hastily created bailout opposition group, Stopthehousingbailout.com, arranged citizen protests today on Wall St., at the US Capitol, and in communities across America.

Stopthehousingbailout.com published contact information for all members of Congress and encouraged angry Americans to tell their representatives that a vote for a bailout is a vote out of office. Congressional offices are being flooded with mail opposing the bailout, at least part of it in response to the stopthehousingbailout.com grass roots effort.

Senator Barbara Boxer (D-Cal.) told The New York Times that she received 17,000 email messages, nearly all of them opposing the $700 billion bailout proposed by the Bush administration. Of 2000 callers who telephoned Senator Boxer's California office on Tuesday, all save 40 opposed the bailout, while only 1 of the 918 callers to her Washington office favored the bailout, Boxer told the Times.

Several other Senators from both parties agreed that the torrent of emails and calls on the bailout issue is unprecedented and that the vast majority of the messages express opposition to the bailout.

Other Anti-Bailout Groups

Stopthehousingbailout.com is but one group opposed to the Bush administration's proposed $700 billion bailout plan. While some bailout opposition would accept bailouts with consumer protections included, other groups want no bailout at all.