LEAGUE OF THE SOUTH NEWS

For Immediate Release
January 31,2009
Re: Congress passes “bailout” legislation
The League of the South, the only existing Southern nationalist organization, condemns in the strongest possible way the “bailout” legislation passed by both houses of the U.S. Congress.
League President Dr. Michael Hill noted: “Giving three-quarters of a trillion dollars of taxpayer-guaranteed funds to the very people who caused this financial crisis in the first place is not only irresponsible, it is insane. It would be a sweet deal indeed to go to Vegas and be able to keep your winnings but throw your losses on to someone else’s shoulders. Essentially, what has been done is to allow the bankers to keep their profits in good times and make the American taxpayer responsible for their losses in bad times. This legislation was pushed through the House and Senate by a campaign of fear mongering. There was even talk of a declaration of martial law if the House didn’t pass the Senate’s version of the bailout bill.”
The League believes that the passage of the bailout legislation will serve only to cover the crisis temporarily and make the final day of financial and economic reckoning even worse. Moreover, the League sees this as a major step toward socialism in the American economy.
Hill stated that he hoped “the Southern people would wake up and see that both major political parties are bought and paid for by the banking and business elites and that the current American empire is not worthy of their consent and support. Instead of protecting their lives, liberty, and property, the regime is robbing them blind.”
Since its inception in 1994, the League has sought to advance the cultural, social, economic, and political well being and independence of the Southern people by all honorable means. It believes this stand is necessary now more than ever.
The League of the South, the premier Southern nationalist organization, can be reached for comment by phone at (800) 888-3163 or by e-mail at mailto:jmichhill%40cs.com
END OF RELEASE