Posts Tagged TARP (Troubled Asset Relief Program) bailout

History and Objectives of the FreedomWorks Foundation

Our family foundation makes donations to numerous charities and nonprofit groups each year, including the FreedomWorks Foundation, a grassroots educational organization with a history of defending economic liberties against encroaching government regulation. FreedomWorks maintains a nationwide network of more than 1.3 million citizen volunteers, all of them supportive of a free market society and a government constrained by its Constitution.

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Founded in 1989, the Foundation was known as Citizens for a Sound Economy prior to 2004. Today, former U.S. House Majority Leader Dick Armey chairs the Board of Directors for the Foundation and travels across the country to meet with and support the work of legislators and member activists. Since the beginning of this grassroots organization, its members have spearheaded opposition to initiatives that expand the role of government. During the 1990s, for example, FreedomWorks stood against the Clinton administration’s proposed BTU tax on energy and the Clinton healthcare reform package, dubbed “HillaryCare.” In the early years of the 21st century, its members fostered public debate on tax reform, an effort that led to the 2001 tax cuts.

More recently, FreedomWorks Foundation encouraged public opposition and debate against the TARP (Troubled Asset Relief Program) bailout, ObamaCare, and other spending proposals set forth by the current administration. The grassroots group has also provided logistical support to the Tea Party and sponsored town hall protests and rallies associated with this movement across the country in 2009, including the 9/12 Taxpayer March on Washington. All of the activities supported and led by FreedomWorks further the group’s goal of strengthening the Constitutional republic set forth by the Founding Fathers more than 200 years ago.

About the Author: David G. Jorgensen co-founded the international office equipment supplier Katun Corporation in 1979 and served as Chairman of the Board of Directors from 2000 to 2002.


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