Beware of Congress
We are witnessing one of biggest governmental power grabs in history. Congress and two presidents caused this mortgage crisis and now Congress and a third president are trying to saddle the taxpayer with more debt to give the government more power.
Call your leaders today. I agree with Mike Pence. The $700 billion bill remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector, and passes the cost along to the American people.
The economy will do just fine without this so-called help, but the taxpayer will suffer if it passes. Please call your legislators today. If your legislators approve this bill, vote against them when they are up for reelection.
After posting this story, I called my own legislators and then resumed work. It took me a while to contact all three of them (two senators and one congressman) so I assumed the lines were fairly busy. They must have been. A few minutes ago (hours after my original post), a friend rushed in my office to tell me that the House had killed the bill. Good for them! I am also glad elections are coming up; I wonder of our representatives would have been as responsive if the elections were more than a year out. At least we can rest easy that this bill is now dead for the near future.
So much for my assumption that the bill was dead for the near future. Both President Bush (R) and Senate Majority Leader Reid (D) really want this bill. The politicians in the Senate revised the bill with many earmarks intended to bribe those who voted no the first time. It passed the Senate yesterday and the House is expected to vote on it later today. I just called my representative and strongly expressed my opposition to this bill. I hope others are doing likewise. The House is the only body that is likely to pay attention to public attention since ALL of them are up for reelection in November. Let’s throw out all the people who vote for this bill whether it passes or not.
Don Quixote | September 29, 2008 - 10:23 AM
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Category: Domestic Politics , Category: Economics , Category: Quests for Change
Category: Domestic Politics , Category: Economics , Category: Quests for Change
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