Friday, October 3, 2008

What I wrote to my Congressman

Mr. Congressman,

I urge you with all my heart to vote NO on the bailout bill. I was very pleased when the bill first failed in the House - finally Congress had heard the American people, and refrained from rushing blindly to enact desperate and far-reaching legislation that would only exacerbate economic troubles.

The new bill is hardly any better than the old bill. Passing the bill would be foolish, short-sighted and a slap in the face of the American taxpayer, and voter.

I urge you to stop, consider carefully other options, and consider what the market can do on its own. The people are even ready to accept a short term economic hit, if it will lead to a necessary shakeup, so that this won't happen again.

Government has stepped outside of its constitutional role - as Senator Coburn pointed out - for too long. Government and the Federal Reserve is to blame for this mess, and a government bailout will only make it worse, as it will prevent the adjustments that need to be made, and allow companies to keep making bad decisions.

Several letters have been written and signed by economists which object to the bailout and which offer alternative policy proposals. The American public deserves serious consideration of alternatives.

Please, I urge you, VOTE NO on the bailout.

Your concerned constituent,

Guinevere Nell

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