bailout response
Consider contacting your Congressperson and Senators regarding a responsible, accountable, and long term decision to the financial crisis. Here is a link with a suggested letter by Sojourners (but you can edit it, the main thing is it will automatically email your representatives for you).
2 comments:
I found Sojourners' letter incredibly wimpy. They seem to reject the bailout because it's not going to the right people, as if 700 billion from taxpayers is ever justifiable. They ask for "comprehensive, long-term regulatory solutions," rather than calling for less control from the State. They even call for a tithe to those who lost their homes during the housing market crash, rather than condemning the cause of it (which I believe is the government's artificially low interest rates).
In short, they phrase it in such a way as to enlarge, rather than reduce, the State. In my opinion, committing to social justice means fighting the injustices of large States.
Absolutely! Write your Congressperson and Senators!
I mainly gave the link because it gave people any easy way to compose a letter to their representatives since it will fill in their email-info for you (and finding that can often deter people from voicing their opinion).
Anybody have a better way to get info for your reps???
The bailout seems unfair since it increases the Federal Government while helping people making millions of dollars, and I haven't seen how it is supposed to help ordinary people at all. The finer points of the economic trickle-down I don't see/understand.
Anybody understand how that part of the bailout is supposed to work??? (whether it will or not)
That's why I put up the quote from de Tocqueville... it seems we are asking to "pay" ourselves to "feel" better about our "credit" so that we will "spend" money we don't have... which will in turn make others richer and us have bigger credit lines (including the Federal Government).
The bailout seems VERY shortsighted. Who would ever think that an economy as big and complex as ours would be fixed with such a quick and large influx of money... I fear we all keep spending and end up worse off than before...
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