Big Government Bailout

This is not a time to overreact and pass the President’s legislation that would give an enormous amount of power to the Treasury Secretary. Under this proposed legislation:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

This bill is also a reminder of many other bills that were urged to pass quickly for the good of the country:

1. The Patriot Act - Congress was urged to vote quickly after 9/11 in order to ensure our country’s safety.

2. The Authorization for Use of Military Force Against Iraq - This was voted on in October of 2002 and pinned the congress to take one side or the other days before the November election.

3. The Republicans have recently tried to give Oil Companies the ability to drill anywhere and provide large subsidies for them to do it while urging congress to pass this quickly.

4. American Housing Rescue and Foreclosure Prevention Act - $100 to $300 billion dollar Mortgage Rescue Bill that would pull back mortgages from the brink of forclosure along with Fannie Mae and Freddie Mac.

Now, less than 60 days after the President signed the American Housing Rescue and Foreclosure Prevention Act into law we are supposed to believe this new bill which would cost the taxpayers $700 billion to $1 trillion dollars will stabilize the market.

I’M TIRED OF THIS!!!

Our Economy is over inflated and has been trying to correct itself for awhile now but we keep putting band-aids on the system that only temporarily fixes the problem. We received a temporary fix with our $150 billion economic stimulus package earlier this year. Then we passed another $100+ billion Mortgage Rescue Bill that only lasted 50 days. Now the President and Treasury Secretary, Henry Paulson, would like another trillion because Main Street could suffer if we do not do anything.

I am having a hard time trusting our federal governmental officials because their record is not stellar. We continually elect many politicians that only do things for today and not worry about the consequences of tomorrow because that is not what will get them re-elected.

If I had to vote on this (unaltered) bill today I would vote NO.

I believe in a Free Market and I believe in our economy and we can’t keep accumulating more debt! When our debt rises, our dollar goes down, our interest rates go up, our productivity in our economy goes down and our unemployment rises.

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As your next Congressman I will not only represent you but I will be representing your children as well.