I wrote to my Representative and Senators today, asking them to postpone a vote on the Economic Bail-out, and debate it on the floors. The last plan they hastily pushed through Congress was the Iraq War and they claimed it would be easy and pay for itself. Remember? Everyone should write one as well, because we have Inflation coming. That was the subject of our first lecture in ECON 201 today. Our country is in economic trouble and we are about to make it worse for the individual worker.
For those of you who are fortunate to know someone still alive from the Greatest Generation, ask them how much a loaf of bread was during the Depression compared to their salaries. We are about to socialize a HUGE debt and bail-out executives who made HUGE mistakes.
We will not even socialize medicine, but it's okay to socialize the banks' debts without socializing their profits. Here's a copy of the letter I sent, please send one of your own:
We already know with the bungled results of the Iraq War that hasty votes by Congress can become large mistakes. Please take the time to ensure that the Executives responsible for these companies are fired, make golden parachute deals illegal, and regulate, regulate regulate!
It is not fair to my generation or my children's that we socialize debt before we socialize medicine and profits. Please do not hastily shove another one of the President's Best Guesses through. Too many Americans will have to pay in inflation and retirement fund sacrifices for too many generations to come. And those executives who come out with millions from all of this don't even pay their fair share of taxes.
When is Congress going to stand up for the majority of workers instead of bailing out the minority of large earners from their poor choices? I thought that's what a Democrat majority was supposed to produce.
Thank you,
Amy Lucas
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