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Saturday, October 04, 2008

Bailout goes through. America: the land of the afraid!

Thank you! It is greatly appreciated that you voted no on the Bailout legislation once again. I am deeply troubled by the unwise course of action our federal government has taken as I believe this is just the tip of the bailout iceberg and that it will do nothing other than delay and increase the damage of the upcoming economic panic/ price correction. Please do everything in your power to uphold and defend the Constitution of the United States of America. Thank you again for keeping in mind that taxpayer money is not trash for Congress to throw around as it pleases.
Respectfully,
Marc
(Sent to Senator Bill Nelson and Rep. Ric Keller. Kudos to them!)

Unfortunately I also had to send this one to Senator Mel Martinez:
It is greatly unappreciated that you voted yes on the Bailout legislation. I am deeply troubled by the unwise course of action our federal government has taken as I believe this is just the tip of the bailout iceberg and that it will do nothing other than delay and increase the damage of the upcoming economic panic/ price correction. I'd like you to reflect on your oath and from today onward do everything in your power to uphold and defend the Constitution of the United States of America. It's unclear to me that you don't view the taxpayer money as simply trash for Congress to throw around as it pleases.
It is unfortunate that you apparently fell prey to the fear mongering that surrounds this situation. Only one thing is certain when the government gets involved: the outcome will be worse than where we are at now. Since you chose to back this major theft of American freedom, I hope you are heavily involved in the task force to figure out the root cause of this mess and that you look deeply into the Federal Reserve, consider the incentives that the government gave to these banks to take on the highly risky debts and why it is now our place to pay back foreign banks for their own poor decisions.
This bill's foundation is based on not one data point, but rather it was based on the Treasury making up a very large number with not one fact to back up any of their fear-laden claims.
Only one last parting thought for you, sir. How could you give a bill your vote when it grants $192 million in tax savings to help with rum manufacturing in Puerto Rico and the Virgin Islands? Who can't make money selling alcohol? If the islands need the money then get rid of the excise tax and let them tax the exports themselves.
Respectfully, 
Marc

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