Open letter to Congress
I have sent the following letter to many members of congress but I can't reach em all. Feel free to cut and paste anything you can use.
Dear Congressperson,
As the owner of a small business I have to pay very close attention to any contract we are asked to enter into. I have read and re-read the Proposal for Bailout Plan supposedly drafted by Henry Paulson(?) last week. Never in my life have I seen such a blatant power play by anyone. This piece of (?) legislation has more holes that Henry Whittingtons face. After carefully reviewing the proposed Act the only sections I could fined no problem with were section 3, Considerations and section 12, Definitions. Let me sight some examples:
Section 2 (a) Authority to Purchase.--The Sectretary is authorized to Purchase....."on such terms and conditions as determined by the sectretary"...
Talk about the fox guarding the henhouse. This gives all the power to determine what is going to be done to the doer.
Section 2 (b) Necessary Actions.--The Secretary is authhorized to "take such actions as the Secretary deems necessary to carry out the authorities of this Act, including, without limitation:
Even Jesus didn't have this much freedom.
(1) appointing such employees as may be required...
All his relatives are set for awhile.
(2) entering into contracts, .........."without regard to any other provision of law...."
Can you say get out of jail free card?
(3) designating financial institutions as financial agents of the Government.....
HUN?
Section 4. Reports to Congress.
After the first 3 months then semiannually.
Is this Secretary an elected position? How does he get to be so "unsupervised"?
Section 5. Rights; Management; Sale of Mortgage-Related Assets.
Everything under this section is at the SOLE discression of the Secretary.
Again, is this an elected position? Why should he have more power over our money than our duly elected officials?
Section 6. Maximum Amount of Authorized Purchases.
The Secretary's authority to purchase..........limited to $700,000,000,000.00 outstanding "at any one time"
So is this saying what I think it is saying? If he spends the whole 700 BILLION in the first three month does he get MORE? I think we'll learn more on this later.
Section 7. Funding.
Any funds expended for actions authorized by this Act, including the payment of administrative expenses, shall be deemed appropriate at the time of such expenditure."
So the Secretary can pay himself and all of his assistants (relatives) a bonus of say $350 Billion and no one can questions it?
Section 8. Review.
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.
Yep, this is the right section for this little ditty. Not only a 'get out of jail free card' but a License to STEAL. Can you say "Crazy"?
Section 9. Termination of Authority.
The authorities under this Act, with the exception of authorities granted in sections 2(b)(5), 5 and 7, shall terminate two years from the date of enactment of this Act.
Now correct me if I'm wrong but through these exceptions did the Secretary not just give himself carte blanc to extend the two year termination date at his sole discression?
Section 10. Increase in Statutory Limit on the Public Debt.
Subsection (b) of section 3101 of title 31, United States Code [of Law], is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.
There it is, if we look back to section 6 we find that the $700 Billion is like spit in the ocean. As my teenage granddaughter would say if she were texting a friend "WTF"!
Section 11. Credit Reform.
The costs................shall be determined as provided under the Federal Credit Reform Act of 1990, as applicable.
Yeah, right, as applicable.
Section 12. Definitions.
no complaints here.
You may have noticed that I left out Section 1. Short Title.
This Act may be cited as ___________________.
I have a few suggestions for the blank:
Asinine
Insane
Stupid
Idiotic
Absurd
Illegal
Arrogant
Need I go on? I think it obvious where I stand on this issue. Where do you stand? To quote our inept President, "you're either with us or against us."
Wall Street, what about main street?
This is absurd, why bail out wall street, when all of us on Main Street need
bailed out of this economic disaster. Why is the top 10% always the one to get help. I think it should be
Illegal. Do you have no consience, or care about the voters. I guess we will see what happens in November. If we get no assistance, Wall Street shouldn`t either. What has happened to this country?? Seems we are under a dictatorship, very sad for a use to be fair Country,
and caring polotitions. Where are you when we need you.
Taxation without representation, by all means...
Is McCain the best you have, we won`t talk about Palin...
In my lifetime I have seen many things, I guess this Government takes the cake. We must reverse the downward spiral we are in. Government spending with no oversight is ripping away at the fiber of our Country.
If this kind of tomfoolery doesn`t stop, we will be looking at civil disobediance, and a revolution, as the Main Street people are getting very restless. Of this I am sure, as the people have spoken at our last election. Wahe up people, we need help, why are you neglecting us, and acting like sheep walking off a cliff one by one!
McCain is the worst choice you could have ever made, then to through Palin in the mix is ludicrist. Points out to me, your thinking is distorted,
You are being paid with our tax dollars, and throwing money at a dead horse, and a war fought under false pretences...
bail out
This is a letter that I sent to Senator Feinstein in response to an e-mail from her office office about what her views were on the bail out
Senator Feinstein
I am aware that something has to be done. What I have a problem with
is bailing out a corporation that has been so irresponsible, before the
people they hurt are helped. Instead of helping from the top down, help
from the bottom up. All of us out here are the ones who pay the salary
for a Government that is suppose to look out for our interest. Now we
have a government that wants to bail out the crooks before they help
the victims. Isn't that like putting the cart in front of the horse.
When did it become fashionable to reward crooks?
If the government wants to really help, instead of rewarding the
crooks let them go bankrupt buy the loans at a distressed price, and
renegotiate with the family's at a reasonable interest rate so they
can keep their homes. Investigate the practice of the corporations that
caused this meltdown and put the people responsible in prison just like
we do now when someone is a thief. We don't reward them, we jail them,
end of story.
Thomas G. Wilkins
Once more into the breech
Now we have a brand new bailout plan, one with more than 300 pages and they want to vote on it TOMORROW. WTF, how can anyone review a 300 page multibillion dollar bailout in less than 24 hours? An worst of all, it is our party shoving this one up our skirts. I'm getting very nervous here.
Cloud, now it is not only
Cloud, now it is not only impeachment that is "off the table," but accountability as well.
How very "centrist" of Nancy and Harry...