Sep 24 2008
My Letter to Pete Visclosky
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
I know I’ve made it very clear in the past that I want to keep politics off of this blog, but with the recent upheaval in the financial markets and political wrangling that has followed, I thought I’d share the letter I wrote to Pete Visclosky today.
I’ve written him in the past and I still believe that he actually reads our letters and takes what we have to say to heart. Call me a sentimentalist if you want but I still believe my voice matters.
So, feel free to use this letter to come with ideas for your own. We need to do everything we can to stop this bailout.
End political message.
—-
Dear Mr. Visclosky:
I’m writing you with great concern about the Bush Administration’s latest grab for power in a supposed ‘emergency.’ My wife and I have watched in horror for the last week and half as the economy looked to be on the verge of collapse.
While we recognize that something needs to be done to contain the problem, we don’t think that bailing out Wall Street with $700 billion is the answer. These big investment banks have made their own bed and they must now lay in it.
I would not trust a man who was the former CEO of Goldman Sachs with unlimited fiscal power to fix the problem. While Mr. Paulson’s knowledge and experience may be admirable, he is tainted by his connections to Wall Street. He is not the man to lead us out of this. Wall Street executives don’t deserve to have their banks bailed out, then go on to receive multi-million dollar bonuses while we, the American Taxpayer foot the bill.
What is most frightening of all is how the Bush Administration already had this ‘emergency’ plan in the works for months. There is only 4 months left in Bush’s Presidency, don’t give them more unaccountable power in these last few months. They can still do a lot of damage and then leave an even larger mess for the next President to clear up.
We’re being pushed around by fear right now and these are the absolute worst conditions under which to commit to spending $700 Billion. I hope that you do not support the Wall Street Bailout and vote against it unless there are provisions within to protect our interests, punish those who let this happen and reign in the unmitigated greed in Wall Street.
I hope Congress gets paralyzed by indecision, as they usually do and don’t vote on anything before they recess to Election. That way, there will be time to weigh in all the options and come up with a viable solution that would not be influenced by Electoral Politics. This problem has been stewing for over a year, what’s a few more months? The banks can stop hyperventilating and just be patient.
I have no problem with Socialism and socially guided government programs. But this is just WRONG. I’m sure you’ve heard it repeated ad nauseam: “Socialized Losses, Privatized Gains” and that is exactly what this plan entails. I’d rather we spend the money on universal healthcare for all or better college tuition funding. I hope your other constituents in District One share a similar view and I hope that you are listening.
Warm Regards
Jonathan Thomas
http://dunesblog.jonathanwthomas.net
Valparaiso, IN







