Dear Elected Representatives,
In the coming days you will be faced with a decision. Once again, fear will be instilled in you, this time by a different group of faces. You will be told that if you do not act that our economy will collapse with all blame solely laid at your feet. You might even be told that martial law will result if you don’t pass the next stimulus and bailout bill.
This time you don’t have the distraction of a coming election. Nor do you need to worry about pandering. The American political memory is pitifully short, and there are almost two years before the next elections. So you can act in confidence and principality without having to worry about keeping your job. Such a sad state of affairs we have in America.
Let’s take a look at the last failure of government intervention. On October 3rd, you authorized over $800 billion in taxpayer dollars (which had to be borrowed) to save the financial system. It has been an abysmal failure. You’ve succeeded in doing little more than creating a giant financial parasite. A parasite that will require more and more resources going forward while producing nothing but a drain on the efforts of future generations.
Even worse, since October 3rd, the unaccountable Federal Reserve has created tens of trillions more behind closed doors, pinning the bill on the forehead of your constituents with nary a whimper of protest from the Congress. This reality is not indicative of the Republic our Constitution demands, nor is it acceptable as a means of government.
The net effect of the bill that will be put before you will be to increase the burden of government on the American people. When will you learn that the markets do a better job of allocating resources than government? When will you learn to stop rewarding irresponsible behavior? I credit you with having the intellect to figure out that when you subsidize bad behavior that you guarantee more of the same. Bank of America needed to fail. Citigroup needed to fail, AIG needed to fail. And the list goes on. Now they sit like an albatross upon the productive output of our already fragile economy. How do you expect our economy to recover when you continue to pile dead weight on top of it? Despite the fancy verbiage that you’re likely to include in your terribly scripted reply to this letter, that is exactly what you’re doing.
It is time for the bailouts to stop and for responsibility and accountability to begin. It starts with you. You are paid a handsome salary and lavish benefits package (far better than anything your constituents receive) to represent them. Slamming them with debt obligations while telling them you’re fighting for them is a bald-faced lie. I would like to know by way of a personal reply that you’re going to stand with the American people in this crisis – not with big banks, Wall Street, the unaccountable Federal Reserve, and the status quo.
Respectfully,
“We the People”
We encourage the general public to use any or parts of this text as they consider contacting their representatives about this latest egregioous breach of responsibilty to the American people.
