You probably saw the news today that the Senate passed their version of the bailout bill. It was expected to pass and did so by a wide margin – 74 to 25. It also appears that many members of the house are changing their mind since they had many constituents call in Monday and Tuesday after the vote and following stock market tumble. Come on people! Do not be so short sighted. A single day in the stock market means nothing. Committing $700 billion to a financial rescue package is going to have serious consequences: increased government power, allowing the financial institutions that behaved so badly to continue, and increasing our deficit – the money has to come from somewhere and you know how much government hates trimming their wasteful programs.
The Bush administration has used fear and little evidence to scare congress and the citizens into an expensive project with no exit plan. Sound familiar?
We need to keep the pressure on the house. They are the only thing standing in the way of this bill turning into law. Let’s take care of our current problems today instead of having our grandchildren pay for them down the road. Let’s keep government power in check. Call your congressperson and give them a piece of your mind!