Here is a copy of the letter I sent to my Senators regarding the unwarranted and unnecessary bailout proposed by President Bush and Treasury Secretary Paulson.
Dear Senator
I respectfully urge you to oppose the $700 Billion dollar bailout proposed by the President and the Treasury Secretary Henry Paulson. First, we do not have the money and secondly, the speculators should not be rewarded or rescued for their foolishness.
It is time to stop spending what we do not have.
Please do all you can to stop this unnecessary bailout.
Also Fannie Mae and Freddie Mac must be reformed. Stop permitting those who do not qualify for loans or do not have sufficient income to receive loans.
Please insist that your colleagues come up with a solution that makes Congress and the financial institutions and companies more accountable.
Please to not burden the taxpayers or our children with more debt that we do not need. You penalize the responsible people for the action of an irresponsible Congress and irresponsible corporations.
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