I can remember a few years ago when the Bush Administration was begging for authority to act rashly, and the case to support the action was wrapped in secrecy and fear. Congress went along, and America has suffered because of our trust.
Now, the administration wants to launch the most expensive program EVER, without time for debate and without explaining its plans.
Does it make sense to pay higher than market prices for bad assets purchased by people who ought to know better? Is anyone else struck by the handwringing and lack of empathy from Republicans when we were talking about extending unemployment benefits, in contrast to the rush to compassion for the country club Republicans we're seeing now? Why do our schools need bake sales, when $700 billion was available for a compelling need like broke bankers? Why was this money unavailable for the uninsured?
It's bad policy. But it's going to happen if you don't pick up the phone and call Congress and tell them you don't want this to happen.
Here is a site that gives you the contact information for your elected representatives. I will be calling mine today - and, to make it even easier for you, here are the numbers for:
Kit Bond: (202) 224-5721
Claire McCaskill: (816) 421-1639
Emanuel Cleaver: (816) 842-4545
Do NOT assume that any of these individuals will vote the way you expect or hope they would on this matter. In fact, each of them has shown a tendency to favor banking interests over Missourians in the past. They need to hear from you today. Be polite, but be clear. We do not want to shower $700,000,000,000 of our tax dollars on an undisciplined financial services industry.
Labels: economics, Emanuel Cleaver, kit bond, mccaskill