The U.S. Senate has passed the ill-advised 700 billion dollar Wall St. bailout package by a frightening 74-25 majority. The bill will now return to the House of Representatives for concurrence or rejection. A vote in the house is expected on Friday.
Please redouble your efforts in contacting your House representative and ask them to reject this boondoggle. There are many reasons to oppose this monstrosity. Here are a few:
- It is an unconstitutional intervention into our free market.
- The beneficiaries are the very same businesses and people who created the ‘crisis’ we’re in the midst of.
- There is no evidence that it will actually do anything in the long run, except perhaps encourage more bad decision making and lead to more (and bigger) bailouts in the coming years and decades.
- It’s one more slide down the slippery slope to socialism.
Shame on every Senator who voted in favor of this. This includes my own two Senators (Senator John Warner (R-VA) and Senator Jim Webb (D-VA)) and the two major-party Presidential candidates (Senator John McCain (R-AZ) and Senator Barack Obama (D-IL)). You all have sold-out your constituents and you have sold-out America.
I pray that the House does not concur.