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Shelbyville, Tennessee ~ Thursday, November 20, 2008
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A letter from "Bart Gordon" regarding the "bailout"
Posted Thursday, October 9, 2008, at 8:36 PM<< Previous | Read comments | Respond | Email link | Next >>
Following the selling out of America, I e-mailed our "representatives" in Washington, D.C. Only one of the three sent a response, even if it is a prepared statement that they probably had prepared even before the vote took place. I'd like to know if anyone else received the same "response". Also, I thought it was strange that he didn't mention how the tax breaks for motorsports racing track facilities, Indian reservations, Puerto Rico and the Virgin Islands Rum, film and television productions, and (I still can't believe it) certain wooden arrows designed for use by children are supposed to help us avoid a "collapse". Seems like the bailout is working phenomenally...where did the Dow close today?
Dear Thomas,
Knowing your strong concerns about the financial recovery package Congress has debated for the past two weeks, I want to update you on recent action and share my thoughts about this legislation.
Our economy is in danger of collapse and continues to deteriorate daily. This collapse was fueled by greed on Wall Street and regulators who fell asleep at the wheel. Like you, I am angry at the selfishness of speculators that is placing the livelihood of Middle Tennesseans at risk. I was talking to my mother and she said the Great Depression was also caused by Wall Street greed, but she and every other American felt the sting.
I have seen firsthand students who have worked hard to get into college only to be told lenders aren't in the student loan business anymore. I'm hearing from small business men and women wondering where they'll get the next loan to re-stock their inventory, and worried they'll have to lay off employees. Workers in the auto and construction industries are troubled about what will happen to their jobs if people can no longer borrow money to buy cars and homes.
Congress needs to act to prevent a collapse, but its focus must be on these men and women, not the corporate executives who got rich fueling this crisis. It is hardworking taxpayers whose jobs, homes, and pensions will be lost if Congress doesn't act soon.
I was appalled when Treasury Secretary Paulson sent a three page proposal to Congress asking for a $700 billion blank check for Wall Street. While I agreed with his belief that the economy was in dire shape I could not support his remedy. A bipartisan group negotiated legislation looking out for that student, the small business owner, and the family facing a higher grocery bill if their neighborhood market goes out of business.
What started as a $700 billion blank check became an equity interest for taxpayers that provided guarantees that every cent would be repaid by the companies that benefitted. Language was added that prohibited golden parachutes, limited executive compensation, and sent Wall Street the message that abuses of power will not be tolerated.
When taxpayers expressed concerns that more could be done to look out for them, lawmakers listened. Provisions were added to shield 39,000 families in my district from the Alternative Minimum Tax, extend the State Sales Tax Deduction that over 500,000 Tennesseans claimed on their income tax returns last year, and encourage the production of domestic energy so we can be freed of our dependence on foreign oil. I believe this legislation will prevent a collapse of our economy, and allow Congress to focus on passing regulations that will prevent the corporate greed that caused this crisis from endangering American families again.
This legislation passed the House on October 3rd and will be signed into law by the President. Know that I will be working diligently to see that taxpayers are paid back every cent with interest.
G
Sincerely, BART GORDON Member of Congress Comments Showing comments in chronological order [Show most recent comments first] |
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A letter from "Bart Gordon" regarding the "bailout"
Here's what YOUR tax money is "bailing out"
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I emailed my objection. I called with my objection. No answer.
Thom
Did you use the email form or do you have an actual email address. All I could find on his website was the form which BTW I used to express my outrage. I received no reply from that. If you have an actual email addy would you mind sharing it :>)
Nope, this was their response to my tirade in the form on the site. I couldn't find an actual e-mail either. You could always try bart.gordon@mail.house.gov (I didn't think of that until now though).
yes, i got the same letter.
i know someone else who also got the same letter as well.
This was in the news today . . .
"BRUSSELS (Reuters) - Former President Jimmy Carter said on Friday the "atrocious economic policies" of the Bush administration had caused the worst global financial crisis since the Great Depression of the 1930s.
Carter told reporters on a stopover in Brussels that "profligate spending," massive borrowing and dramatic tax cuts since President George W. Bush took office in 2001 were behind the market turmoil and economic crisis.
"I think it's because of the atrocious economic policies of the Bush administration," said the 84-year-old Democrat, who served in the White House from 1977-1981 during a period of high inflation and energy crisis."
That is funny . . . isn't the basis of Obama's plan to give tax cuts for 95% of Americans but yet he wants to increasing spending (healthcare/stimulus packages, etc). If Bush's plan is atrocious then what makes Obama plan any better. Oh yeah, NOTHING. Problem is that McCain's plan isn't any better either.
I still think Ron Paul is the man that should have been selected in the primaries but too many people were too busy voting for the two pathetic choices we have now. Ron Paul has seen this coming and even stated so in 2003 and yet no one listened. He is probably laughing at us all now (if you can really laugh during this financial crisis).
I just happen to be old enough to remember when Carter was in the White House, interest rates were in the high teens, unemployment was high, and in my homestate the auto industry was either on strike or laying off employees. If this isn't a case of the pot calling the kettle black, I don't know what is.
I was thinking the same thing Sharon22 Because I figured I would receive an onslaught of negative comments with finger pointing so I didnt point that out.
I get tired of seeing people blame someone else for a situation in which they were no better at or their hand was in the cookie jar too.
Maybe Obama himself could help bailout the economy since he can afford to pay almost a million dollars for a 30 minutes primetime commercial on CBS for Monday and almost the same amount for NBC for the same commercial.
That just blows my mind . . . this is ridiculous. Must be nice to waste so much money on something so frivolous.
wait till you see what he wastes the taxpayers money on when hes president
wait till you see what he wastes the taxpayers money on when hes president
-- Posted by greasemonkey on Fri, Oct 10, 2008, at 1:43
You think it will be close to the 10 trillion that has been wasted by Bush?
he's not getting my vote
I think it will make the money wasted under the Bush administration (he didnt spend it by himself, he had plenty of help) look like pocket change. It wont matter much though, because America will not last long as a communist nation, which is what it will be under Obama.
I consider it already communists if you consider the fact that the executive office has tried to slide its way out of every accusation/lawsuit, etc by citing "executive privilege". They can illegally wiretap our conversations, tap into our emails, etc, all without court orders. Start wars based on malicious lies, destroy entire countries and spend our money to rebuild them... Spend a trillion more on the "failing economy" yet somehow none of that seems to be communist or socialist. Wow, really?
Actually, I was shocked and very disturbed by this . . .
"Other Obama supporters have threatened critics with criminal prosecution. In September, St. Louis County Circuit Attorney Bob McCulloch and St. Louis City Circuit Attorney Jennifer Joyce warned citizens that they would bring criminal libel prosecutions against anyone who made statements against Mr. Obama that were "false." Similarly, the Obama campaign called for a criminal investigation of the American Issues Project when it ran ads highlighting Mr. Obama's ties to Mr. Ayers."
I find it amusing that Obama sends out his Truth Brigades which threatens groups and individuals who question anything about Obama. Sounds a lot like communism to me . . . I hear the first amendment slowly fading away!!!
Nascar,
We mostly agree on this, except I dont think the current administration is communist. I believe they have started the ground work for a communist dictatorship. The Bush administration has violated our privacy in many ways under the banner of "war on terror" and "keepin americans safe". As far as the war goes, I am on the fence, I have gotten so much false info from both sides, I dont know what to believe anymore. I do know that ,right or wrong for going in there, we now have to straighten this mess out. On the bailout, I believe the "Obamessiah" also put his full weight and support behind it, and yes that is the most blatant socialist move our country has ever made. You have never heard me say anything about these issues yet, again you assume you know my stance on them. You also seem to continue to assume that I am a supporter of this current administration, which I have said in almost every post, I am not. Just because someone speaks out against Obama does not mean they are Republican, or that they are supporters of Bush or McCain. I just happen to have an open mind that does not include my country continuing down the path to communism.
greasemonkey . . . in regards to the war, I base my opinion on what the troops say when they come back home and what they believe. I figure they have the best and most accurate viewpoint of what is happening over there.
BTW . . .I agree with your comment above.
The troops I have talked to, which is several,( I had some as customers when I worked as a gunsmith) was they were proud of the work they were doing over there, and were generally well accepted. I think we belong over there now, we have to finish what we started. The only thing I am not sure of is whether we should have went in the first place.
I just get tired of people that tell me I am backwards, racist or close minded because I do not want Obama as Pres. Then on the other hand, I get told I am giving my support to Obama by voting for an Independent.
Obamessiah Hahaha god that is funny, I haven't heard that one yet.
kinda like "John McSame"
I agree greasemonkey . . . for many years I dealt with comments from Republicans when I said I was voting for a Democratic candidate (I voted for Clinton, Gore, Kerry) but none of those comments were as hateful or rude as the comments that have been directed towards me by Obama supporters when I have told them that I am not voting for their candidate (even after telling them I will more and likely not vote for McCain either). That is what disturbs me the most . . . if I was on the fence, why would I vote for a candidate who attracts supporters like that?
Jaxspike,
Have you decided who you are voting for, I know you probably said so already and I missed it. It just seems our views line up pretty close. But yes the same people who call me racist and closeminded, are the most hateful people I have ever dealt with.
I still dont know . . . I really want to write in Ron Paul's name because I really do like his ideas and policies(unlike Obama and McCain, he has real vision on the problems at hand) and plus I feel it would be my way of showing that the two main candidates before us are not worthy of the job they are running for nor my vote.
You should really look at Chuck Baldwin of the Constitution Party. He has the same vision as Ron Paul and was endorsed by him. I
Not only are the two main candidates not worthy, they are unfit, and either choice will dig us into an even deeper hole. If you look at the main issues they are not as far apart as everyone would have you believe. Everyone tells me if I vote for an Independent I am throwing my vote away or its the same as voting for Obama, but I have to vote my beliefs. I am also told to vote for McCain because he is the lesser of two evils, well I dont think one is worse than the other. I hate that these candidates are the best the parties can do.
Voting your conscience is never a wasted vote!!!
Anyone who says differently is someone who votes strictly party lines and has no intelligence to think for them self. It is sad to see how many people are hooked into this belief that you can only vote for the two major parties. I hold these kinds of people responsible for the horrible choices we have for president and the reason why we are stuck with just two main parties who could care less about the American people and their struggles.
besides being a buzzword with lots of negative connotations, does anyone know what communism actually is?
how about fascism?
for that matter, how many have any real understanding of the distribution of powers and responsibilities between the executive, legislative, and judicial branches of the federal govt?
no one running for office is half as scary as the uneducated state of the population that elects them.
whenever the government is purchasing companies and providing them with liquidity, against the wishes of the people. I would say thats as close to communism as you can get without just coming right out with it. When one looks at the communist manifesto then compare that with either major party candidates (especially Obamas)website it becomes a little scary.