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Financial crisis? Really?

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opednews.com

An open letter concerning the US bailout of financial institutions to legislators, executives, and candidates

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I have a couple of questions about the  US Government's proposed bailout of financial institutions and investment bankers...

The main one, concerning the word "crisis"... is WHAT is the hurry?  This situation seems to have blind sided the same economists who now think they have the answers? That does not inspire confidence.

The atmosphere is not unlike the days after 9/11, when incomplete analysis and the attitudes of "we must do something NOW" generated poor legislation and led to the degradation of our Constitution and standing laws such as FISA.  Again, why do we have to rush to a solution without a complete analysis from experts?

I am only asking that we view the current situation as one which requires considerate and intelligent analysis, and that any solutions presented will provide sustainability and accountability.  

From what I have seen so far, the only people benefiting from the bailout proposal are those very people and corporations who share much of the blame.  Why does Main Street have to bail out Wall Street?  Why do those same "free marketers" only want freedom when they are making money, and when they are on the downside, they want to socialize that debt??

I am against the bailout using taxpayer money. I am against a blank check to the very agencies and corporations who were irresponsible to our country and economic freedom.


Dan Leithauser

Missoula, MT

 

Non-affiliated voter who embraces transparent and accountable government. As a scientist (BS Chemistry, 1985, Georgia Tech), I tend to look at the evidence and weigh relative validity to come to a decision.

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