I am very concerned by your vote in the affirmative for H.R. 1424. This bill was rushed through the legislature and little time was given to investigate alternative solutions that would be more effective and less costly to the American taxpayer.
Even now our President and other leaders are backing off their urgent pleadings, telling us now that this bill will not be implemented for several months and will have little effect on our economic crisis.
I am very disturbed by the legislation provided in Section 110. It appears to me that this Congress has created provisions that, even more than Section 101, will advance socialism in the United States and the federalization of our financial markets.
I am surprised that your college, Mr. Nelson (D-FL), voted against this bill despite on its language that socializes the US financial markets and our banks via:
1) Government ownership of financial institutions, and
2) Unwarranted government intervention into private mortgage contracts.
This slippery slope will only become steeper if Democrats, now encouraged in their agenda, retain their majority.
I plead with you to set aside political considerations and make a stand for the future of our Republic.
Alexis de Tocqueville said, "The American Republic will endure, until politicians realize they can bribe the people with their own money."
Our legislators discovered this long ago, the people are swallowing this hook into their collective gut that will eventually rip them inside out.
Write your Representative: How did they vote?
Write your Senators: How did they vote?
"We are all in the same boat on a stormy sea and
we owe each other a terrible loyalty." - G. K. Chesterson
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