September 29, 2008

$700 Billion Bailout

Here is a message I sent to A. Spector, B. Casey, and J. Murtha regarding the $700 billion bailout of poorly ran businesses.

Bailing out the irresponsibly run businesses is a huge mistaken. It is a waste of taxpayer money and one that I do not support. The problem has been blown out of proportion and CEO’s simply want to protect their own interests.

Let the businesses fail and the market will correct itself with time. Yes, some jobs will be lost and homes will be foreclosed on, but the market forces of supply and demand are always at work. They only get screwed up when the government steps into the picture. Pass laws that encourage CEO’s to run their businesses effectively and efficiently. Be a part of the solution, not the problem.

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