In this time where we set the financial future of our country, I urge you to vote NO on the Bush proposal.
Using fear tactics, and Machiavellian influence techniques, the Bush government has proposed a completely insane framework (that gives the Treasury unprecedented power) to attempt to give “concessions” that make the plan merely mostly insane (mortgage our financial future on the mere word or the “experts” who have badly predicted current events and have already panicked into allocating the taxpayers money on AIG, Freddie, Fannie, Bear, etc). Both Republicans and Democrats who believe in Constitutional checks and balances should be appalled at the naked grab for power by an imperial executive branch. These are the times that try men’s souls…and the time that we need to make a stand to protect our nation’s soul as embodied in the Constitution. This will hurt our pocketbooks in the short run, but to do otherwise will continue the abuses against transparency and open discourse that erode the democratic values of this country over the long term.
As a physician entrepreneur working to change the healthcare sector, I know the issues with credit on Main St…and I can tell you the existing players aren’t helping to support my enterprise either. But inserting politics that favor big players over responsible small business would completely undermine the faith I have in being an entrepreneur in this country– that if I do a better job than the big guys, they will fall and I can change the world.
The key issue is that the troubled banks have no connection to local communities, lax due diligence and risk controls, and balance sheets that make external investors wary.
