Tonight I wrote my representative, David Wu, of Oregon’s 1st district. It said:
I saw Peter DeFazio on KGW’s evening news pushing back on a hurried bill giving the Secretary of the Treasury such massive power in this bailout. I hope you and he can work together to represent Oregon and all Americans in the face of this massive power grab. We need proper regulation and transparency, but we also need new and innovative solutions instead of the same old partisan politics.While Mark Cuban can find a way to get on everyone’s nerves from time to time (especially if you’re an NBA fan), he has a really good proposal that would not only open up the process to proper transparency and oversight, but also potentially gives private investors the opportunity to step in in place of the federal government.
Please read Mark’s proposal here.
Something like this should be seriously considered. Right now it seems like Washington isn’t really looking anything but the two extremes (financial crisis vs. no-oversight-bail-out). Let’s find something bette by putting technology and innovation to work and find ways to have regulation, accountability, AND efficiency all together.
Sincerely,
Patrick Lightbody
on Dec 5th, 2008 at 6:57 am
Why should taxes payer spend more money on taxes for the bail-out. Don’t they realized that we the taxes payers are paying enough on taxes already just trying to make end met. Well if you look @ it from they’re point of veiw, No. They’re probably looking @ this way, (”Why not see if we can raise people taxes so are companies can keep our pravite Jets”!!!!!) What if this Bailout goes through, our budget goes out the roof. Because are taxes are so HIGH! & think about it. G.m. get they’re bailout, then an other company gona come in asking for a bailout &another & another. All theese other companies all gonna line up one after another! And it’s gonna be us taxes payers taxes going sky high to the roof! So this G.M. company wants Congress to help with the $700B-BAILOUT! & they (THE G.M.) want to raise AMERICAN TAXES TO SAFE THEIR BUTTS!!!! But when in the past when someone tries to get a car, & that person credit was not perfect, No car! Because that person credit was less then perfect! & If this bailout goes through, & we the taxes payer are hurting because of our taxes are so high. Do you really thinnk that G.M is gonna be there for us Tax payer when someone needs a car & Can’t get a loan!!!! NO! Do You really honestly think if we taxe payer go knocking on they’re door for help getting a car! DO REALLY THINK THAT G.M. IS GONNA BAIL-OUT THE MIDDLE & LOWER TAXES PEOPLE FOR ALOAN???? NOOOOOO THEY’RE NOT!!!!!!