Senator Hatch,
I am contacting you to request that you please reconsider your position of continued support for federal bailouts of irresponsible financial organizations that facilitated the economic meltdown that we find ourselves in today. The irresponsibility in which the TARP funds you supported have been handed out is sickening, including excessive "retention bonuses" to the very same executives whose short sighted ambitions drove their companies into the ground, and billions funneled to foreign banks through AIG, and more. I beg of you to please return to the fiscally responsible principles of your party which you, Bush, and just about the entire Republican party in Congress have abandoned this past decade. Let these large financial institutions fail and the free market principles our economy is based on will make the necessary corrections. These corrections may be painful in the short term, and politically difficult for those of you in power, but in the long run they will hasten our path toward recovery. As the large financial institutions fail, smaller, more agile and responsible ones will fill in the gap. That is how a free market works, and that is the how our economy was built. Assuming trillions more debt to bail out Wall Street is doing nothing more than delaying the inevitable and potentially bringing the Federal government closer to insolvency.
I am contacting you to request that you please reconsider your position of continued support for federal bailouts of irresponsible financial organizations that facilitated the economic meltdown that we find ourselves in today. The irresponsibility in which the TARP funds you supported have been handed out is sickening, including excessive "retention bonuses" to the very same executives whose short sighted ambitions drove their companies into the ground, and billions funneled to foreign banks through AIG, and more. I beg of you to please return to the fiscally responsible principles of your party which you, Bush, and just about the entire Republican party in Congress have abandoned this past decade. Let these large financial institutions fail and the free market principles our economy is based on will make the necessary corrections. These corrections may be painful in the short term, and politically difficult for those of you in power, but in the long run they will hasten our path toward recovery. As the large financial institutions fail, smaller, more agile and responsible ones will fill in the gap. That is how a free market works, and that is the how our economy was built. Assuming trillions more debt to bail out Wall Street is doing nothing more than delaying the inevitable and potentially bringing the Federal government closer to insolvency.
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