Dear Representative Emanuel Cleaver (D-MO)
Dear Senator Clair McCaskill (D-MO)
Dear Senator Kit Bond (R-MO)
Re: Emergency Economic Stabilization Act and TARP
During the weeks leading up to the EESA and TARP bills the population of Missouri made their wishes and opinions clearly known to all three of you via phone calls and e-mails. I myself sent each of you at the very least 3 or 4 e-mails letting you know that the bailout was an ill conceived and rushed piece of legislature.
In the weeks since the historic second vote when even Representative Emanuel Cleaver who had voted against the original bill in the house turned and voted against what Missouri had taken time to write to you and ask you to stop the madness.
Thanks to the three of you, this BLOG exists. It is the blessing of the first amendment right that keeps this BLOG in place. This BLOG will continue to write against the bailouts not just because they will cause increased taxes, it will do so because so far every single plan that I’ve studied in the last 6 weeks, makes it clear that the Congress in total is grasping at straws.
As a case in point, the news media focused on the Auto Industry Execs coming to Washington on private jets. The outrage from Pelosi, Reid and others has been at the audacity of the Execs coming to Washington on private jets. So you sent them packing back to Detroit to be more humble and return to Washington with their tails tucked between their legs. Please, the three of you as Federal Legislators representative of Missouri values, keep your focus on the key issues.
The reason to have sent the Execs back to Detroit is because they did not present a good investment plan. Once they have that; one key would be the establishment of a goal to become “the” global low cost producers and the actions to reach it. Once you set such a goal, the actions, tactics and strategies will become self evident to anyone with a basic MBA.
Please focus on the right thing, focus on letting Detroit achieve greatness once again, even if that path requires that one, two or all three of them go through Chapter 11 restructuring.