Tuesday, September 30, 2008

Budget Proposal

Earlier today I e-mailed the John McCain Campaign, and this is what I said:

Dear Senator McCain, I am very concerned about this issue as well, and I know that youpersonally are not able to review and answer every e-mail so towhomever receives this, I want to voice my opinion. I have lost a bitof confidence in Senator McCain on this issue. Why do we need tochange from a free market to a socialist, government-controlledmarket? We need to incentivize our citizens who love freedom anddemocracy to purchase foreclosed homes and put their own money intothe market! Tax credits to people who spend their money will really goa long way, and this trillion dollars of non-existent money can beturned into real, liquid cash! Why do we want to put ourselves inmassive debt? This is not a budget proposal that a republican shouldsupport and I am proud of the courage of the representatives,republican and democrat alike, who stood against this faulty plan. Weneed to re-focus, and find a way to let a free market heal itselfrather than having a government-fix-all attitude like our Europeancounterparts. Lets not create more problems for our future generationsto deal with. Take down Fannie Mae and Freddie Mac! Don't reward them!Please Senator McCain, I know you are a courageous man and I have alot of respect and honor for you. This bill does not deserve yourrespect. It is wrong. It is against American values. Please stand forchange. Please stand against this plan.

I just re-read it and it sounds kind of cheesy some of the wording, but its pretty straight up how I feel about this proposal. Yeah, its true, the government unfortunately has to do something to get the market back on track. We have never had a financial crisis like this in the history of our country besides the Great Depression. But what in the world makes them think pumping 7 billion non-existent dollars into the market is going to help? For the short term it probably will, but we can fix this long-term by incentivizing people with tax credits! There have never been this many foreclosed homes on the market ever! Billions of dollars are sitting wasted in these foreclosed homes that are worthless to the banks that own them, and the dollar is inflating dramatically because of it. If the federal government said "Hey, I'll give a $5,000 tax credit to anyone that buys a foreclosed home", guess what! PROBLEM SOLVED!!! I would get two in California right now! In a few months it would be about impossible to even find a foreclosed home, billions of real, liquid cash dollars would float back into the market, and in 5 years the federal government, i.e. the taxpayers, don't have a $7 billion (plus interest) bill to pay off. If you care enough about this issue to have read this far, you should e-mail the campaign like I did. The more voices they hear the better.

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