As the Sun Sets in America

As the sun sets in America, the Congress and Senate of this land waits to see what sunrise in Asia will bring with the new day. Will they pass a favorable judgment on a debtor nation, or will they vote thumbs down by placing sell orders in the stock and credit markets.
Truly, this is a sad moment when a proud nation has found out that its leaders have been leading them astray on a path that leads to debt and servitude. The main product of the Financial Services Industry is debt.

The following is a recent letter I wrote to my Congressional Representative

Honorable Representative,

I’ll be straight to the point. Please vote against "The Emergency Economic Stabilization Act of 2008".

Please enact no legislation on this matter till after the elections and after a proper analysis of the problem and proposed solution can be scored by the Congressional Budget Office and other American and World Institutions.

Please have the expenditure also scored against a “zero base” review of how 700 billion to a trillion dollars can be spent to improve the health and welfare of the American people.

In the midst of all the talk of foreclosures, it seems that one of the major reasons for foreclosure in America has been forgotten. It is to cover the medical expenses of a sick citizen.

For most Americans, losing a job is just a part of life, losing one’s health care insurance or not being able to afford a decent education for self or children is about losing life and future.

I can understand how House Speaker Nancy Pelosi with millions of dollars of California real-estate and McCain with 7 or 10 million dollar homes may consider the current situation a circumstance where other peoples money must be put at risk immediately to protect the “public interest”, but many may say they have too many dogs (or dollars) in this fight to reason objectively about this issue.

There is no one I know who cannot delay buying their next home till next year, or their next car till the spring. On the other hand, if you have some exotic options, or interesting derivatives that are ticking their way to near expiration date, I can well understand why they may be getting a antsy about now!

I can think objectively about this issue and will consider carefully how my vote is used in November. I expect you to do the same --- this week!

Sincerely,