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Something in Common with a Harvard Economist

This is a parenting blog.  This is not a political blog.  However, as a Mom who refuses to put fingers in my ears and hum away ignoring the present economic crisis (which began with policies set in motion decades before I was ever born), I will take action and I urge you to do the same.  We’re not a socialist nation (yet), and there is hope to weather this economic recession and unprecedented turn of events without giving in to the press’ fear-mongering spin on the only solution they think will fix the problem.  At least for today, this is an American mom’s political blog.

There’s a few things I have in common with a Harvard Economist.  1) We both oppose the Congressional Bailout Plan for Fannie Mae and Freddie Mac.  2) We’re both think that by taking on more financial debt, the government only increases its problems, it doesn’t fix anything.  3) Last week, we both wrote letters to our respective Congressional Representatives urging them to oppose the Financial Bailout Plan.  Read Jeffrey A. Miron’s CNN commentary on why bankruptcy is the answer, not bailout.

If you’ve been listening to any mainstream media since Monday, you’ve probably only heard of reasons media and political spins on why the financial bailout plan failed and how there’s “hope” that a compromise will be reached to pass some sort of plan in the near future. The media has failed to announce that Congressional leaders received numerous phone calls from constituents urging them to oppose the bill.  According to an article in Time magazine,

congressional offices were reporting that constituent phone calls were running 100 to 1 against the measure, which was seen across the country as a bailout of the very Wall Street executives whose misjudgment in making and selling bad real estate investments had spawned a credit crisis that threatens to drag down the entire financial system.

100 to 1 phone calls in opposition is a pretty big influence on the Congressional vote.  If Americans are against the bailout, then why push it?  Why is the media pushing for it?  Also, those who voted against the bill were 66% Republicans and 40% Democrats.  There’s no reason that a Congressional blame game should be going on right now as far as which Party caused it to fail–it’s because they were representing their constituents who were writing letters, e-mailing, and phoning in their strong desire for an opposing vote.

Today, the Senate will convene to vote on the Bailout plan.  If you’d like to contact your Senator to express your views on this issue, you can e-mail, and call.  In the near future, the House will again convene, and you can contact your Representative.

In the past, there have been huge campaigns to urge people just to vote.  The issues are far more crucial than ever today.  You need to do more than vote, you need to let your representation know how you want THEM to vote on matters that affect you, your family, and your family’s future.  Freedom starts with your voice.  Act today!  For more on what you can do to help regain the liberties for which America’s forefathers fought visit the Campaign for Liberty.

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One Response

  1. Hi Lis from Simple here, I thought this was a really informative and thought provoking post. Thanks for stepping out of your parenting box for a day to post “political”

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