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Thursday, October 02, 2008

Letters, or "Speak now or forever hold your peace"

With the travesty of the Senate Bailout Bill behind us, I sent off this letter to my Congressman John Kline. It contains the text of letters I sent to Senators Coleman and Klobuchar:
Here is an exact copy of the email I sent to Senator Norm Coleman and Senator Amy Klobuchar:
Senator Klobuchar:
I have four questions on your recent vote for the "bailout bill" that I am submitting to you and to Senator Norm Coleman.
As these are direct and unique questions, they will not be able to be adequately answered with a form email reply. Therefore I will expect a direct reply.
The four questions are as follows:
1. Did you read all 415 pages of the bill?
2. In voting for the bill, did you know the amount of $700,000,000,000 was not even a guess, but just a big sounding number from the Treasury? This was reported at ("It's not based on any particular data point," a Treasury spokeswoman told Tuesday. "We just wanted to choose a really large number." )
3. If you didn't know where the amount requested by the Treasury came from, why didn't you know if I could easily find out this critical piece of basic information?
4. If you did know, why did you vote for this bill?

I look forward to your reply.


There was no language dissolving Fannie Mae or Freddie Mac (the only mention of those GSE's was on page 99 and referred only to stock treatment under the 1986 IRS rules).
The original Treasury request was three pages long. The House Bill was what, 140 pages? The Senate bill was 415 pages? Reducing excise taxes on children's wooden arrows? Mental health parity?

John, as I was against the original House Bill, I am certainly stridently against the Senate bill.
I urge you to vote "No" on the new House bill.


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