Letters to politicians do have an impact. A groundswell of public opinion shot down the “amnesty bill for illegals” (although I liked 80% of it), and has had a huge impact on shaping the current bailout bill. Without all the criticism and angry pushback, Senators Dodd, Schumer, and Shelby would have given us a much more generous bill. It has been so watered down that it won’t really help that many FBs. Its biggest drawback is symbolic–another step down the slippery slope of moral hazard.
