Write Your Senator!!!

[Arraya]

It’s maddening to watch this bailout thing play out. That old milk cow doesn’t give enough milk to meet the balooning demand for milk shakes, so the powers that be propose she be slaughtered so we can have a big bar-b-que. And they want to do this just as soon as possible, so we can get back to “normal.”

[CA renter]

I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for.
—————-

How about this:

1. By bailing out the very institutions that caused this mess, these speculators will feel entitled to take more risks in the future…the “moral hazard” argument.

2. We will need to preserve our resources for the deflationary debt destruction that’s coming, because it will be getting progressively worse (and will likely accelerate as we approach the bottom). We will need to backstop the FDIC, SIPC, PBGC (and other retirement accounts/funds, to an extent) and insurance companies, as well as job programs and domestic/national defense.

3. I am not necessarily opposed to deficit spending or attempts to ease conditions as we move through these tumultuous times. My opposition is to giving money to those who created the mess, and to prolonging the recession/depression by trying to keep asset prices (housing, stock, fixed income, etc.) artificially inflated at the taxpayers’ expense.

We need to allow asset prices to fall and the monetary base to contract so that we can cleanse the system of destructive debt and rebuild our economy from the ground-up,

[CA renter]

I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for.
—————-

How about this:

1. By bailing out the very institutions that caused this mess, these speculators will feel entitled to take more risks in the future…the “moral hazard” argument.

2. We will need to preserve our resources for the deflationary debt destruction that’s coming, because it will be getting progressively worse (and will likely accelerate as we approach the bottom). We will need to backstop the FDIC, SIPC, PBGC (and other retirement accounts/funds, to an extent) and insurance companies, as well as job programs and domestic/national defense.

3. I am not necessarily opposed to deficit spending or attempts to ease conditions as we move through these tumultuous times. My opposition is to giving money to those who created the mess, and to prolonging the recession/depression by trying to keep asset prices (housing, stock, fixed income, etc.) artificially inflated at the taxpayers’ expense.

We need to allow asset prices to fall and the monetary base to contract so that we can cleanse the system of destructive debt and rebuild our economy from the ground-up,

[CA renter]

I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for.
—————-

How about this:

1. By bailing out the very institutions that caused this mess, these speculators will feel entitled to take more risks in the future…the “moral hazard” argument.

2. We will need to preserve our resources for the deflationary debt destruction that’s coming, because it will be getting progressively worse (and will likely accelerate as we approach the bottom). We will need to backstop the FDIC, SIPC, PBGC (and other retirement accounts/funds, to an extent) and insurance companies, as well as job programs and domestic/national defense.

3. I am not necessarily opposed to deficit spending or attempts to ease conditions as we move through these tumultuous times. My opposition is to giving money to those who created the mess, and to prolonging the recession/depression by trying to keep asset prices (housing, stock, fixed income, etc.) artificially inflated at the taxpayers’ expense.

We need to allow asset prices to fall and the monetary base to contract so that we can cleanse the system of destructive debt and rebuild our economy from the ground-up,

[CA renter]

I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for.
—————-

How about this:

1. By bailing out the very institutions that caused this mess, these speculators will feel entitled to take more risks in the future…the “moral hazard” argument.

2. We will need to preserve our resources for the deflationary debt destruction that’s coming, because it will be getting progressively worse (and will likely accelerate as we approach the bottom). We will need to backstop the FDIC, SIPC, PBGC (and other retirement accounts/funds, to an extent) and insurance companies, as well as job programs and domestic/national defense.

3. I am not necessarily opposed to deficit spending or attempts to ease conditions as we move through these tumultuous times. My opposition is to giving money to those who created the mess, and to prolonging the recession/depression by trying to keep asset prices (housing, stock, fixed income, etc.) artificially inflated at the taxpayers’ expense.

We need to allow asset prices to fall and the monetary base to contract so that we can cleanse the system of destructive debt and rebuild our economy from the ground-up,

[CA renter]

I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for.
—————-

How about this:

1. By bailing out the very institutions that caused this mess, these speculators will feel entitled to take more risks in the future…the “moral hazard” argument.

2. We will need to preserve our resources for the deflationary debt destruction that’s coming, because it will be getting progressively worse (and will likely accelerate as we approach the bottom). We will need to backstop the FDIC, SIPC, PBGC (and other retirement accounts/funds, to an extent) and insurance companies, as well as job programs and domestic/national defense.

3. I am not necessarily opposed to deficit spending or attempts to ease conditions as we move through these tumultuous times. My opposition is to giving money to those who created the mess, and to prolonging the recession/depression by trying to keep asset prices (housing, stock, fixed income, etc.) artificially inflated at the taxpayers’ expense.

We need to allow asset prices to fall and the monetary base to contract so that we can cleanse the system of destructive debt and rebuild our economy from the ground-up,

[Aecetia]

I am against it because it is a slippery slope. In the long run we will not be better off for the bail out and I think Wall Street keeps having a tantrum just like it used to when the rate cuts were not made fast enough or low enough. Propping up these inflated prices will help in the short term, but it is all about paying the piper. Pay him now or pay him later.

[Aecetia]

I am against it because it is a slippery slope. In the long run we will not be better off for the bail out and I think Wall Street keeps having a tantrum just like it used to when the rate cuts were not made fast enough or low enough. Propping up these inflated prices will help in the short term, but it is all about paying the piper. Pay him now or pay him later.

[Aecetia]

I am against it because it is a slippery slope. In the long run we will not be better off for the bail out and I think Wall Street keeps having a tantrum just like it used to when the rate cuts were not made fast enough or low enough. Propping up these inflated prices will help in the short term, but it is all about paying the piper. Pay him now or pay him later.

[Aecetia]

I am against it because it is a slippery slope. In the long run we will not be better off for the bail out and I think Wall Street keeps having a tantrum just like it used to when the rate cuts were not made fast enough or low enough. Propping up these inflated prices will help in the short term, but it is all about paying the piper. Pay him now or pay him later.

[Aecetia]

I am against it because it is a slippery slope. In the long run we will not be better off for the bail out and I think Wall Street keeps having a tantrum just like it used to when the rate cuts were not made fast enough or low enough. Propping up these inflated prices will help in the short term, but it is all about paying the piper. Pay him now or pay him later.

[CA renter]

Let me add #4, which is really the most important one:

4. Because $700 billion is not large enough to make a difference. It will vaporize within weeks, if not days, and they will be back for more, but the next demand (and the one after that) will be even more urgent:

“Look how bad the markets are, they’re FROZEN!!!!! Hurry and give us another $3 trillion so we can stop the bleeding NOW. Clearly it’s worse than anyone could have expected as the disappearance of $700 billion shows us that the problem is HUGE and URGENT and it’s THE END OF THE WORLD AS WE KNOW IT!!!!”

Best to let the crack heads experience the withdrawl which will either kill them or make them healthier. No matter what, it needs to happen. The sooner we get this over with, the sooner we can create REAL jobs and get back to business. Until we reach bottom (either quickly via no bailout, or slowly via failed bailout after failed bailout — with longer periods of unemployment and declining wages/growth), we will not be able to turn the economy around.

[CA renter]

Let me add #4, which is really the most important one:

4. Because $700 billion is not large enough to make a difference. It will vaporize within weeks, if not days, and they will be back for more, but the next demand (and the one after that) will be even more urgent:

“Look how bad the markets are, they’re FROZEN!!!!! Hurry and give us another $3 trillion so we can stop the bleeding NOW. Clearly it’s worse than anyone could have expected as the disappearance of $700 billion shows us that the problem is HUGE and URGENT and it’s THE END OF THE WORLD AS WE KNOW IT!!!!”

Best to let the crack heads experience the withdrawl which will either kill them or make them healthier. No matter what, it needs to happen. The sooner we get this over with, the sooner we can create REAL jobs and get back to business. Until we reach bottom (either quickly via no bailout, or slowly via failed bailout after failed bailout — with longer periods of unemployment and declining wages/growth), we will not be able to turn the economy around.

[CA renter]

Let me add #4, which is really the most important one:

4. Because $700 billion is not large enough to make a difference. It will vaporize within weeks, if not days, and they will be back for more, but the next demand (and the one after that) will be even more urgent:

“Look how bad the markets are, they’re FROZEN!!!!! Hurry and give us another $3 trillion so we can stop the bleeding NOW. Clearly it’s worse than anyone could have expected as the disappearance of $700 billion shows us that the problem is HUGE and URGENT and it’s THE END OF THE WORLD AS WE KNOW IT!!!!”

Best to let the crack heads experience the withdrawl which will either kill them or make them healthier. No matter what, it needs to happen. The sooner we get this over with, the sooner we can create REAL jobs and get back to business. Until we reach bottom (either quickly via no bailout, or slowly via failed bailout after failed bailout — with longer periods of unemployment and declining wages/growth), we will not be able to turn the economy around.

[CA renter]

Let me add #4, which is really the most important one:

4. Because $700 billion is not large enough to make a difference. It will vaporize within weeks, if not days, and they will be back for more, but the next demand (and the one after that) will be even more urgent:

“Look how bad the markets are, they’re FROZEN!!!!! Hurry and give us another $3 trillion so we can stop the bleeding NOW. Clearly it’s worse than anyone could have expected as the disappearance of $700 billion shows us that the problem is HUGE and URGENT and it’s THE END OF THE WORLD AS WE KNOW IT!!!!”

Best to let the crack heads experience the withdrawl which will either kill them or make them healthier. No matter what, it needs to happen. The sooner we get this over with, the sooner we can create REAL jobs and get back to business. Until we reach bottom (either quickly via no bailout, or slowly via failed bailout after failed bailout — with longer periods of unemployment and declining wages/growth), we will not be able to turn the economy around.

[Author]

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