I wanted to share this letter that I sent to my two U.S. Senators and Representative in Washington today.

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RE: Financial Bailout Plan Opposition

I know your time is valuable, but I must speak up at this time.  I

want to record my opposition to the bailout as described by Secretary

Paulson and Mr. Bernanke.

It is my opinion that the bailout is in opposition to the

capitalist system that we rely upon.  Such a bailout simply rewards

those individuals who were too greedy to establish solid financial

planning.  There are thousands of U.S. businesses that are not on the

verge of bankruptcy today due to their diligence and fiscal

responsibility.  Instead of rewarding the huge gambling losses that

these people racked up, we need to focus on supporting those fiscally

strong companies through government backed loans to those who wish to

fill the gaps that would be made by the failure of the weak ones.  I

would trust my tax money to those companies who are responsible over

those who took my money for services and lost it on a gamble.

I certainly understand that there will be a financial impact

throughout the economy, but we cannot be so afraid of it that we

abandon the principles that make this country strong.  The United

States is a strong country and we will pull through.  In a capitalist

society, the weak companies will fail or be taken over by the strong

companies.  That is how it should be.  Government should create

regulations to make sure that company executives are properly held

accountable for mismanagment or fiduciary irresponsibility.  Companies

like Bank of America

can step in at times like these and take advantage of the situation

because they planned properly throughout the years and are a strong

company.  By bailing out those who gambled and lost, we set the

precedent that if you gamble big and lose big, the government will bail

you out.  If you are fiscally responsible and lose, then tough luck,

that’s capitalism.

Again, I realize that not bailing out those institutions will lead

to multiple financial shockwaves as they fall, but I believe it will

lead to a much stronger fiscal mindset in company executives in the

future.  That, I believe, will lead to a much stronger United States of

America.  After watching the events of the last two years unfold, I

believe we all want a stronger financial system in the U.S.

I thank you for your service to our community and our country in the Legislature.  Have a great day.