My Letter to my Senate Leaders re: Bailout

Dear [Senator],

I urge you as a fellow Republican to NOT consider ANY form of bailout. Passing this bill will break every principle we Americans stand for.

If we reward failure and prevent the free market to self reform we will stave off economic hardship for only a few short months. Sadly, within six months, we'll find ourselves in the same position we are in now.

I have heard the argument framed as "Without the bailout we will suffer greatly" with the implication that we will dodge it completely by passing it. This is false logic. If we pass the bailout we are merely staving off the inevitable and will make the "disaster" far worse and last far longer. (Let's remember what we learned from the Great Depression)

The real issue is our financial system and our dependence on credit.

It will fail. Austrian Economics tells us it will. The question you must ask yourself is, do you really want to nationalize our financial system trying to save it?

It is with horror that I watch republicans and democrats seize this crisis as an opportunity to further socialize America. I am completely dissapointed with congressional and senate leadership's ability to be stewards of my freedom and liberty.

I urge you to vote no on any bill containing any form of bailout. Have faith in the free markets and please work to remove the existing regulation that hinders the opportunity to succeed and innovate.

I understand you're under pressure to "Do something" but perhaps "doing something" means reminding your colleagues that the government DOES NOT run or control the US economy. It's the people. Let the free markets work. Let the free markets work. Let the free markets work.

As a constituent I will be watching your vote on this. As I have told my congressman, an "Aye" vote on ANY form of Bailout is a deal breaker and will force me to ensure no re-election is awarded.

I ask that you show political fortitude on this measure and fight to preserve our core American values.

Thank you,
Benito Segovia