Alan Pushkin
La Mesa, CA (USA)
Role(s):
Associate/Staff
ANF Network
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Startup
Location:
La Mesa
Industry:
Design
Year Founded:
2007
Number Employees:
1-10 people
Description:
Dear Senator
Earlier today I asked Senator Richard Shelby to have the courage to stand alone, if necessary, block the Paulson proposal.
Senator Shelby is correct when he states "There are no credible assurances that this plan will work. We could very well spend $700 billion and not resolve the crisis."
Senator, the odds of failure are 100%. The Paulson plan will not create any jobs or help homeowners pay their bills. Instead it diverts $700 billion of taxpayer funds to failed banks that took excessive risks. The sheer size of the bailout will cause interest rates to rise, further adding to taxpayer woes.
Robbing taxpayers to pay failed banks cannot possibly work!
Printing money and giving it away cannot work either. If it did work, Zimbabwe would be the most prosperous nation in the world.