Bail-out Alternatives

Below is a letter I wrote to my Senator this morning regarding the bail-out bill now working it's way through Congress. I implore you all to do the same regardless of your view. Let your voice be heard.

Greetings Senator Casey,

It is imperative that something be done to preserve our free market economy.

I know that you are a freedom loving, and America loving individual just as your father was and I thank you for your service to the country.

In this urgent time, I hope that you and your colleagues in the Senate will take a deep breath and give great thought to what changes this bail-out bill will make to our nation.

Nothing done in haste has ever ended well.

I implore you not to spend $700 billion (give or take) of our (the taxpayers') money on this bail-out. While something must be done, we should at least try some more market-driven and less costly options first.

1. Let us have a capital gains tax holiday for the next several years.

2. Let us lower the corporate tax rate to a level that is more competitive with what our global trading partners are charging. This and the capital gains cut will attract capital to our markets and will alleviate the pressure.

3. Let us look at the causes of this crisis and set rules in place to limit the activities that put our markets in jeopardy.

4. Let us make it clear to energy producing companies in our country, (oil, gas, coal, wind, solar) that the Federal Government will not stand in the way of development of any of these resources. If our nation were using all of the resources we have, we would have more than enough for ourselves, and could sell the surpluses to other nations, thereby bringing more capital into the United States.

These changes would strengthen our markets instantly, because those on Wall Street know that these business friendly changes would not only strengthen Main Street, but would go a long way towards retiring our trade deficits, and our national debt.

Please vote no on the bail-out in it's present form and request some if not all of the items I have detailed above. I am not an economist, but I am a concerned citizen and voter in the great Commonwealth of Pennsylvania.

I am confident you will do the right thing.