Thank you for having the courage to stand up against the President and Wall Street and vote down a package of aid of $700 billion to the extremely wealthy megacorporations who brought this economic crisis crashing down on our heads in the first place. I know the Dow Jones "Industrial" Index fell several percentage points, but I do believe the market will get over it. Seriously. It's in the best interest of the market to do so.
Now that we have kept $700 billion from going down the drain of an unsustainable economy, lets put that money where it belongs: into building citizen confidence (note that I am not using that awful word, "consumer") in our communities and our institutions of government. $700 billion dollars is enough money to invest in citizen "bailouts" averaging almost $2500 per American adult and child. Every family of four could get around $10,000 to help make those mortgage payments, keep food on the table, pay down student loan and credit card debt, and make up for the retirement and college savings they just lost in the stock market crash.
$2500 for a single man or woman might make the difference between defaulting on student loans and just getting by. It might make the difference between affording those health insurance premiums and copays or going without -- as the cost of treatment doubles or triples. It might make the difference between having a bed to sleep in and becoming one of the nation's hopeless homeless.
So, what do you think? Lift up the people on whose backs our economic house of cards has been built, or prevent a few megacorporations from merging, buying each other out, and otherwise having a bad year? My answer is to help the people.
Taking a longer view, it is time to follow the example of our European neighbors and partially socialize our economy. It is time for us to shift from a notion of each individual and company pursuing their own best interests to a notion of the Greater Good. The individual must exist within a community, and if the needs of the community are not taken care of, the individual is at risk. We must switch from an economy of consumers to an economy of producers: the job of the individual (and especially the corporation) is not to make money for itself, but to provide for the common good...of which it is a part!
Very truly I tell you: by the end of the next decade, we must provide every human being in America with a bed to sleep in, three meals a day, and access to at least basic preventative health care or our country will fall apart at the seams. FDR saw this, and he held the country together with duct tape, self confidence, and federal job programs. We must do this again. We must build sustainable communities, sustainable economies, and sustainable ecology or there will be no community, economy, or ecology for my children and yours to inherit. The future depends on what we do today.
We must do this...why not start today?
Yours sincerely,
James Camp