Yesterday, as I’m sure you heard, the House defeated the $700 billion bailout. Although the stock market suffered quite a hit, I think we will recover in time. That seems to be the trend. Some days we go up and some days we go down. Admittedly, every now and then the bumpy nature of the ride with huge rises and falls can send people scrambling to the sidelines, but, I believe as long as we trust the free market, we will continue to prosper in the long run. Unfortunately, not everyone shares this viewpoint. They wring their hands and clamor for a short-term fix. Why is it these days that whenever a problem emerges, so many people run to the federal government looking for solutions? Even more depressing is the fact that so many politicians are chomping at the bit to usurp more power at the expense of the free market, liberty, and the Constitution. Congress and the President call for more oversight of the financial markets, but then the greater question is, who reigns in the government? Do we allow this watchdog to roam free, tearing up someone else’s property and rooting around where he doesn’t belong, all in the wistful hope of financial security? As you can rarely trust the government to stay within it’s proscribed powers, the job has fallen primarily to the people themselves and too many of us have fallen down on our responsibility. As you know, I, for one, will not remain quiet. Looking over the list of members of the House of Representatives, let us see who voted correctly. For Virginia, my Congressman, Bob Goodlatte voted no. So did the 5th’s Virgil Goode, the 2nd’s Thelma Drake, the 1st’s Rob Wittman, the 4th’s Randy Forbes, and even the 3rd’s Democrat Robert Scott. In support of the unconstitutional measure were Democrats Moran and Boucher (no surprise there), but also Republicans Cantor, Wolf, and Davis. If you happen to live in 7th, 8th, 9th, 10th, or 11th districts and disagree with your Congressman’s position, I strongly encourage you to hold your Congressman’s feet to the fire and call him today. For your convenience, Eric Cantor’s number is 202-225-2815, James Moran is 202-225-4376, Rick Boucher is 202-225-3861, Frank Wolf is 202-225-5136, and Tom Davis is 202-225-1492. I warn you that if we do not hold them accountable, they will try again.
We must stand strong. Sure we have financial troubles today, but the only viable solutions lie in our free economy, not a soviet style bailout. No amount of wealth is worth enslaving our future to the federal government. Think that the government is responsible with our money? Just look at the deficit and the failure of social security. As I write these closing words, I think back to a quote from Ben Franklin. Although twisted slightly, I’m sure that he would agree, “Those who give up liberty for a little temporary financial security deserve neither and will lose both.”