House of Representatives E-Mail Crashes!

It is a pleasant surprise that the $700 Billion “rescue” market intervention has failed.  Centrally planned economic solutions are not the most efficient way to do business.  Just ask citizens of the former USSR.  The reason the bailout did not pass has a great deal to do with voter feedback being sent to Congress.  My own Congressman, Doc Hastings (R-WA), bucked his trend of carrying water for Bush and voted against the bill.  Thank you Doc, for using your head on this one.

You had better believe that Doc Hastings, and all the other representatives who voted against the bailout are getting the arm twisting of their lives right now.  The House leadership has vowed a “do-over” later this week.  Don’t cave in Doc!

I tried to send my Congressman a thank-you email message for his vote earlier today, but the House website based email system crashed under the heavy strain of citizens weighing in on the issue.  For more on this see the New York Times article: House Works on a Bailout — for E-Mail

Sure the economy is a mess, yes it is hurting many people.  However, it will only be worse if the poor managers of bad institutions are given taxpayer money.  The whole idea of the bailout is ridiculous.  This will be over with quicker if we just suck it up, and take the bitter medicine market corrections will bring about.