Washougal, WA (PRWEB) September 29, 2008
Republican congressional candidate Michael Delavar calls for Brian Baird (D--WA) to vote against the proposed bailout. "We should let normal and ultimately healthy market readjustments happen without putting the taxpayer on the hook for the ill-advised policies and failed practices of Congress, the Federal Reserve, and the lending institutions themselves," said Delavar.
"Instead of focusing the national discussion on the rights of the US government to impose restrictions on banks that use the proposed bailout funds, we should instead be focusing on the more pressing question: Do we really want to add nearly ten percent more to the national debt in one week?"
"Moreover, the great majority of the underlying mortgages are serviceable and will continue to function for the next private institution that owns the mortgage. The main issue is whether the US government has either the authority or the wisdom to go into the mortgage business. From my reading of the rulebook of Congress (the Constitution), they most certainly do not have the authority."
"Before Congress decides to indebt Americans to the tune of over $2000 per person, perhaps they should wait to see if Americans--who are typically very generous--would be willing to voluntarily write $2000 checks to these institutions. If the people do not wish to further burden themselves voluntarily with this debt, there is no reason that Congress should do it for them."
Michael Delavar is the Republican candidate for Congress in Washington State's Third Congressional District. His website is http://www.delavarforcongress.com.