The Right Side

Notes from a conservative student.

My Letter to the Cornyn Team

Posted by Cullin on October 3, 2008

Cornyn’s vote on the bail out plan has made me lose a great deal of confidence in him.  Just the other day I had sent a letter to Rep. Gohmert expressing my gratitude that he had voted against the initial bill, and I hope that I get to keep him in such great accord after tomorrow.

This bill is not what we need to fix our financial problem.  It is only a big government reaction to a problem which was caused by previous, similar big government programs.  The government cannot and should not regulate the markets.  They work very well on their own, but as soon as we start trying to artificially bolster them, we will keep having to increase our stimulation and regulation, until we slowly work our way into the same type of socialist governments of Venezuela and the like.  On this day, I would have higher approval ratings for the French government than that of my own country because they have been moving away from the bureaucratic theocracy where the almighty regulator is our lord and saviour that we are ever so steadily starting to embrace.

For the last several weeks and months I have been greatly pushing Cornyn as the candidate for the Senate from Texas.  However, my heart broke and I was not able to continue advocating for his re-election this day whenever I had to tell a curious voter that he did indeed vote for the bail out.

The initial bill was not a good idea at 700 billion.  When it was pushed through with another 150 billion dollars worth of pork and pet projects that otherwise would cost the taxpayer next to nothing, it was an even worse idea.

It is too late for this senate bill, the damage is done in that governing body.  Hopefully, the bicameral nature of our legislature will hold true to its intention and kill this atrocity of Keynesian thought.  And, hopefully Cornyn will have a chance to redeem himself by not voting for another such bill, which would cost us too much, and benefit us much too little.

I would hope that you would relay the fear and lamentations of those like me.  Those who wonder what happened to Cornyn’s principles.

“The government takeover of Fannie Mae and Freddie Mac could conceivably put taxpayers on the hook for $200 billion. Taxpayers should not be in the business of rescuing shareholders, CEOs or those who made bad business decisions. Both institutions have demonstrated spending habits that should not be underwritten by taxpayers. We must hold fully accountable those individuals at Fannie Mae and Freddie Mac who failed to live up their responsibilities. This is why I could not support the American Housing Rescue and Foreclosure Prevention Act of 2008 (H.R. 3221), which provided Fannie Mae and Freddie Mac with an unlimited credit line to the U.S. Treasury.” – Sen. John Cornyn, September 8, 2008

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One Response to “My Letter to the Cornyn Team”

  1. […] My Letter to the Cornyn Team […]

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