Letter to Senator

The war against savers and producers.

The ‘cramdown’ proposed by Pres. Obama in which financial institutions will have to surrender to government demands to bailout people who have irresponsibly incurred mortgage debt is another blind-eyed program that does not see the total results of such a hare-brained scheme. The savers and producers of the United States have responsibly invested their savings and retirement funds in banks and other financial instruments and we are now told that because of a socialistic whim of the President that we will have to sacrifice our savings and wealth to bailout the improvident. We savers have seen 18% of our wealth disappear since Pres. Obama has foisted his irresponsible schemes on an unsuspecting public. As a creeping socialist, Obama may cheer that the number off millionaires has declined by 27% in the last year but you should realize that the disappearance of so much wealth and discouragement of savers and producers will cause a total failure of our economic system. Obama’s claim that all can be paid for by increasing taxes for 2% of taxpayers (of which woe is we are included) and giving that money to the 98% is - pure ‘horse manure.

On March 14th we attended the Columbus Tea Party with 200 - 400 ? other concerned Ohio citizens who are watching the government lead the looting of the workers and the impoverishment of the savers. I urge you to visit some of the many sites showing photos of the demonstration. Of course, you will have to do this on the internet because of the mainstream media’s blackout on coverage of all such demonstrations. A very polite crowd expressed their opinions and only once was there a chorus of ‘boos’ and that was when the name of Nancy Pelosi was mentioned. Trust me, the voters will remember who helped impoverish the middle-class and flush retirement accounts down the drain. Pres. Obama will move on and throw you all under the Obama Bus when you become inconvenient and he will urge the gullible to blame you and not himself for the catastrophe that is happening.

Is your job to reallocate and destroy wealth or to protect working Americans? Abjure the ‘Cramdown."