Sunday, September 28, 2008

Waiting on Historic Legislation: Economic Recovery Package

It's 9:16pm and we have agreed to take the vote on the eocnomic recovery package Monday morning. I have been in this office since Noon waiting to see what was going to happen. Were we going to move on the pakcage tonight or is a announcement of a worked out deal enought o sure up the economy. Waiting on historic legislation is interesting watching the floor debate and seeing the struggle that everyone is going through. This is legislating at its worst and finest.

Working a problem to solution is never easy on Members and staff too many times you get yelled at. What we can't say is that Oregon Politics are different from Texas politics or suburban Memphis politics. While some feel adamant in their opposition to this legislation there is the family who's entire investement was cut by 40%. Or a women who was going to retire on a nice nest egg only to see it vanish. Sorry after answering a bunch of calls i'm burnt alittle.

Now, corporations and their business practices brought us to this place. Congress lifted every regualtion to allow the free form of capitalism to do its stuff and alot of people made money the problem was that when the rug got pulled the middle class got screwed the most and no one seemed to care. Some people say, "They shouldn't be investing, they need to work harder, they need to stop suing credit cards." What everyone forgets is that all these fun eocnomic systems are intertwined so that when an investor can make more money on the lost of value of a securitized product vs seeing it succeed then we have gone too far. Please remember Enron, no accounting trading on an unregulated market hurt alot of people. We make money on people's losses and then we stop caring.

Thats should be governments proper role, protecting the group that is never protected. People like to say we are majority rule, when it was the fear of the majority that our Constiution protects us from. Think mob mentality at its worst better known as the Patriot Act. Watchout for the little guy, keep them safe.

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