I’m still fired up about this corporate bailout. I composed this letter in my head on the way to work, and have now sent it on to Norm, Amy, and Betty (Coleman, Klobuchar, McCollum).
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I have to live with the consequences of my decisions. I have to think through all the possibilities before I decide. If my decision is a poor one, I have to deal with it. If circumstances outside of my control make a previously good decision come out bad, I still have to live with the consequences of that decision. I have no one to bail me out. I sink or I swim.
The same should be true of these corporations that are now looking for a bailout. They should have to sink or swim. If their decisions turn out poorly, they have to deal with it on their own. No sugar daddy should come in to rescue the corporation.
If the corporations’ bankruptcy is bad for the economy well, the economy already stinks. The recession is here, and has been here for several months. I’m working hard to survive the recession. These Wall Street firms and financial companies need to dig in, garner their internal strengths, and work to survive — or not.
If corporations have rights like individuals, they should also have the right to fail. True, the corporations actions impact others. My actions impact my family. We all have to sleep in the bed we made.
No bailout.
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I don’t know if it will make a difference. But I’ve said my piece. That’s what democracy is all about.
What I Sent to My Reps