Tuesday, March 24, 2009

Letter to the President

I decided to write a letter to the President, as it seems that congress no longer proposes legislation, but merely passes what comes from the President. I thought I would post it here if anyone else wanted a draft that they could use for themselves.

Alex Cresswell
3638 Ocee St
Houston, TX 77063
March 24, 2009
President Barack Obama
President of the United States of America
The White House
1600 Pennsylvania Avenue
Washington DC, 20500
Dear Mr. President:
I am writing to ask you to cut taxes. The budget that is now in congress is the largest ever budget proposed in this country, and it comes at a time that the economy can least handle the increase in government spending and taxes. What truly will support the growth of the economy are broad federal tax cuts across all levels of income. Consider this perspective, when the government raises taxes, in effect they are taking away the citizen’s choice of how to spend their money, and granting that choice to the government. It is well known that the beaurocracy of the government does not have the necessary oversight to see that this money is spent productively, and the needed oversight is just an added expense that further detracts from the real benefits that tax money can bring to the people. It is a far better policy to only take what is necessary for the government to maintain basic functions, and to allow people to choose for themselves what to do with their money, as they will make a better decision for themselves than the government ever can. I urge you to consider cutting back taxes to allow the citizens of this country to invest their own money as they know how to best do so, and place your trust in those who have elected you, just as we have placed our trust in you.
I am also writing to ask that you immediately cease with the corporate and bank bailouts. We have already gotten into a debacle over the bonuses paid out by AIG after receiving bailout money, and this is only a symptom of the problem. The involvement of the government into the success or failure of a corporation no matter how noble the intentions are crosses a fundamental line that defines a free market economy. We are now approaching a situation where the government has an interest in controlling corporations, which no longer leaves these corporations independent of the government, but now part of the government. Also the bailout money is further pushing this country into debt. The value of the US dollar is at risk today on the world markets, and with proposals by the UN to change it’s secure currency away from the US dollar, there is a real risk of hyperinflation. Hyperinflation is the rapid devaluation of currency, and the main cause is a rapid increase in the amount of money, which is not supported by growth in the output of goods and services. This is exactly the situation that we are in now. The government, through the Federal Reserve Bank is massively increasing the amount of money in circulation, and at the same time there is not supported growth in the output of goods and services. I urge you to put and end to the wasteful, unproductive, and costly spending that is the status quo of Washington and bring the change that you promised to this country.
In closing I wish you all the best with your term in office, and for an appropriate and timely recovery of the economy. I realize that the economic recovery will take time, and I hope that the policies of the government will support the growth of the economy and will not artificially prop up the economy by increasing taxation and government spending. I urge you to consider the suggestions of Dr. Ron Paul on economics, as I understand and agree with his opinions on the markets and economy.
Thank you for your service.
Sincerely,
Alex J Cresswell