Gader Girl in Sandy Eggo



Congress Doesn’t Care

The following is the form letter that I received today as a response to the very thoughtful letter that I sent to my state Representative.  Apparently, she does not care:

Dear Mrs. Staup:

 Thank you for contacting me about the current economic crisis.  I appreciate hearing from you, and I want to assure you that Congress and the Obama Administration are moving swiftly to address this critical issue.

To get our economy back on track, the very top priority must be to save and create jobs.  That is why I supported H.R.1, the American Recovery and Reinvestment Act, which President Obama signed into law on February 17, 2009.  This legislation will inject $787 billion into our economy through tax cuts and spending on projects to save and create jobs.  It will make significant investments in vital infrastructure projects, give much-needed aid to our states, and help to create and save millions of American jobs.

 We also know that full economic recovery is possible only if we act to restore confidence in our financial markets and get credit flowing.  By doing so, the economy can grow again, giving millions of Americans the opportunities to buy a house, send their children to college, and start their own business. 

 The Obama Administration recently released its Financial Stability Plan, which will get banks to clean up their act by requiring them to undergo a comprehensive “stress test.” The plan will also create a public-private investment fund to remove risky bad assets and commit up to $1 trillion to the Term Asset Lending Facility to jump-start lending for credit card loans, auto loans, student loans, and small business loans.

 Another crucial step towards righting our economy is addressing the housing crisis.  The Obama Administration recently unveiled its Homeowner Affordability and Stability Plan, which will provide an opportunity to refinance into lower-interest mortgages for up to 5 million responsible homeowners who have been making their payments on time.  For another 3 to 4 million homeowners who are struggling to make their payments but could stay in their homes with a little help, the plan includes incentives for lenders to reduce monthly payments to an affordable level.  What the plan does not do is help speculators who took risky bets on a rising market, dishonest lenders who acted irresponsibly, or borrowers in homes they could never hope to afford.

 We in Congress will be exercising strong oversight over all of these plans to help our economy.  It is critical to ensure that taxpayer money is used in the most efficient and effective ways possible to create recovery, and also to have transparency regarding how it is used.  In addition, we must hold accountable those who created the economic mess in the first place, and Congress must move quickly to reform the financial system so that a similar economic crisis will not happen again in the future.

 Again, thank you for writing to me.  Be assured that I will keep doing all I can to help get America‘s economy back on track.  I will continue working with the Obama Administration and my Senate colleagues to enact legislation to stimulate growth, create jobs, and make American businesses more competitive in the global economy.

Barbara Boxer
United States Senator

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Comments

  1. * sophie says:

    Sigh, I think that congress cares, I think they just have a better idea about what is going to fix this problem then the average American (ie- me and you) does. Ms. Boxer wrote you a very detailed letter outlining what the Obama admin plans to do to try and fix our economy. Whether you choose to be open minded about is it is your choice. Please do not discount this letter without trying to think outside the box. Its hard to do that with so much anger.

    | Reply Posted 8 years, 7 months ago
  2. * sophie says:

    PS- I think your heart is in the right place- at least you care! So many of our fellow Americans do NOT care, did NOT bother to vote and are willing to complain about this mess without actually doing anything. And for that, I admire your tenacity. I just hope that what I have said will help you see another side to this situation…

    | Reply Posted 8 years, 7 months ago


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