Posts tagged ‘eshoo’

Boxer Response – Better than Eshoo

So today the email response (again, I know it is a stock letter) came from Barbara Boxer. I post this just to be in contrast to the Eshoo letter. While I may not agree with Barbara Boxer on many views, I respect and appreciate her response.

Unlike the Eshoo email, Boxer does not show partisanship in her response. She is respectful and appears to have crafted her response for all constituents. So kudos out to Barbara Boxer. Even though I still am not happy with the bill, I appreciate your respect and consideration.

Dear Mr. and Mrs. xxxxx:

Thank you for contacting me regarding the financial rescue legislation (H.R.1424). I appreciate hearing from you on this critical issue.

The fundamentals of our economy have been shaken, and Americans are deeply concerned. When Secretary Paulson and Chairman Bernanke placed an urgent phone call a few weeks ago to Congress to say we needed emergency action to prevent a major financial meltdown, I expected they would come forward with a plan that was targeted and reasonable, with appropriate oversight and taxpayer protections.

Unfortunately, what they brought us was a $700 billion blank check, which they asked us to sign with no questions asked. This plan contained no oversight, no taxpayer equity, and no control over CEO pay. I strongly opposed this proposal – and thanks to your phone calls, e-mails, and letters, Congress stopped it in its tracks.

The Senate made major improvements designed to strengthen our economy and protect our taxpayers. Instead of a blank check, the Senate plan included significant Congressional oversight, equity for taxpayers, curbs on executive compensation, an increase in FDIC insurance protection for bank depositors, middle-class tax relief, and job-creating tax incentives for renewable energy. The bill passed the Senate by an overwhelmingly bipartisan vote of 74-25 and the House by a vote of 263-171.

These were very important changes. But let me be honest: There were still aspects of this package that I didn’t like. I preferred the government acquiring more equity instead of toxic assets. I wanted the package to be put forward in smaller installments and to include more checks and balances to make sure it would work.

For me, the deciding factor in my Yes vote was information I received from the State of California. I was told by the Treasurer’s office that without access to credit, which is the goal of this legislation, California wouldn’t be able to sell voter-approved highway, school, and water bonds that are desperately needed for our economy and the creation of good-paying new jobs. In addition, I was told by the Governor’s office, that without action, our state might be forced to withhold funds for law enforcement, schools, and other needed services. This would bring our state to its knees and many middle-class families would be in deep trouble. Small businesses are beginning to tell me they cannot get lines of credit to meet payroll, as well.

Rest assured, I will continue to speak out forcefully about the failures that led us to this place and keep working with my colleagues to strengthen confidence in our markets, protect the American taxpayers, and enact regulatory reform to ensure that we don’t end up in this mess again.

Again, thank you for writing to me about this very important matter. Even though you may feel frustrated with the outcome of the legislation that passed, your voice absolutely resulted in the enactment of a better bill. Feel free to contact me again about any issue of importance to you.

Barbara Boxer
United States Senator

October 4, 2008 at 10:17 pm Leave a comment

Hot and Bothered

I know I said I would let Anna Eshoo off the hook for her initial comments about the “cowboy” stuff. But she came back again, stronger this time. I do not appreciate her lack of respect for all her constituents.

Here is what she said . . . (just the highlighted nasty part, the rest was pretty much the same as the first)

Each of us is outraged about the circumstances that have brought our financial system to near collapse. In my view, this is confirmation that the Bush Administration’s economic policies are a complete failure. They’ve practiced “cowboy capitalism”, saying the markets must be allowed to run free, but instead have allowed Wall Street to run wild with no accountability, no transparency and no effective enforcement or regulations to protect the American taxpayer.

And then here is my response, because I could not just let it go.

Frankly I find your blatant disrespect and ignorance as to where blame lies to be reprehensible.
I am new to California and am a registered Republican.
I contacted you as you are still the voice of my area in Congress.
I truly wish you could have found a bipartisan voice in your tone. Bush is not solely responsible for any situation. You all have just as much responsibility and blame and there is plenty of evidence to prove that.
I find your willingness to openly accuse only this administration shows just how petty the party has become. I personally am glad the bill did not pass as written.
I would have respected you and even your decision to support this legislation if you had not resorted to such blatant name calling and obvious disrespect for your constituents that are Republicans.
Last time I checked you represented the whole area not just the Democrats and you owe us that.

So there. Well, at least I took the time to exercise my right to free speech. I know that her political views differ from mine. I get that. But what happened to simple respect. She represents far more that just that simplistic viewpoint and in sending out such a letter – to me – she has offended me and who knows how many others. We all can guess that I would not be voting for her anyway when she is up for re-election but I want to know what happened being polite and respectful.

And last time I checked cowboys were pretty efficient in getting things done and making sure they were sufficiently compensated. So maybe that is not such a bad term 🙂

September 30, 2008 at 11:03 pm Leave a comment

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