I watched the news and they are saying that the bill needs to be renegotiated. We need to keep on our representatives in both houses to keep them from redistributing wealth from working American citizens to banks and corporations that have acted irresponsibly.
Rep. Ron Paul provides his view on the failure of the bailout bill right after the vote:
I wrote a letter to my State Representative before and after the vote. If you feel like contacting your representatives, you can do it easily by clicking here and filling in your zip code in the "my elected officials" search box.
Here is the letter I wrote to my State Representative. (He is one of the few Texas Reps that actually voted for it.):
Dear Representative Smith,
I saw how you voted on the Economic Stabilization bill and am surprised. I have differed with your views in the past, but am shocked you voted for this...as is everyone I have spoken with today.
As a constituent, I ask that you stem the socialization of debt & privatization of profit this bill and others like it provide. This is one of the most impacting decisions of our time. Please side with conservatism, responsibility, accountability, free markets, transparency and the American way. Please be a fiscal conservative, please stand up for your constituency, please be a defender of our country's financial interests in the future.
I know you speak to people around you about the issues that face us. As someone who offices in the same complex as you, I speak to a lot of the same people you would. I have not met a single person in your district that supports the way you voted this time. I hope that you continue to speak to the people you represent and that time provides insight that might change your mind regarding this huge redistribution of wealth.Sincerely,Erik Kuykendall
Hope you write Your represenatatives and Senators.