Steamboat Springs Sen. Michael Bennet:
I am opposed to the omnibus budget bill that was delayed from last year by Speaker of the House Nancy Pelosi primarily because she thought it would be easier to pass after more Democrats won re-election. Nothing but unadulterated partisan politics here.
The subject bill is filled with earmarks and pork, as well as an 8-plus percent increase in spending. Senator, that sizeable increase is unjustified in these economic times. Way above the rate of inflation. My income has not increased by that percentage. In fact, I am having to reduce expenditures due to the economic uncertainty caused primarily by the continual negative campaigning by President Barack Obama and influential people on the White House staff.
Have you noticed, senator, that the stock market has fallen some 53 percent - the majority since it became apparent that Obama would be elected, and 19 percent since January. Until the banking system and house prices stabilize, the market will continue to fall. The further it falls, the longer it will take to recover. Even as it is, it will take at least five years for the banking system to rebuild its net worth. There will be no significant recovery until the banking system recovers.
Next year's federal budget is an unmitigated disaster. Not much there to increase jobs. The same with the stimulus bill.
It is obvious to me that Obama and his financial advisors are out of touch with the average person. They don't understand consumer confidence and sentiment. Have you noticed that every time Tim Geithner speaks, the stock market craters? Do you think that is just happenstance? Or does the general public know bull when they hear it. As a new senator, have you wondered why the public's confidence in Congress is at an all-time low? Clearly Congress needs to wake up and listen to the American people. It is not beyond reason that there will be a tax revolt in this country, and we should expect a lot more cheating on people's income taxes since we found out that some six people tapped for key positions in the Obama administration are tax cheats. Perhaps you should spend some time thinking about what message is sent to the public when the Senate approves a tax cheat to be the Treasury Secretary.
Do your duty, senator, and cut the omnibus budget bill back to the level of expenditures in the previous budget with a continuing resolution for the balance of this budget year.
John C. Doolittle