At the end of January before the vote on the "stimulus" bill, I decided to write to my senators and the President. I knew it was probably futile, but I had to let them know there were some people who did not want them to "bail out" the economy with billions of dollars that had absolutely no chance of actually stimulating the economy.
Yesterday I got my response from our senior senator Ron Wyden, and I thought I'd share it here for those who might be interested. (I can't believe it took him six weeks to email this canned response! At least he did reply though. Our junior senator Jeff Merkley has not done so as of yet.)
Thank you for contacting me about the state of our economy. I appreciate hearing from you on this important issue.
The American Recovery and Reinvestment Act (ARRA) of 2009, H.R. 1, is a well-targeted stimulus bill designed to halt the economy's slide. It includes investments like Build America Bonds, a major transportation infrastructure initiative I have championed for years, which has the potential to create millions of jobs, generate billions in economic activity and save thousands of lives by improving transportation safety. It also includes the Making Work Pay Tax Credit, which gives 95 percent of workers a tax credit worth up to $400 per person, or $800 per working family, and $250 for many seniors and retired or disabled veterans. In addition, small businesses will be able to more easily secure financing through the Small Business Administration's 7(a) loan guarantee program because this legislation eliminates 7(a) fees and increases the amount that the SBA guarantees. The ARRA also looks to the future by protecting over 300,000 Oregonians from the crushing alternative minimum tax, helping economically distressed homeowners and putting our schools on a better foundation.
Ron Wyden United States Senator