Monday, October 06, 2008

Marion Thorpe, MD, Congressional Opponent of Alcee Hastings, Derides the Bailout

Exclusive Statement by Marion Thorpe, Congressional Candidate for FL-23 to MythDebunker

Late last week, members of both parties saw fit to set aside $700 billion to bailout banks and other financial institutions that had acted recklessly. To be sure, some of their actions were caused by improper interference on the part of the government to begin with, prompting them to issue reckless loans that in the end did nothing to help people save money nor accumulate wealth. Categorically, the banks that are now in trouble far exceeded their mandate and, as such, their problems are in large part of their own making.

As an active Republican within the African-American Community, I have often preached the need for (and benefits of) personal responsibility. My message has been simple and straightforward: Self-reliance is the duty and birthright of every American. As such, I am shocked and dismayed by the wholesale bailout of financial institutions that have not placed this basic tenet above of their own survival.

Throughout America, there are many individuals and small businesses that have enjoyed far less privilege than those entities that will benefit most from this bailout. If the government, Democrats and Republicans alike, are so enthralled with the notion of bailing out faulty corporations at any cost, perhaps they should start with small businesses that are the bedrock of jobs, and often of family life, in our nation.

While the Republican additions to the initial legislation provided at least some benefit to the middle class, and are a great improvement over the original proposal, the entire philosophy behind the bailout is flimsy and highly unlikely to produce substantive outcomes. Most importantly, we must ask ourselves what this action will teach our children.

The answer is easy to deduce, as follows: The message that this bailout sends to our youth indicates that personal responsibility no longer matters. I am profoundly disappointed that my opponent, the Honorable Alcee Hastings, who has claimed to represent the interests of his constituents since first being elected in 1992, is a strong proponent of the bailout, including the original Democratic bill which was full of insidious measures that helped large corporations but did nothing for the middle class.

The people of US Congressional District 23 need a clear signal that our government will heretofore facilitate conditions that promote the success and independence of hard working families, not bail out large banks that make bad decisions. While the Democratic proposal was shocking, and Republican support for it constitutes an unfortunate act of folly, Mr. Hastings’ support of both bills is unfathomable.

Having immersed myself in District 23 for the last 5 years, I know the real struggles facing our community. For this reason, I highly support and promote personal responsibility as the soundest method of correcting the multiple deficits of our community. You have my word that my Congressional vote will be cast in a manner that helps small family businesses in the district survive during tough times while simultaneously ensuring that my people thrive in all parts of US Congressional District 23.

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