Grover Norquist of Americans for Tax Reform has written a letter to Congress opposing the bank bailout. Here are a couple of excerpts:
“The bailout plan creates a horrible public policy precedent. How is the government supposed to say, “no” to the next ailing industry that comes to Washington with its hand out? Over time, the government’s calming of Schumpeter’s creative gales will result in a poorer America more dependent on the state. For all these reasons, you should oppose the bailout plan.”
“Congressional Democrats are seeking to use the opportunity of this bailout bill to reward their friends in labor unions and left wing political activism. Less than ninety days ago, Congress gave billions of dollars to ACORN. Congressional Democrats were able to funnel money to left-wing organizers like ACORN as a condition of passing the Fannie Mae/Freddie Mac bailout. President Bush cannot make that same mistake twice. He should commit to veto any package which gives greater resources to groups such as ACORN.”
And here is a link to the whole thing. Give ’em hell, Grover.