Open Letter Regarding Stimulus Package and the effects

The Honorable George W. Bush President of the United States

Dear Mr. President,

It's with respect for the office of the presidency, I write this letter. I believe, as well as many others who are in the same opinion, that the stimulus package you propose who a couple of days ago would put the nation in debt without any sizeable contribution to growth to keep us out of recession.

It makes no sense to put us in debt, without creating a real stimulus package to put people to work, and grow the economy.

We have far too much debt, that this may create pandemonium throughout the world's economies. In order for the United States on the growth mode is to provide real teeth in an economic stimulus package is to create real Jobs. To point out a few examples of this;

1. Americans are losing good paying jobs to foreign countries, as of such, why not put before congress a tax rebate or credit that rewards U.S. taxpayers for buying products that are made up at least 51% that are produced here in the United States.

2. Energy efficiency should be rewarded to taxpayers in the form of a credit or rebate as a stimulus to reduce our dependency on foreign oil.

3. Credit those automakers that Increase the Standards for fuel efficiency vehicles, increasing mileage per gallon, thus reducing fuel consumption, as well as tax credit or rebate those taxpayers who purchase energy efficient cars and trucks.

4. Credit energy companies for Research and develop crude oil and natural gas here in the United States as well as explore other fuel alternatives to shake us from foreign oil interest.

5. Increase the Conforming Loan Limits in states like California, which exceed the average median home prices that of states like Alaska, Hawaii, and the Virgin Islands. It makes no sense to why Mr. Lochard is refusing to acknowledge that California is a high cost state.

The conforming loan limit for FannieMae and FreddieMac is set at $417,000. California median price has been more than $500,000. Most of the lenders that have been affected by the so called credit crunch, subprime debacle really stems from actions by the Federal Reserve acting to slow in adjusting the fed funds rate, hanging out to dry many lending institutions, such as countrywide for example.

Now that the federal reserve has lowered the Fed Funds and Discount rate by .75 basis points, the only thing stopping the economy from moving foreword is the raising of the Conforming Loan Limits. This should get the country back on the positive track.

I am forwarding this letter to the Federal Reserve Chairman, as well a few Congressional leaders as well as a few key senators. I thank you in advance.

Very truly yours,

Carlos R. Arvizu Sr.

TheDon1950@aol.com