Congressional Threat to Every Investor, Business Owner and Citizen

Sunday, May 20, 2012
By Paul Martin

David Kotok
ZeroHedge.com
05/19/2012

Latest comment from David Kotok at Cumberland Advisors deserves your attention. — Chris

May 19, 2012

This is an open letter in response to legislation recently passed in the US House of Representatives. The behavior of Representative Harold Rogers, Chairman of the House Appropriations Committee, has made the front page of The New York Times, describing the $17,000 drip pan for Black Hawk helicopters that is earmarked for his district in Kentucky.

The US House of Representatives, that includes his leadership, has passed Bill H.R. 5326. This legislation decimates the statistical agencies that support the entire fabric of business investment, policy-making, and decision-making in the United States.

This action speaks volumes concerning the failure in Congressional accountability to review this legislation thoroughly and the abysmal behavior of Congressional leadership to permit it to pass. This threatens the economic recovery and long-term growth trend of the United States.

Below is a copy of a letter sent to the membership of the National Association for Business Economics (NABE). It recounts the important elements of the legislation that must be opposed. It also gives the appropriate number and reference in the US Senate version. It contains sample text which citizens can use to send letters, emails or telephone calls when it comes to lobbying on their behalf.

The Rest…HERE

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