An open letter to President Obama (Part 10 of my response to State of Union Speech 1-24-12)

Leader Cantor On CNN Responding To President Obama’s State of the Union Address

Uploaded by  on Jan 25, 2012

President Obama’s state of the union speech Jan 24, 2012

Barack Obama  (Photo by Saul Loeb-Pool/Getty Images)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The Heritage Foundation website (www.heritage.org ) has lots of good articles and one that caught my attention was concerning your State of Union Speech on January 24, 2012 and here is a short portion of that article:

When is enough, enough? – Joe Luppino-Esposito

President Obama says that he wants even more fraud laws and penalties on the books for financial institutions.  Even putting aside all the new crimes in Dodd-Frank, there are already numerous laws prohibiting fraud on the federal books.  Indeed, back in 1999 Professor Ellen Podgor counted 92 uses of some form of the word “fraud” in federal criminal law!  As Paul Larkin has noted, Congress continues to pile on criminal laws regarding fraud, going as far as to propose that there should be an additional fraud law just for maple syrup.  Former Attorney General Ed Meese noted this in his Congressional testimony last month, asking “Will we, as a society, not be taken seriously about fighting fraud unless we double, triple, and quadruple the number of iterations of this crime?”

For Obama, the answer is a resounding, albeit ridiculous, “Yes.”

__________________________

More laws on the bank industry is not the answer.

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your committment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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