Sidney Wise

Letter to the President


Aston Gardens
Parkland Florida 33076
23 January 2010




To: The President of the United States:


We, the undersigned, all "senior citizens," reside in a senior living facility. We lived through and were affected deeply by the great depression of the 1930's. As a result, we spent our lives being financially cautious. Following World War II, we bought homes that we could afford and rather than live extravagantly, we saved our money in order to be independent in our final years. We are now suffering not because of our actions but because of the profligacy of follow-on generations.

The present government action primarily provides federal funds to the banks and "Wall Street" to help them overcomme their self-generated fiscal problems. We recognize that there is a place for action. Unfortunately, the government's help appears to be primarily for those who have been fiscally reckless while ignoring those of us who have been prudent throughout our lives. Many of us in this second category depend on our savings and the associated bank interest to help finance our remaining days. This is becoming increasingly difficult since the interest rates have decreased to where they are now essentially non-existent. This may be good for the banks but is bad for us.

We hope that the recipients of this letter (the President of the United States, The Secretary of the treasury, and the Chairman of the Federal Reserve Board) will consider this problem and take action to resolve it. We request that all recipients of this letter please reply to GrandpaAB@AOL.com so that we, the undersigned, can determine the extent of your interest in helping those who need and request your help.

Submitted by SIDNEY WISE

Copy to: Secretary of the Treasury
Chairman, Federal Reserve Bank

[List of signees to the Letter not included on Blog]