Monday, October 6, 2008

Dear Treasury Secretary Paulson,

I am writing from Main Street, so to speak, to let you know that our small business is in need of your assistance. While you've been so exceptionally generous in helping save the asses profits of the big guys, and I guess we will have to see how well that works out, we little guys are suffering too.

Instead of adding to the modest debt we have been working so hard to eliminate (and avoid), I am requesting that you send us a bailout grant of $50,000 $100,000 to recover the costs of all our outstanding accounts receivable. This amount comes from all the people who have not paid us for our products and services rendered, and frankly, I'm using the accounting tricks of the big guys to inflate that amount. What's fair is fair.

Without this expected income we are not able to pay our own bills from the suppliers and possibly won't be able to cover our payroll. It is very concerning that we might have to lay off our employee due to this problem, and that will hurt all of us.

As a small sole proprietorship, if we cannot pay our bills then those we owe can actually try to sue us for our home or other real assets. You surely realize these are much more serious consequence for us than any of the consequences for the CEOs of the failing financial services companies that you've already agreed to help. As far as I can tell, none of them will have their personal assets seized to cover their inability to keep their companies solvent, even if it is their own fault. Clearly, that is very unjust, don't you agree?

The amount we are requesting is such a tiny percentage of your previous "rescue" packages, and as such we believe that this very modest allocation will actually be very immediately effective in relieving our local economy.

However, out of our own benevolence and altruism, we are open to some negotiation. It might be acceptable to us to be absolved from all federal taxes for some period of time, measured in years not months. Please do consider this option. Although it is not really the most helpful for us, it is better than nothing.

I expect to hear from you or your representatives regarding our request as soon as possible.

Thank you.


Rae Ann
Office Manager/Bookkeeper
[edited for privacy] Heating and Air Conditioning
Knoxville, TN

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