Bailout Signed into Law - Politics, dirty tricks.

I really just want to hear some people’s opinions on my proposition.  Critique positively or negatively as you may.

People listed in the ‘yea’ columns need to lose their jobs next election.

Congressmen

Senators

I am generally not really into politics, but this bill has infuriated me.  I have seen lots of polls online about the number of Americans against this bailout, numbers range from 62% -> 80+%.  So many people against it, but we are doing it anyways [1, 2, 3, 4].  Not only are so many people against it, but it was shot down by the House only to be crammed back down the throats of the American people three days later with $100,000,000,000 in pork attached to it.

America, Uncle Sam, this is goddamn ridiculous.  We are treating our currency and the Federal Reserve like a whore, we continue to put out and put out and just ruin the value of our currency and what America stands for.

We aren’t talking about $700b dollars here, we are talking about $700,000,000,000 dollars, one obviously has more impact.  $700,000,000,000 dollars, that is $3,300 per American, if you count all of the children, it is estimated at $5,000 to $9,000 if you don’t.

My favorite part is that this is the ‘only solution.’  Some politicians and a majority of citizens believe it will only do more harm to our failing economy, and does not address the true problems.

So what do you do when their is nothing you can do.  American’s yelled, we wrote congress, the senate, state representatives and we were ignored.  What’s the point of having a vote if it doesn’t get counted.

What is the point of all of this?  I was thinking, if this money ‘has to’ be put into the economy at the expense of American tax payers, why not offer an optional solution that could benefit the people as well, and still help the economy.

The first thing to do is calculate the cost to a household.  Since this is going to be costing tax payers for generations to come, count your children.  I’ll use my wife and I for the example.  Two of us, no kids, at $3,300 dollars each comes to $6,600.  Instead of our $6,600 going to people who have already poorly invested the money given to them, give the $6,600 to us.  We are going to pay for it in the long run.  Think of it as an interest free loan from yourself.

If the US ‘has to’ print/borrow this money and pump it back into the economy, give it to the people, with restrictions of course.  Each household would receive one of the following investment packages based on personal preference or financial situation.

* Mortage Assistance - If you have a mortgage that is not ‘toxic’ your contribution to the economy (number of people in your household times $3,300) is applied directly to your mortgage.  Banks that were less risky and were not shuffling toxic debt around will receive a vast amount of funds, banks that were irresponsible with their lending would receive less funds.  Either way, homeowners will be X amount of dollars closer to paying off their home.

* Stock Investment - If you have a toxic mortgage or are not a home owner, you would have the ability to select from pre-packaged stock investments.  These investments would be packages with low, medium or high levels of risk depending on your personal choice.  The packages would consist of the banks in trouble as well as other stocks to balance out risk.  Again, as a household you would get X amount of dollars to invest in the market.  The DOW would start to recuperate, the stock market would get billions of dollars pumped into it, and the American people would have the potential to even make profit off of their interest free loan.

* Retirement - If you already own your home, or don’t have a mortgage and are not fond of the stock market, the third option would be to have your contribution added to your 401k or IRA.  Just like the stock market option this money would begin to be dispersed into corporations and banks via money market accounts or stocks that are backing the retirement package.  It would also offer citizens concerned about their retirement some additional security.

There are obviously details that would have to be worked out for this to work, but there are details that have to be worked out for giving $700,000,000,000 to a group of people that irresponsibly destroyed the US economy for their own benefit.

The bill has already been passed, but it may not be too late to find a better way to invest the money into America’s failing economy without it being a complete burden on the tax payer.  If you found any logic in this, please write the Congress, the Senate and your State Representatives and say, “We don’t agree with the bailout, but if we have to do it, let’s try to do it right, honesty and fair.”  Three things that haven’t been done in a long time.