Which is more risky; 700 billion with no oversight to government or $25,000 to each adult in the country?

No accountability for the 700 billion bail out money. No one knows who has received how much and what is being done with the money already given. Is this any way to run a government? Of course it is when we are talking about the United States of America.

There will, no doubt, be some bail out for the GM, Ford and Chrysler. They will be handed the billions of dollars needed to appease the UAW and keep the multitudes of high salaried top officials happy. Meanwhile, where is the bail out for all the small businesses in America? Where is the bail out for the beleaguered families unable to make ends meet?

These crooks who parade around the halls of various official looking buildings in Washington should all be hauled before tribunals and sentenced to life in prison for high crimes and misdemeanors against the American people they swore to serve. These people serve no one but themselves and the influential power brokers who tell them how to vote and who to give away money to next.

The corruption in Washington has reached epidemic proportions and has nothing to do with which political party a person belongs to. The vast majority of all Congressmen and women are pawns in the big game being played out by the groups who control the affairs of this nation.

California is burning and no one cares. Texas and Louisiana were steamrolled by Hurricanes Ike and Gustov and no one cared. FEMA is out of money along with the Red Cross and most charities. The only ones with any money are the big banks who just keep getting more and more “loans” from the Treasury and Federal Reserve.

I am tired and I am angry. I have tried to help people in distress and find resources for those in need for a long time. There is no one around to help for all their resources are being spent to stay afloat themselves. The money situation is way past the crisis point in this country. It is at the “there’s no way out” point.

How can those entrusted with the oversight of 700 billion dollars not have a clue where the money is going and how it is being spent? This to me should qualify as illegal or at least grounds for an investigation. But no, we must find billions more to throw at the tired old automobile giants who should have changed their ways years ago. We must throw more and more money at situations which need to resolve on their own.

If the government gave a hoot about us, they would allow us to withdraw one time from our 401K plans and IRAs without the atrocious penalties normally incurred. Sure talk of this surfaced awhile back and then vanished. Many of us will have to pay the penalty soon for we have no other source of money but our retirement accounts.

If the government simply gave every American family $50,000 with no strings attached what would happen? How could whatever would happen be any worse than giving banks hundreds of billions of dollars with no oversight? What would people do with that kind of money anyway?

Most of us would immediately pay off debts. Guess where that money would go? TO THE BANKS. Next up we would pay down on our mortgages. Guess where that money would go? TO THE BANKS AND MORTGAGE HOLDERS. Some of course would spend the money on big screen televisions and computers and furniture, etc. All of a sudden the retailers would make money again.

But this solution is to simplistic for the morons who run this country. To simply give the people the money is irresponsible for they cannot be trusted. Since when can a politician be trusted, especially with money? The government’s response to this whole fabricated financial mess has been convoluted and irrational. But what do you expect from a body of people whose only mission is to make themselves and their cronies rich.

I say give every citizen of the United States over 18 years of age a check for $25,000 with ZERO tax liabilities and no strings attached. Sure it would cost a bundle of money, but nowhere near the 5-10 trillion dollars flushed down the rat holes of the banking and other financial businesses.

Watch would happen to the United States economy within a month if everyone suddenly had $25,000 to work with. Some would invest it, some would spend it, some would save it and many would use it to pay off debts. Regardless, it would be used in a way to stimulate the economy and stabilize not only the financial markets but thousands of household’s budgets.

Of course my plan is only in my dreams and will never happen. Oh well, it was a nice dream for awhile.

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  1. We shouldn’t have to bailout the “Big 3″, but I believe it will be a necessity. But there need to be changes and conditions met before he money is dispensed. A few of my suggestions are:

    1. The union workers would need to agree to reduced wages for a predetermined amount of time (maybe partial reimbursement in stock so that workers will be “paid” for their efforts when/if stock becomes more solid).

    2. No dividends payout for a predetermined amount of time (so that decisions can be made in the best interest of the comany, not the shareholders’ profit).

    3. Reduce CEO/Executive salaries to a base of $1m (with tough performance bonus objectives), limit on expense account spending. If the union workers are required to renegotiate their contracts, then the same should be expected of the CEOs and other executives. It should be understood that golden parachutes and other “extras” will not be paid out if they leave (termination or voluntarily) within a predetermined timeframe. If they quit, they don’t benefit.

    4. Require that each recipient provide an outline of where and how the money will be utilized (a business plan.. what a concept!).

    5. Each CEO that accepts bailout money should be held personally accountable for Sarbanes-Oxley-type review of the funds being disbursed per the business plan they submitted when asking for funds. I would also like to see each CEO put up a “collateral” (personal guarantee) such as lien on home(s) or bank accounts or stock portfolio, that can be seized by the government in the event the money is used fradulently or cavalierly.

    Granted, these are rough examples of what can be done, but I hold myself accountable and I expect these executioves to be held to the same standards of ethical behavior.


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