How to: bail out the american economy..

[endarkenment]

The failed Bush regime has spent the first half of the 700B bailout fund and gotten nothing in return. The economic situation continues to deteriorate. On the other hand Wall Street Billionaires got their Retention Compensation, their precious investment houses didn't go belly up, and they all got to keep their fancy lifestyles, except the ones who were all in with Bernie.

So now the second half of the 700B is coming up and Wall Street wants them some more of that pie. No. Fuck No. They've gotten more than enough.

The politicians keep talking about helping Main Street while lining the pockets of Wall Street. Enough is enough. Here is one suggestion for how to go about bailing out our real economy, the one that employs real working families. Take that 350B and start cutting purchase orders for stuff produced by companies that manufacture goods and services right here in the USA. Take that stuff when it is delivered and either put it to good use or put it in a warehouse and forget about it. Repeat as needed. Call that Plan A.

Meanwhile, instead of another tax rebate or quick fix roads and bridges busy work, while keeping people working through Plan A, organize a crash project to build a 21st century national energy grid, to seed large scale renewable energy generation projects (wind solar geothermal tidal) that would plug into the national grid, subsidize local municipal and individual renewable power generation investments to augment large scale projects, all with a long term goal of generating most or all of our electrical power from renewable sources. Call that Plan B.

We do need a bail out of the financial system, but it is not the wall street billionaires who need to be bailed out, it is the main street families that have lost 50% of the value of their 401Ks and other individual pension plan assets that need bailing out. Plan C: bailout the 401Ks. Put a marker back in time, to say July of 2008 and compensate all individual pension plans with treasury bills equivalent in value to losses incurred since that date and the date of enactment of Plan C.

[PM Martin]

1. K/R

I would prefer a marker back in time to early 2001.

[closeupready]

2. Makes a hell of a lot more sense than giving it to banks that wink that they'll start lending if you

bail them out, and then instead of lending, buy other banks to reduce competitive pressures, give out executive bonuses and otherwise sit on that bailout money.

[Swamp Rat]

3. Confiscate the assets/bank accounts of CEOs and all those who benefitted from the rape of America

[endarkenment]

4. works for me