What do you think of this bailout plan?? No bailout unless its a total approach?
not one penny of bailout money to be doled out unless the following are done first. 1) Regulations for financial sector, mortgages, and wall street to prevent such a mess from happening again. 2) Resolve the illegal immigration crisis with legislation to seal borders and crack down heavily on employers who hire illegals and a system of verify who is paying into social security and paying taxes to find out who is an illegal or not. 3) Raise taxes for individuals making over $250,000 a year, and cut taxes for those making less 4) Eliminate tax loopholes that allow corporations to avoid paying their taxes and pay what the tax tables say they should pay. 5)Tax breaks for corportations based on how many american workers here at home they hire. The more american citizens they hire here at home the greater the breaks 6) Impose a tax on any goods made in china that effectively raises the prices by 20%. 7) Pass laws that would help reduce the high cost of health care for citizens, encourage students to go into medical field, encourage more clinics and hospitals, etc.. Grants for people who go to med school or nursing school etc.. We also need to do things to increase competition in the pharmaceutical industry and reduce prices. 8) An 21 st century energy policy that plans to make it so that in 15 years or less all cars on american roads will run fossil fuel free. 9) Yes, a bit more drilling for oil in short term in lands already appropriated for that. 10) Make it so that everyone pays into social security no matter what their income is ...but max out the benefits so that anyone making over $75,000 year will not get any more in benefits than that. 11) Start addressing our infrastructure including an electrical grid for the 21st century. 12) We need a firm plan to be out of Iraq and stop spending all that money over there. Its ridiculous to think that we can keep printing money to solve all these problems while ignoring that we are blowing 10 billion a month in Iraq alone. We need a major piece of legislation that forces our law makers to address all these major issues instead of simply a bailout that bails out firms that made bad investments. Then the last piece to be added should be a bailout as long as the regulations are there, reduced pay for executives from now on......no reason for any executive to be paid 100 million dollars in salary while their firms go bankrupt....thats crazy. there should be a law that ties part of the compensation on the firms profits. If the company is doing badly they should not be making all that money. There needs to be an independent agency like the RTC did for the Savings and loan debacle and there must be oversight by congress only. My point here folks is that part of the reason we in a mess economically is because our law makers and presidents have put on on many bad paths...its not just one bad path. The subprime crisis is just one of many things that are ailing our economy and harming ordinary americans. So this is an opportunity to really deal with all or most it...and really put us back on the right track. 13) Pass a mandatory balanced budget law...that allows only deficits where the govt sells bonds to the american people or american owned corporations. NO more of putting ourselves in debt to communist China.
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While I agree with all of that, the problem is, while our partisan imbeciles fight it out, we go under. I say fix the immediate then move on. Furthermore, nothing you have mentioned isn't already being addressed.
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