So I haven't written in a while because that funny thing called life keeps getting in the way. Since I wrote last we have had a million different campaign revisions, insults and mudslinging. Way too many to address. What I want to talk about today is our fun little congressional bail out plan.
The president wants congress to approve a massive 700 billion plan to have the treasury secretary buy up all the debt caused by banks giving out and investing in bad mortgages. I would just like to ask a couple of questions about this massive expense to my tax money.
1. why in the world would we give a guy who was not elected by me or you the power and control of 700 billion dollars. Luckily the government moves slow and congress is fighting over this point, we need someone like warren buffet or another financial guru who has not lost money in times of economic turmoil to monitor and report back to the people what is going on. I will gladly take a small trouncing over the next week on my IRA to ensure the executive branch does not get full control of this money
2. If we buy up all this debt we better not pay full price. These company's are coming to the govt. in trouble and there is no reason we should be paying the full price for anything. Its time for the govt. and our 9 trillion dollar debt to start making some money. If we buy foreclosure homes or homes going into foreclosure that are the primary residence it should cost 25 cents on the dollar and then we need to go to the home owner and offer a flat rate mortgage for 50 or 75 cents on the dollar. This will allow the retards who cant pay bills on time and the people who may have lost their jobs to remortgage their homes at a price they can afford. I hate this crap, my wife and I have struggled to keep it going at times but my house is always paid for and my bills are very rarely late, usually due to forgetfulness, and we sacrifice at times to do this. But now I have to make sure everyone in America gets help from the govt. when I will get none.
3. I hate govt. control but it should be common sense that if your company is failing and you are at the helm you do not take more money out of the company. In order to save your company and in order to keep your reputation all CEO's that are getting bailed out should leave the golden parachute alone and if it was me, I would cut my salary to $1 a year until this is over. If you are smart enough to become a CEO you should be smart enough to live without that million dollar or more salary for a year. On wall street we have lost the thought process of we need our company to survive in order for a CEO to get hired again, and this is the down fall of our corparations. When a CEO knows that he/she will get paid to leave and picked up by another company for the same or more salary, why do a great job ?
Ok now I have a bailout plan that will save the tax payer billions and fix the economy in a heart beat. Instead of buying up this debt for 700 billion lets write up a bill to send out a million each to the people of the US and we will spend it better than the politicians will. Rules will have to be enacted that state if you get a million dollars you can not declare bankruptcy within 10 years but imagine how much of that bad debt will go away and the banks will be full of capital. I know I would pay off my house and probably by the house down the street that I kind of like. This will end up costing 30 billion instead of 700.
Thats my plan and I'm sticking to it

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