Well it means no vote on a new plan until after Columbus Day, I suspect. We're waiting to see our quarterly 401k report to see if any of this is really directly affecting us.
I don't think the original Paulson plan was a good idea. I do think they need to put back in all the breakers and failsafes and oversight that used to be in place from the New Deal. I also believe that if the economy is at such a high risk, we'd be better off taking half that 700B and putting it into a national Infrastructure and public works project.
700 Billion is a lot of money. A better investment would be to give every single taxpayer a million dollar check with the strings attached that they must pay off outstanding debt from it, period. It would cost less, clear the books for the majority of American debt and end the 'worthless state' of all that corporate paper (except that which was purely built by corporate games and not actual people getting mortgages).
no subject
I don't think the original Paulson plan was a good idea. I do think they need to put back in all the breakers and failsafes and oversight that used to be in place from the New Deal. I also believe that if the economy is at such a high risk, we'd be better off taking half that 700B and putting it into a national Infrastructure and public works project.
700 Billion is a lot of money. A better investment would be to give every single taxpayer a million dollar check with the strings attached that they must pay off outstanding debt from it, period. It would cost less, clear the books for the majority of American debt and end the 'worthless state' of all that corporate paper (except that which was purely built by corporate games and not actual people getting mortgages).