Way to go again Ann! It's good to see that there are still patriotic Americans out there willing to stand up to whiny libs. They've got so much egg on their faces, they can make omelets to feed the homeless for years to come. The sad part is, they will still find ways to conveniently blame the Bush administration entirely for it without a second thought. Let's hope that we can resolve this mess quickly, we could all use some more omelets.

Ann; once again, you hit the nail on the head. To any person with a pulse, the problems with the financial sector (i.e. housing market - construction decline - therefore, job loss and tax revenue drain) can be linked back to the relaxed criteria on home buyers, precipitated by the Clinton and Barney Frank(ish) policies. The thrust was to dole out "AA" perks (i.e. mortgages) to people who could not otherwise qualify for a mortgage. Much like the left is pushing to elect a person to the White House who does not qualify. With a do-nothing congress in place, and a potential OJT President, we will be in very serious shape. Every move a Democrat makes is for a vote, not for the safety, security and stability of the Country, but for their own job security, and to further ensure that the masses will be provided more entitlements, becoming dependent upon the government for their sustenance, thus reassuring their votes in the future to continue the cycle of dependency - paid for by the sweat of small business owners like myself and thousands more just like me. Ann, keep on keeping on. BTW when will you come out with a book on WMD's (Woeful Misdeeds: Sins of the Left and Democrats)?

With all of the fever about offering the US citizenry an economic stimulus plan; why not take a novel approach to actually doing something that will stimulate both the entire population and the economy at the same time. We are debating a $700B rescue package for Wall Street/Main Street but leaving out the most important piece of the pie. That is, we are not taking care of the primary avenue to recovery. That avenue is the individual citizen - consumer. So, take a portion of the $700B and give it to them directly.
For discussion purposes, let us take 10% of the above capital, or $70B and distribute it to every voting age American citizen in the country. That would be roughly 195M adults or $358,970.00 per person. After taxes of about 35% they would yield about $235,000 each or $470,000 for a couple. This would create a spending spree that would take care of the economy with little or no help from other sources - albeit the other 90% of the above windfall would still go into the economy to shore up all financial institutions.
An average family could pay off their mortgages, their car loans, and even retire their student loans if they still have them. They could pay for their children's' college education. For that matter, each college age student would be receiving the $235,000 as well, so they could pay their own way if they choose. Personal savings would be enhanced and local banks would build the reserves required to make them much more solid institutions. Paying off mortgages would provide massive liquidity to the banking industry and turn a population of debtors into a nation of equity.
Every recipient of this stimulus package should be required to immediately spend at least 25% of their funds, or about $60,000 on American Made products. Every car or truck over 5 years old should be donated for scrap metal and a new vehicle purchased with at least a 50% cash deposit with the remainder of the car being financed by a participating bank that should be rewarded for giving the loan. For those who buy new vehicles, if they purchase hybrids, they will be given a tax break.
In fact, tax breaks, or investment incentives could be applied to many buying choices. For every construction related expenditure, such as renovations, restorations, additions etc., that is $50,000 or more, which can include purchases of appliances, installation of solar panels, or green building upgrades, swimming pools etc., there would also be tax credits. The construction industry would flourish and hundreds of thousands of jobs would be restored and or newly created. Individuals who choose to invest in the markets and place a significant amount of money in a money market fund could be offered matching stock shares by major firms if they put their money in for set periods of time.
So, yes; rescuing the economy is important. However, we should rely on the good sense of the citizenry to spend their monies where best needed for them. Their way of life will change suddenly. They will become savers instead of debtors. The federal government will collect $24.5B in income tax revenue instantaneously. The scrap metal could be recycled for use here in the US. New cars would roll off the assembly line and create jobs and or save jobs. Household improvement expenditures would jump start the entire construction industry and create a massive number of related job opportunities. Extra cash in hand would provide renters with an opportunity to own a home for the first time, to furnish it and to have the funds to educate their children. We would see a change in this country like no politician can ever dream of.
People would be transformed from the ruts of depression rooted in a third generation of welfare societal complacency. People could actually get things done on their own without continued dependency on government entitlements. Money would pour into social security and the fund would be restored and our children and grandchildren can be more secure in knowing we left something for them. We would have money to buy health insurance if we were not so afforded it at work.

Just think, not one person could state that they did not live the best Country on Earth. We would see people all standing up to support this Country in ways unimaginable to the liberal left and to those who suck the wind out of our nation through bitterness, woeful misdeeds and traitorous activities such as the left media, of which the lowest of the low can be slumped together (NYT-MSNBC-ABC-CBS-LA Times - and others).
When this country faced peril in the past, it has never been the politicians that came to the rescue. Nor has it ever been the courage or wisdom of the press (assuming quite a lot to think they have much of either) that has saved us from harm. It has always been the person in the uniform that has been our saviors. By that I mean organized uniform wearing groups, whether it is military, police, fire-fighters, medical professionals and civil service workers across this country. Now we need another organized group of people to join forces - every white/blue/green/red collared individual, and every legal citizen of this country, to join together to rebuild this great land.
I have always found that if you want something done, and you want it done right now: do it yourself and don't ask questions. Just do it. So, if the government wants to spend our money; then give it us and we will spend it where it is needed most. We will build this country back up from the ground, one brick at a time. And, for any politician that cannot get a grip on this concept; vote them out office immediately. Send them home to the unemployment line where they belong.

Unlike you Ann, not a very sexy subject, however you made it humorous. I did find a slight error of omisson. This whole mess started with the first hick president Jimmy Carter. It was during his administration that the Community Reinvestment Act got passed. While it was the "Horny Hick" that really ramped it up I think Jimmy Carter deserves at least an honorable mention.

You forgot to mention that they had to provide financing to illegal aliens too (honest to God, no kidding)! As long as they had a federal identification number, they were eligible for financing. I remember when this occurred and thinking it was a disaster waiting to happen. Just another one of those things that proves how dangerous it is to have a majority of liberals in Congress and one in the Whitehouse.

Of course, we never hear about stuff like this from the mainstream media. The average American has no idea these kind of shenanigans are going on. Thank goodness for folks like Ann who aren't afraid to reveal the truth!

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