Fastening, Joining & Assembly

Let the consumer drive the bailout results by placing the $$ on the taxpayer hands and not those who refuse to be accountable for their actions i.e. Wallstreet, banks and automaker execs. Following are some recommendations I would present to Congress. THESE ARE VERY VIABLE / REAL ALTERNATIVES.

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Put the $$$ in the hands of the individual taxpayer, allowing them to decide how to jump start the economy. That will inmediately fire-up the economy where need be.

The individual taxpayer will elect to bailout (or not), will invest in new business (or not) and will decide which banks and business will best fit /balance the economic engine. (i.e. the consumer will decide which car to buy , what company to invest on and where to bank)

As a taxpayer,we are saddled with the bailout expense for generations to come. Yet, there is no direct-immediate benefit despite a projected US$4 M per taxpayer as a result of the payback required for principal and interests of US$700B(and rising).

Here is an example of what this taxpayer would do:

Use the $$ to pay back feds with an interest rate of 1.5%, allowing me to accelerate the pay-back money and invest the rest to responsibly pay for my kids education and healthcare. Additionally I could invest part of the $$$$ to hire help to help them care for their elderly or help them support their families. THIS WILL BE IMMEDIATE, WITHOUT PAYING BONUSES TO THE UNDESERVED BANK-AUTOMAKER EXCES AND OTHERS. THE MONEY GOES DIRECT TO THE ECONOMY AND NOT THOSE WHO ARE RESPONSIBLE FOR 50% (IF NOT MORE) OF THE MESS(THE OTHER 50% BELONGS TO THE IRRESPONSIBLE TAX PAYER WHO GOT HIM/HERSELF IN A BIND FOR LIVING OUTSIDE OF THEIR MEANS BY TAKING ON LOANS THEY COULD NOT AFFORD IN THE 1ST PLACE).

Just an opinion worth considering. If you believe so, please forward this message to the people you selected to represent your interest in the US Congress and Exec Administration as well as your State Reps and Governor.

Let the tax payer level the playing field. We are not that naive.

dc8forever@yahoo.com

Let the consumer drive the bailout results by placing the $$ on the taxpayer hands and not those who refuse to be accountable for their actions...

And where is the money going to come from? If, as usually the way the government does it is by throwing money out of helicoptors will just prepetuate the mess we're in. If they "give" the money directly to those deemed "too big to fail" or "give" it to the taxpayers the net effect is that the national debt and deficit will go up at an ever increasing rate and the dollars they "gave" us will be worth less (because they simply printed money thus devaluing every dollar in circulation).

To get money moving it would be better to cut taxes (or better, suspend payroll taxes for two or three months as been proposed by some) which would instantly put more dollars in the hands of consumers. Those opposed to this idea will say that the government can't "afford" it. It is long past the time where the government has to realize that it has nothing other than what it takes from the tax payer. Government spending and programs need to be pared to a bare minimum. The only government spending that should remain the same or increase it that for national defense - all other spending be it for social programs or entitlements should either be frozen or cut.

Congress did not enact payroll deduction as a service or convience for the people. Congress knew exactly what it was doing. When the money deducted for taxes is never seen, to Johny Lunch Bucket that money never existed and isn't real. This allowed them to almost tax at will and the masses are greatful for what the government allowes them to keep. Many are fearful to let the unwashed masses see how large their checks really are before taxes are skimmed off. I would love to see payroll deduction come to an end and for people to have to pay their taxes when they get their checks. There would be a revolt. If they had to pay their taxes quarterly there would be a revolution come the first quarter when most would not have the money to pay.

Money in the hands of the people and not in the hands of the government is a good thing. Sadly we are going in the exact opposite direction with the prospect of the government gaining ownership of some companies.

Years ago some "smart person" declared that the US was moving toward a "service" economy and no longer needed industry. What an idiot.... without industry (specifficaly heavy industry) you will not have an economy to service. We should not be bailing out the formerly big three but the conditions where they and other heavy industry can grow and prosper need to be instituted. The road we are going down will not get industry back on it's feet without turning this country into a socialist nation (which seems to be happening more and more every month).

Travis
USSA

It's a growing trend. Since we pulled ourselves out of the Great Depression Goverment set up guidelines, rules and regulations to insure that sort of disaster dosen't happen again and yet here we are at National Financial's disaster's door step once again. We all have 20-20 hind sight. We now realize the rule changes we made in the last decade or so were a little reckless in the name of making an easy buck. We never steped back and looked at the house of cards the financial sector built, and thoes that did were chastized for it. So what are we asking our selves now. Should Goverment in a capitalist society step in and have a controling intrest in these failing businesses ? My vote is no. We all know the consequences of bad business and now these American car companies must face the truth and realize the recklessness of their short term actions. Unions must face the same realities. If they were truly looking out for the worker they would have insisted the companies operate more cost effectivly and realized their part in reducing the cost. I see it this way. There are still car companies out there still making a profit, building the cars people want and can afford. With GM & Chrysler (round 2 for Chrysler bailout) out of the picture thoes other car companies will have to ramp up production to fill the increase in orders . Suppliers hurt by the closing of GM and Chrysler should look to the existing car companies and negotiate contracts to fill the new orders due to their ramp up of production to stay in busisness. Goverment could help by assisting workers in these shuttered plants by relocating them to the areas these sucessfull car companies are setup and or offer incentives to these same companies to set up in the failed compainies existing buildings and rehire these workers to build their cars. That way business can govern them selves and stay competative, and the Federal Goverment can stay out of the way of FREE ENTERPRISE. Changing the rules now to suit the failing companies will only mean we will be setting up oursleves to another illusion of the free market system. Building straw bridges and another financial house of cards.

IS JUST POSIBLE THAT PEOPLE REALY HATE THE BIG THREE After watching "Who killed the electric car" documentary after seeing TUCKER and all the 7 mpg cars we had when gas hit 4 a gallon we have had enough of these a#$ w&%#S. they consistently gives us crap show us great concept cars but produce none . i can see a guy with a can of salt and a flash light battery make hydrogen on you tube ( now they have killed you tube also) and i can buy a hydrogen flame welder for jewelry( for the past 20 years) but the big three say it hydrogen power is far off. no electric cars no 200 mpg no vapor technology no more carbs so we cant upgrade our own cars thew Nazis car makers should all die. i feel sorry for those who loose their jobs but where were they when their company's were making junk did they speak up or just cash their cheks and go buy beer. where were the unions ? not keeping an eye on the future or demanding new and marketable products thus keeping the lobs they are there to protect! I GOT A GREAT IDEA LET THE OIL COMPANYS BAIL THEM OUT THEY GOT THE MONEY AFTER RAPING US ALL LAST YEAR!

I GOT A GREAT IDEA LET THE OIL COMPANYS BAIL THEM OUT THEY GOT THE MONEY AFTER RAPING US ALL LAST YEAR!

The big oil companies aren't dummies. I read somewhere on this blog where Chevron,Texaco bought the rights and patients to make the batteries we will use in these electric cars and boosted the price to buy one. Apparently it is a Lose Lose situation for the consumer/taxpayer who is harnessed to pull these mammoth losers out of their own dung!