Comments on: Tuesday Stories: The "T" Word; Stimulus Passes; Bullet Shortage

By: Dan P

Dan P — Wed, 11 Feb 2009 00:14:11 +0000

Here a bailout, there a bailout, everywhere a bailout, BAILOUT. When will it end?
Just about now, everyone’s holding their hand out. The question is… Whose hand do you put the money in?
Automakers, Banks, Investment Firms, Insurance companies, mortgage brokerage houses and the like, all in need of money. Do they all get a bailout? NO!
No More Bailouts!
If you want to fix this problem, choose your steps wisely. Perhaps a little common sense will do. Don’t take money from a struggling taxpayer and give it to a list of failing companies. If you want both to succeed, give the money/incentive to the taxpayer. Save your Stimulus Package. It’s a short term fix for a long term problem. Let’s place the money where it matters and do it in a beneficial way.
It’s really simple… When business slows, you need greater sales.
Greater sales equal Bigger Discounts.
Bigger Discounts come with Coupons.
That’s right, Government Backed Coupons issued to the taxpayer for each of these US Based Companies. What a better way to turn this economy around than with Americans buying American.
Like with any other small business, automakers don’t need money, they need to sell cars. Here are coupon Numbers 1, 2 & 3. After manufacturer and dealer discounts, taxpayers will apply this government coupon, thereby reducing any financed amount.
Teach Americans how to save. Be it with a Bank or Investment Company, so many taxpayers don’t realize the importance of long term investments. Here are a few more coupons. Matching Government funds, up to a certain amount, on long term products, is a positive way to set Americans off in the right direction. Perhaps one day you’ll call it Social Security Reform.
Did I hear something about a downturn in the housing market? STOP the Foreclosures!
Effective immediately, Subprime Mortgages are OUT. If you hold such a mortgage, it will be rewritten as a 30 year fixed rate mortgage, at today’s rates. That’s right; every delinquent taxpayer becomes current, in receipt of this new mortgage. There’s NO coupon here. This is where the institutions take their lumps for issuing mortgages that should never have been written. This isn’t a Free Ride for the taxpayer. They must remain current, moving forward, until the new mortgage is in place. The past due principal amount and minimal fees will be added to the new mortgage.
Yes it’s simple and yes it needs fine tuning… but it could work.
Dan

By: Bert

Bert — Tue, 10 Feb 2009 23:15:23 +0000

People who have not had bad things happen to them, don’t believe it can happen. When something bad happens to someone, they generally learn from it. Our Senators and Congressmen are a pretty insulated class — both from an economic standpoint and from one of personal security. So they do not learn. The average technician in my shop understands that if you borrow more than you can pay back, you’ll have problems. If you spend more than you can earn or borrow, you go to jail. Our legislators will never understand this. And that is why the stimulus in its current form will never work. Only when the average person who has sweated paying bills and putting food on the table gets a sense that they are again in control of their finances, will things turn around. Buiding roads and bridges will never do it. Using permanent tax cuts to let folks keep their own money to straighten up their own finances, will do the trick. Unfortunately we are led by unaccountable morons who are preparing to perpetuate themselves with changes in census bureau reporting and funneling $ 4.5 billion to community organizations (ACORN). Time to fly the Gadsden flag on April 1.

By: Frustrated to the TRILLinth Degree

Frustrated to the TRILLinth Degree — Tue, 10 Feb 2009 21:20:26 +0000

Very well put “Listening in Texas”… couldn’t have said it any better myself. Socialism and or stimulating intervention by the government has never worked. In history STIMULUS HAS NEVER STIMULATED ANYTHING… just a couple facts: The Dow was at $343.45 on July 1, 1929; had spiraled down $42.84 by April 1, 1932 and did not get back to it pre-depression level ($343.45) until June 1954… wow 22 years later; how stimulating that was!! The Japan Nikkei225 was at $38,916 on December 31, 1989… yesterday’s close for that index $7,945.94 … 19 years later still down 79.58% and probably will never recover (in my lifetime anyway)!

Are these idiots operating with the philosophy of hopefully “third time is the charm”? Give me a break!!

By: Listening in Texas

Listening in Texas — Tue, 10 Feb 2009 20:04:29 +0000

Look out; here comes 5,500 on the stock markets and even less! The more Obama talks; the lower the number. The more he spends, the less jobs that are available. Thus, the lower the number. The more the US government spends, the less foreign countries will invest in THIS country.

What is this nonsense of “BUY AMERICAN ONLY” in the bill; talk about creating UNINTENDED consequesnces! Obviously NOT a historian on what got the US involved in WWII. We CUT OFF JAPAN and practiced ISOLATIONISM! They bombed us out of despiration. Don’t any of these politician READ ANY HISTORY!! WOW!!

Look what Japan tried; they still have not recovered. Spend OUT of the recession. IT DOESN’T WORK! NEVER HAS … NEVER WILL.

I know we are dealing with Dems here; but at one point someone thought they had a brain — what is it… that they were blessed with two brains, one got lost and the other went out to look for it? The incredable amount of stupidity going on here is not even comprehendable!

LET THE RECALL ELECTIONS BEGIN — DON’T wait for TWO years for these CLOWNS!! Get some out now to have some form of check and balance in place!

Those of you who VOTED for the Dems; you may have changed your minds by now… especially now that you see what is REALLY coming from OB.