Here's what they need to do...sm
Posted By: ms on 2008-09-25
In Reply to: Do either of the candidates have a plan - still undecided
1. Get rid of the mark to market rule, that snowballed this mess.
That will take care of itself, and right the markets.
Simple as that.
2. They need to cut taxes, to increase revenue and put money back into the economy.
That will raise their 700 billion.
3. If anyone is taxed for this, you have to remember, what is wrong with the $10,000 per household, that we keep hearing about?
Anyone?
Answer: 5% of the population, who are the wealthiest, still pay 90% of the taxes.
40% of the rest of us (or whatever the number is, I'm not sure), don't pay ANY taxes at all.
So........
4. They need to stop calling this a "bailout." Everyone stop calling it that. It's an investment in these companies. They are going to pay them 20 or 30 cents on the dollar for all this bad paper, and in a few years....guess what? It'll be worth something again.
What I hope is that there is an accounting for where this money goes, and all the returns that they get for this money, and the returns need to also go back to the people. Period. End of story.
I only hope McCain listened to Romney. I would have loved to have been in that room, and heard what was said....and see what McCain took home from it.
Okay, off my soapbox now.
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