fredriggs.com

The American people did not create this problem.

The greedy high paid losers at Freddy, Fanny and the short selling, marginal, leverage deals approved with a total disregard to prudence and fiduciary soundness are now crying for a bailout.

If you as a small business owner screwed up like that, do you expect the government to come to your rescue? Don’t hold your breath!

We have according to the US Census Bureau about 350,000,000 people living in our great country.

Why do we need to pay $700-billion to companies who have already proven their bad decisions can wreck the financial system?

My suggestion is cheaper:

Let the government credit each citizen with $1,000,000 and then take the income tax which would be due and use the money to pay all home, car and credit card loans and send the remainder to each citizen.

Each company that has a sound financial plan should be able to stay in business and meet their financial needs.

Citizens with money left over will be able to create new businesses and hire people that have none.

Let the American people decide who should be bailed out - you can bet there will be no companies with CEO’s getting $90,000,000 paychecks.

Write, call and badger your representatives to wake up and smell the roses!