George's Bottom Line

But, our Greatest Leader has no interest in investing just $25 billion in the Auto Industry to save more than 4 million Middle Class, hard labor jobs.

Hey union clowns, try working for $15/hr than maybe youll see the cost of autos come down so i can buy one and save your job. I heard you union boys are making $70 -$80/hr. You should be ok even if the BIG 3 go bankrupt seeing as you i have to work 5 years to make what you do in 1 year. Hope you managed to scrimp and save buddy, lol. Oh and i no you didnt save, eating steaks every night of the week, haha. crash and burn overpaid union employees. Im safe and sound at my measly $15/hr job!

I think instead of a stimulus package he should think about just letting us keep our earned Federal taxes from our pay. Maybe the next three years. The money i would get to keep I would spend. I feel we have lost our trust of our country which is sad.

Time to let GM/Ford/Chrysler go bankrupt, reorganize, and come back without the burden of $74 per hour in wages and benefits. Toyota and Honda do it for about $44 per hour. The UAW is going to have to bite the bullet in order to save jobs and save the companies.

Save jobs. Fire Cox and Paulson and make their buddies give the money back they stole from the taxpaying shareholders who used to be able to cash out a few stocks to buy cars, home improvements, etc. News of firing Cox and Paulson would make the market ROAR!

The unions had nothing to do with how much pay the CEOs received and the waste the CEOs allowed. Unions don't waste money, they save money by bringing legal issues to the fore in one lump class action. This wouldn't be necessary if Bush hadn't eliminated everything protected in civil courts.

Global Impact on the Bailout and Stimulus Package---
Before the globalization of trade, economic and financial problems were limited to individual countries or economies. But with globalization, the United States’ economic problems have trickled globally to other countries. The bailout and stimulus package are suppose to “jolt” the sagging economic troubles that have caused massive unemployment and may take a global “level sought” to adequately contain the economy. A good analogy for the stimulus package is like trying to heat up a house with a lot of holes in it, as you turn up the heat, the house continues to get cold because of the leaking surface. The leaking surface here is the global boundaries, and the outer side of the house is other countries. Hence, as water seeks its level, so will the United States’ economy. Therefore, it may take the economic settling of other countries to put a halt in the United States’ sagging economy because any stimulus to the mainstream or bailout to financial or non-financial institutions quickly leaks or get transferred to other countries in form of globalization. Thus, it may take economic saturation of other countries to bring the United States’ economic and financial problems to a manageable level.

--Dr. Sidney Okolo.

So our children's generation is going to be another 500 billion dollars in debt to China? Great.

Can someone tell these politicians money does not grow on tree, and printing money backed by thin air is going to make the US a 3rd world country in 50 years.

The only way this will work is to further devalue the dollar. Bring on more inflation- potentially hyper-inflation if the rest of the world stops buying our treasury notes.

This is no different than Bush's plan. But since BHO can sell it better, it's all good... until the next generation finds themselves owned by China.

Why do we continue to throw good money (Oops, I meant play money) after bad money? The fact is that the Big 3 have acted just like all "fat", haughty, and arrogant huge corporations continue to act. They refuse to "do the right thing" and build gas-guzzling vehicles because of the huge profit margins. It's always about the bottomline margins. Afterall, the "Execs" gotta get their bonuses (which is more than most people make in a year). So, just keep throwing that play money around and burying the next generation in insurmountable debt. Heck, soon we'll know how much a peso is worth!

"But, our Greatest Leader has no interest in investing just $25 billion in the Auto Industry to save more than 4 million Middle Class, hard labor jobs"..

Actually The 44th President said he wanted to help the auto industry but was surprised that they had come to Congress with no real plan and supported Congressional requests that they formulate a detailed plan before being given any taxpayer money.. seems very sensible to me.

Thank Goodness Team Obama have stepped up to fill the vacume while GW dreams of Texas.. I sleep better at night knowing Mr Obama and his team will soon be running this country. He and Team Obama continue to impress and while he has a huge job ahead of him, he is more than up to the task.

We are observing the paradox of true Leadership - the humble man who leads with the power of his modesty. The man who leads by listening before acting. ...................

http://thefiresidepost.com/2008/11/26/barack-obamas-leadership-paradox/

Before all Americans pass judgement, lets take a real look at our situation in America and how it trickled over to other countries. If Pres Bush hadn't gotten us in this mess in the first place, all the anger about our ecomonic problems would not even be. Lets keep it real America, this is Bush fault. Not Obama. All of it. Bush should come clean before he leave office and expalin to Ameican, how in the world did he let this happen. But most importantly, why did he let this happen. As for Bush who claimed to love America, with the fall of our country, it leads me to believe if he even like Americans. What a legacy he leaves behind. When his name is mentioned after Jan. 20, he'll be remember as the WORST president in US history. How he allowed the American people to fail, being 10 trillion dollars in debit. A president who clearly didn't have the best interest of the "average Joe" on his mind. So please America, before you pass judgement on how and what Mr. Obama is doing, SNAP ON PRESIDENT BUSH FIRST FOR PUTTING US IN THIS MESS!!!! At least Mr. Obama talks and cares for the "average Joe" all the while President Bush was taking away everything the "average Joe" worked so long and hard for. Mr. Bush, I am disappointed in you. I thought you were a better man than what you displayed over the pass 8 years. I respect the office of the president, but you failed us. Now America, if we are as strong as I know we are, challenge Mr. Bush to accept his role in this mess. Help America before he leaves office and for the sake of goodness, STOP GIVING BILLIONS OF DOLLARS TO CORPORATIONS AND START GIVING US OUR MONEY BACK. I personnally don't think corporation need it. They only want it because Bush is giving it away. Again, my thoughts...does Bush even care about America?

All the people crying UAW workers have to easy They need work for $44 instead or $70 or cut they penions.Be careful it might be you company telling you.The economy has cause for us to restructure.So we decide not to lay anyone off.Her's what going to happen all wages will cut 1/4. to keep insurance employees must contribute 1/4 more.We think these measures will help XXX INC.make though these rough econmic times.The actiion taken are for benefit of all here at XXX INC. Oh one other thing there will be no more paid holidays except Christmas.We hard working Americans know how to keep our jobs and it's to let company operate and we just work.

A TIME HAVE COME FOR THE CHANGE AND WE HAVE MADE IT HAPPEN. NOW THE BALL IS IN YOUR HAND THE DEMOCRAT VOTERS ARE READY FOR THE CHANGE SINCE BUSH WAS ELECTED IN THE WHITE HOUSE SO MAKE US VERY PROUD

"That's a far larger stimulus package than the $175-billion Obama proposed on the campaign trail." Now are we supposed to be surprised when Obama lied his whole way through his campaign - NAFTA, gun control, Iraq pullout, taxes, negotiating with terrorists, religion, wire tapping, etc, etc, etc... And the liberals are now comparing him with Lincoln, even before he has taken office. Linoln was called Honest Abe for a reason - he earned it! Not this black panther in disguise.

Perhaps the $500 billion stimulus money could be spent on the following infrastructure projects. Let us build cities within cities. Places could include struggling malls. Other places could include locations where many homes are boarded up or declining fast in value. Perhaps some crumbling schools could be rebuilt as cities within cities.
Many baby boomers are aging. Many will not be able to drive. We have a problem with dependence on foreign oil. If cities were to build more cities within a city, people could live close by to their jobs, doctor’s offices, and stores. People could then walk to everywhere. Cars would be driven less. Less car emissions would be polluting our air. People would get more exercise walking form home to work, doctor’s offices, stores and schools. The more exercise people get. The lower our health care costs would become.
The new buildings built would include classrooms; wellness centers; grocery/pharmacy stores, business offices and apartments. The parking lot and a few square blocks of streets could be dug out with open coal mining equipment. If the buildings need so many repairs, perhaps it would be cheaper to tear whole building(s) down and rebuild from scratch. Perhaps it might be less expensive to gut the sewer/water pipes and rebuild new. Than compared to fixing existing pipes. Retention ponds with water fountains could be created at the former parking lots or streets. Bike/walking trails could be created as well. Trees and bushes could line these new ponds and trails.
The classrooms built could be wired for Internet access. School kids would use these classrooms in the morning. Business and adult classes could utilize these classrooms in the afternoon.
A wellness center could be built. I have seen walking treadmills and stationary bikes for as little as $80-$150. The wellness center could not only be filled with these exercise equipment. The center could include doctors’ offices as well. Since there will be Doctors’ offices at the wellness center. Perhaps schools could contract school nursing services for students to the adjacent Doctor’s office.
Condominiums and or apartments could also be built. These buildings could be built circling the new retention ponds. Some health care workers, storeowners and other workers could live at these condominiums and or apartments. Some baby boomers, which need assistant living, could also live at these housing. Big money could be raised for renting out this space. The city and schools would gain by property taxes raised by these new businesses paying rent. Perhaps property values at and around these new villages may actually increase. Answering the problem of declining property values.
Business offices and small warehouses could be built within this village. Some of the office space could be rented out to entrepreneurs or other web based businesses. Perhaps items such as alternative energy parts could be processed and sold through the on campus small trucking company and warehouse.
It would require creative city planning and architectural design to get this concept off the ground. It would create many jobs in the construction industry. Many students, I feel, may be very creative with their hands. They may be very creative, great at art, or play great music. But are just not good at taking tests. Schools could train students in architectural design or construction. This might be part of the answer for students who quit high school and acquire no skills. They could earn a diploma in designing and rebuilding a village or neighborhood. Pride and a higher income could be the result of earning the skills and diploma of this new type of career.
Would it make more sense to build cities within cities
with this $500 billion stimulus money with all these
benefits? Or is it not doable?

Remember what Pogo said;
We have met the enemy and it is us!
We have allowed our government to get us in this mess.

Alot of people want big bucks for jobs that dont require that much.For one actors, singers, models , sports,auto makers. Most Nursings profestions such as Cna only pay 10 to 12 dollars an hour 12 hour shifts and work very hard.I'm sure if you've been to a hospital one of them work for you and they love what they do and never complain. People now days want more and do less ,such a greedy and lazy society.No one will die if you dont see a movie , but people can die if some one has a heart attack and a cna is not there to perform ccr and save a persons life. If you were to pay people what there really worth we be in shock. You find alot of your lower payed people are woth more than you higher paid people.

TAX PAYER BAILOUT

Help the Middle Class
Stimulate The Economy
Create More Jobs
Aid Struggling Homeowners
Revitalize The Housing Industry

A bailout plan that would achieve all of the above goals:

Distribute the proposed bailout money to each individual, U.S. Taxpayer who has filed a tax return consecutively for the past 3 years. Give each taxpayer $100,000. This money will be spent or saved by each recipient taxpayer. Either way, the banks, retailers, manufacturers, (including the big 3 automakers) will receive an infusion of capitol.

The better run businesses will be more positively impacted. The poorly managed organizations may still falter and close, but their workers will have a $100,000 cushion to ease their transition to another job. The strongest organizations will survive.

The taxpayer bailout can be taxed the following year or better yet, spread the tax liability over 4 years. This will cost less than the proposed bailouts of financial institutions and large corporations. The emotional and spiritual lift will get America back on track. Lives will be transformed, crime reduced, and faith in our government restored.

I am a real estate agent, my husband owns a commercial janitorial company and we pay a huge portion of our earnings towards taxes and insurance. We have a son in college and three other grown children with families of their own. Our parents live on fixed incomes and are nearing a time when we will have to assist in their care. While my husband and I will save such a windfall, our children and parents will spend and save.

Where-o-where are these fools, er--politicians, getting all this money? You can bet they don't spend their personal money so recklessly. Why did Obama just pick a 500 billion stimulus instead of--say a trillion--why not just round it off!

I can't believe how stupid some of you are. It truly amazes me that you know how to use a computer. First off, the financial down fall started THIS year. THIS year with the Democrats ruling Congress. Not Bush's fault. Bush does not head up Wall Street. Osama Obama's buddies over at Fanny May and Freddie Mac was the boulder that started the land slide. 500 BILLION dollars people!! You didn't earn it and you don't deserve it. Where do you think that money is going to come from? YOU! Unless you're one of the welfare supporters of Osama. Then no, you won't be paying anything and you are probably one of the ones screaming for a stimulus package because your free loader and part of the problem with this country!
Change is coming. That was Osama's pledge during his scam for Presidency. He's keeping the George Bush's Secretary of Defense!!! HELLO!! But again, you Osama folks don't really care about change, all you really want is some free money!

I wonder how much of this stimulus will be in the form of checks to the tax payers? I could use another stimulus check! The $300 that I received last summer didn't last long. I had to pay some bills with it.

First of all, we do need the auto industry. If they go bankrupt it will mean not only the jobs of the employees but those affiliated. Such as companies that have contracts with them, like HP has a huge contract to supply computers; Verizon huge contract to supply cell phone; Comcast huge contract to supply Internet; Northwest contracted airfares; Detroit travel and tourism would be null and void; The majority of the employees own homes and have a mortgage....no income except unemployment....foreclosure on home which digs a deeper gash into the bank issue. I know cuz my hubby is GM employee on the Delco side and we have a 2k house payment. He loses his job and we walk from the house. I am not sticking around to scrimp and suffer to make a 2k house payment when 751 of that payment is my monthly tax and I can live at my place in NC with 500 yearly tax and 0 house payment. Now if Delco does get sold we hope he does get laid off so we can move to NC. We want out of PA. Only here cuz GM made us move here. If we knew 3yrs ago what we know now then we would have said please GM lay him off, we are not moving. But you live and learn. Anyway...the big 3 go down and it will be a bigger depression than the great depression cuz too many things are tied to the big 3. Oh I forgot, healthcare. BCBS has a huge contract with the big 3 for health insurance, so that goes away. All these contracts mean a big cut in income for the above companies. Not to mention any contract I didn't mention. There are 100's. So what is the answer? Well...loan the big 3 the money and make them have a plan that is based on getting back into the swing of things. The next plan is please don't throw more money at these banks. We shouldn't have bailed them out in the first place. The bailout money should have gone to us, the taxpayers. You want to see economic stimulation? Well, split 700 billion between the 33 million taxpayers and see how fast we can stimulate our economy. Lower the mortgage interest rates to 2% and people will be buying homes hand over fist and the values will skyrocket. We will be buying cars and SUV's and boats and RV's and investing money. Hell, we would invest our stimulus in buying a huge piece of property in NC about 500 acres or so and start our own outfitter. A business. Small Business Owners will invest in their businesses so they grow and create more business and more jobs. You are creating 0 jobs by throwing money at the banks. But with a lower than dirt interest rate, the banks are taken care of. Why do people think that you make more money the higher a price on something is? Why do people think Walmart is the top corp earner and has the most employees? Cuz they have lower prices than everyone else and they have just about everything. It might not be what some think is quality but look at your Dillard's or Belks tags to see where the item is made and it is either China or Taiwan. Look at Walmart and it is either China or Taiwan. And who is closing stores left and right? Not Walmart. They reported profits. So.......the key to our economy getting great again is lower interest rates; loan the big 3 the cash and make them have a solid business plan; give the taxpayers the stimulus instead of bailout money for banks and not a measly 600 bucks, I am talking 700 billion..let's try 100k per family or more. Then also maybe have 0 payroll and 0 income tax for a year or 2.

The cause of U.S economic woes
1. Iraq War cost $1 trillion at $10 billion/month.
Solution: end the Iraq War
2. Dependence of Foreign Oil cost $700 billion.
Solotion: Invest money in the Big 3 auto makers. Manufacture Plugin Hybrid, build electric trains connecting the entire country and enforce fuel efficiency in Public and Private sector.

3.Predatory Lenders and Unproductive speculators in financial system. Speculators inflate debt value and property value. The forces of demand and supply should determine the value of goods and services in a free market economy, not speculators.
Solution: the government needs to regulate the financial service providers and raise taxes on people making over $250,000 and give people earning less than $250,000 a tax relief, just like the president-elect suggested