Vouchers for Bailout/buyin

[flatbottom]

Instead of Bailouts, Why not give every paying tax payer vouchers??

Instead of giving Bailouts directly to corporations and banks--whose primary responsibility is to their stockholders and creditors. Why not give it to the American tax paying citizens. And have the wealth trickle up??

Give every Tax payer a 1000.00 car voucher good toward any new Chrysler, Gm, or Ford car or truck.


Give every tax payer a 1000.00 stock voucher good for 5 years toward the purchase of any blue chip stock.


Give every tax payer a 1000.00 voucher good for the purchase of any health care procedure or plan.


Give every tax payer a 1000.00 voucher good for any home improvement.


Then American citizens will be picking the best of the best in the market place and would leave out the crooked politicians serving favors to whom they wish.


Would this cost less than the 400 billion + already dumped to never be seen by anyone but the political friendships in Washington???


Note: what I have be reading since September is not good in the financial world. Where is the transparency we were promised????? Who has great links to what and where the money trail leads?????

[gradywhite273]

maybe im just overly simple, and i know glenn can correct my theories, i truly believe , what they need to do to restart the auto industry , and many other industries is to let the interest on a loan be tax deductible again, ( not just this house huhah) and let the people deduct sales tax paid again... nothing major or earth shattering, just simple stuff.

[Questsportfishing]

after all it was free money to them and now they need more! So break out your check book and write them a 1000.00 check ... ps: turn your 401k into them also they seem to need it more than you do... makes ya sick when someone decides that screwing over the people is ok ...

[Glenn W]

maybe im just overly simple, and i know glenn can correct my theories, i truly believe , what they need to do to restart the auto industry , and many other industries is to let the interest on a loan be tax deductible again, ( not just this house huhah) and let the people deduct sales tax paid again... nothing major or earth shattering, just simple stuff.

I don't know that I agree with you Tim. No doubt that Washington will not let GM fail (Ford I doubt it either, #3, unliely too). I think U.S. auto manufacturers make a decent product now a days for the price, but they sure don't know how to make money at the same time. On a purely variable cost per unit, GM can crank out a vehicle reasonably efficient--- it's the overhead and inefficient bureaucracy embedded in the big 3 that is the problem and no amount of Washington money is going to fix that.
When Warren Buffet/ American Express get in line for the Government handout money--- and the Govt. obliges, you know things are screwed up.
On the personal debt deduction, there is no doubt that it would stimulate auto sales, but would also encourage more personal debt. IMO, the level of U.S. personal debt is a major factor contibuting to our financial woes--- everything from the magnitude of the financial market crisis ( including the reasons for the mortgage loan industry's woes), to our economy's inability to shrug off a short term slow down.
I know this is bad for your business though.

[bigeasy]

Rather than focused bailouts- how about across the board tax cuts. This would put more money in each paycheck.

Also a corporate tax rate cut to more global competive levels.

A thorough evaluation of Government expenditures would surely find a trillion in wasteful or unnecessary spending.

How about tightening credit requirements so the toxic paper is not created.

A combination of progrowth policies and rational spending should help.

And please get the government out of the private sector.

[Hatterized]

ok..with all these bailouts...lets see...every American citizen should have part ownership in the Big 3 automakers.......ownership in major banks and lenders....and cant forget a small piece of the insurance industry....so now that oil prices have stabilized and have returned to affordability for the time being (after oil companies have realized record profits)....where is our (the taxpayers aka the bailers) discounts?

Simple to me.......i get a discount on a vehicle purchased with a zero % loan and have my insurance premium slashed in 1/2...surefire way to get the economic ball rolling again.....

Besides...since i/we the taxpayer do not have a choice how and who WE THE TAXPAYER save.......well where is my reduced rate or discount...i helped you you help me.

In any business or industry "Nothing Stays the Same Forever"....and that includes the cost of money we the consumer/taxpayer lend to those in need....those who have raped the consumer/taxpayer for too long.

[flatbottom]

exchanging bad debt with more debt is not going to work.




will bush do this...not enough time? will obama do this.....if he has any nads in his pants. I find this article interesting.......below

Obama here are the acts you must undertake as soon as you are sworn in, and you should announce them tomorrow so the market will stop tanking due to the lies of Mr. Paulson and Bernanke:

You will send up a bill that enacts a full repeal Gramm-Leach-Bliley. This was the law that repealed the Glass-Steagall act (the majority of it, anyway.)

You will send up a bill that reinstates the leverage limit of 12:1 that used to apply to investment banks (the dropping of which is the proximate cause of this mess, and which Henry Paulson was directly responsible for through his lobbying and requests) and apply it to all institutions doing business in The United States.

You will send up a bill that repeals the 2005 "Bankruptcy Abuse Prevention" act - an act you voted no on originally. This one should be a no-brainer, since you didn't support it originally.

You will send up a bill that repeals the TARP/EESA, and will vow to do everything in your power to stop the expenditure of any further funds under the existing law, and you will direct Treasury on January 20th to reverse the tax changes that granted $150 billion in "preferences" without a vote of Congress or even public notice.

You will send up a bill that requires the SEC, OTS, and OCC to compel all assets and liabilities to be consolidated upon a firm's balance sheet and directs that all marking methods, formulas and variables along with each asset held be disclosed accurately for every firm that operates in the United States.

You will direct The Federal Reserve by executive order to comply with the FOIA filed by Bloomberg and disclose, immediately and forever into the future, all loans issued, to whom, the specifics of the collateral pledged, and the discount or "haircut" applied. Such information will be published via The Web at the point of issuance of Fed Credit and all actions taken by The Federal Reserve or any of its district banks shall be undertaken in the full sunshine of the public view.

If The Fed should refuse, you will pledge to send up to Congress a bill to repeal The Federal Reserve Act of 1913, and replace The Federal Reserve system entirely with an entity that will under penalty of federal law operate 100% "in the sunshine."


If you want to stabilize our markets and financial system, you must undertake all six of the above acts, and you should announce your intention to do so now, so that the markets can anticipate that the "dark ages" of obfuscation, lying and theft will stop on January 20th.

: but in my opinion:

stock can goods, hams, ammo, fuel, fishing lures.......we are in for a long cold winter