1. Create Jobs.
2. Take care of Infrastructure, Amtrak
3. Help States and Cities with Unemployment insurance, Schools, libraries, and local transportation
4. Help individual home owners, prioritize those who lost there jobs.
5. No tax rebates.
6. Help solvent banks give loans and credit. Banks were too busy with Big Business, and balooning Real Estate prices they could not sustain at the expense of Small Business.
7. No money for subprime lenders and failed banks.
8. No money for Hedge funds.
9. No money for Sports Arenas.
10. No money for Wall Street and Failed Financial Institutions.
I would go back to regulating banks and Wall Street. Wall Street should never have been artificially shored up with low interest for Real Estate loans. Clients took money out of the banks because of low interest and invested their savings in stocks and we all know what happened. A good business climate is enough to pay dividends on stocks. Credit card companies and banks with low opening charges induced peopple who should have known better to buy on credit they could not afford to pay, because they did not have money in the bank when things got tough.
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1 comment:
I left the beach just to answer your blog. So, here I am with my answer. We have to nationalize the banks, clean them up and then sell theck to the shareholders. We can't just let them sink. That would cause hardship for the little guys.
Now I'm going back to the beach. See you soon.
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