we should also be talking about direct payments to individual americans in need during this bail out. by the way, the government has admitted to $150 billion in pork barrel spending to pass this bill, ergo the final figure is not $700 billion, it's either $850 billion or close unless they added more pork while i was blogging this. that's a bit ironic though, don'cha think?
Marc Faber (above) predicted the 1987 market crash one week before it happened.
initially it should be at least a $7 trillion bail out, assessing for effectiveness and reallocating more funds as necessary. $5 trillion for the corporate america bail out. disseminate the other $2 trillion back to those americans who need it. sell this $7 trillion of debt to foreign governments like china and the middle east as well as overseas investors. tax the $7 trillion to generate revenue and create a 100% matching funds stock paid out to each american for every dollar invested back to the american government. sell the dividend payouts debt from the matching stock to foreign governments and overseas investors and tax the revenues.
generally, i believe that a sustainable fund can be created to empower america now and into the future and beyond.
this is a rough starter idea. anyone who can add to it or refine it for greater smoothness, let me know.
it's a matter of focus. if you focus only on the corporations, we're back to business as usual, with many, many americans suffering like they always have been. if you focus on both the individuals in need and the corporations, we've got a new trickle up economic power to meet and multiply the trickle down economic power.
no one's really talking about this kind of proposal because of fear and often times an unconscious desire to maintain the status quo. this kind of proposal also takes really big thinking, compassion, and the realization that the emerging supply model is based in abundance not scarcity. government and corporate interests push the model of scarcity and competition to help maintain the status quo. before abundance or scarcity manifests, it is first psychological belief and intent, then it becomes real based on the predominant beliefs informing our actions. even in the backs of many liberal minds, the construct exists like this: "the corporations have the power, and many people suffer for it." because we treat this reality as permanent, so it has been allowed to remain: the status quo.
in reality nothing is permanent; everything changes. now is our time to gain new viewpoints and more transformative beliefs. we can transform positively and powerfully to meet new challenges: now is our time. we can break from the status quo by being bigger than the problem.
see also: $700 ($810) billion bail out (part 2)