by our wonderful Congress/Administration: (thought I'd chime in since it seems to be in vogue today)
Proceed witth the bail out with gaurantees in place so there is some hope for a significant return on investment (e.g., get 70-80% of the outlay back). But, coupled with that money-printing exercise, for each $10B dedicated to the bailout, throw another $1B at each of the following:
1) $1B for infrastructure rebuild (roads, bridges, dams, etc.).
2) $1B to education improvements.
3) $1B to Homeland Security, with emphasis on enforcement of existing law, and completion of border security measures (including ports) (BTW, do all acquisition per the FAR, with NO WAIVERS).
4) $1B to alternative energy R&D, implementation, and backing of the Pickens Plan (though Pickens to intending to "do his thing" via private investment).
5) Spread around - military improvements, communication systems improvements, and REGULATION/OVERSIGHT of all of the above (maybe a three-way equal split).
So, for each $10B dedicated to bailout, dedicate 50% of that amount ($5B) to things that will actually do us some real good.
Throwing money away, you say? THINK.
The GAO (I believe it was) states that for every $1B spend domestically for programs like 1-5, above, 40,000 US jobs are created. Taxpaying jobs. There's you tangible return on THAT investment. And jobs beget more jobs, begetting more tax revenues. All that money back in under ten years (IMO, 5 max). Can the same be said for the return on investment for the bailout?
Spend $350B on 1-5, how many jobs did we create?
350 X 40,000 = 14,000,000 new jobs
Economic problems gone, relatively quickly.
Then we can talk universal healthcare.
The SGE Plan.
No arguments solicited - just food for thought....
SGE