1 possible solution for the $700 Billion

[underdose]

“What this country needs is to clean house and through future elections replace ALL in congress. It is unlikely that there is one honest and uncorrupted person left on BOTH sides.”

You’re right, it is unlikely. But I think Ron Paul might actually be one. I just finished reading his book “The Revolution”, and he nailed this economic problem dead on. He makes the very valid point that we are always faced with false options, “Should we bomb this country or that country? Should we spend $700B this way or that way?” These questions exclude the options, “How about we don’t bomb anyone? How about we don’t spend $700B bailing out a failed system and burdening responsible citizens with higher taxes and inflation?” The damage has already been done. It was years ago, else this website wouldn’t exist. There is no bailing out this problem. We have the tough choice again of either taking our medicine today, hopefully mostly on our own terms, or taking even worse medicine tomorrow, likely on the terms of our biggest creditors, among whom are China and Russia. I don’t like option two. How about we don’t spend the additional $700B we don’t have?

[Coronita]

I got a more radical idea…

Instead of the Fed spending $700billion of taxpayer’s dollars on bailing out failed/failing financial institutions, why not just spend $100billion buying all of the major bond rating agencies? Once the Fed controls the rating agencies, they can impose a moratorium on ratings downgrade for all affected financial institutions for 1 year, along with banning short selling of the company’s stock for 1 year. That will do it.

Is this cheating? Of course. Wouldn’t this be government overextending it’s reach, of course? Ethical, hell no…But neither is anything else the government is trying, plus at least you’ll say $600billion in taxpayers money in the process.

See, this is what an Ivy League institution teaches you….if the system doesn’t work, change the rules.

[Coronita]

I got a more radical idea…

Instead of the Fed spending $700billion of taxpayer’s dollars on bailing out failed/failing financial institutions, why not just spend $100billion buying all of the major bond rating agencies? Once the Fed controls the rating agencies, they can impose a moratorium on ratings downgrade for all affected financial institutions for 1 year, along with banning short selling of the company’s stock for 1 year. That will do it.

Is this cheating? Of course. Wouldn’t this be government overextending it’s reach, of course? Ethical, hell no…But neither is anything else the government is trying, plus at least you’ll say $600billion in taxpayers money in the process.

See, this is what an Ivy League institution teaches you….if the system doesn’t work, change the rules.

[Coronita]

I got a more radical idea…

Instead of the Fed spending $700billion of taxpayer’s dollars on bailing out failed/failing financial institutions, why not just spend $100billion buying all of the major bond rating agencies? Once the Fed controls the rating agencies, they can impose a moratorium on ratings downgrade for all affected financial institutions for 1 year, along with banning short selling of the company’s stock for 1 year. That will do it.

Is this cheating? Of course. Wouldn’t this be government overextending it’s reach, of course? Ethical, hell no…But neither is anything else the government is trying, plus at least you’ll say $600billion in taxpayers money in the process.

See, this is what an Ivy League institution teaches you….if the system doesn’t work, change the rules.

[Coronita]

I got a more radical idea…

Instead of the Fed spending $700billion of taxpayer’s dollars on bailing out failed/failing financial institutions, why not just spend $100billion buying all of the major bond rating agencies? Once the Fed controls the rating agencies, they can impose a moratorium on ratings downgrade for all affected financial institutions for 1 year, along with banning short selling of the company’s stock for 1 year. That will do it.

Is this cheating? Of course. Wouldn’t this be government overextending it’s reach, of course? Ethical, hell no…But neither is anything else the government is trying, plus at least you’ll say $600billion in taxpayers money in the process.

See, this is what an Ivy League institution teaches you….if the system doesn’t work, change the rules.

[Coronita]

I got a more radical idea…

Instead of the Fed spending $700billion of taxpayer’s dollars on bailing out failed/failing financial institutions, why not just spend $100billion buying all of the major bond rating agencies? Once the Fed controls the rating agencies, they can impose a moratorium on ratings downgrade for all affected financial institutions for 1 year, along with banning short selling of the company’s stock for 1 year. That will do it.

Is this cheating? Of course. Wouldn’t this be government overextending it’s reach, of course? Ethical, hell no…But neither is anything else the government is trying, plus at least you’ll say $600billion in taxpayers money in the process.

See, this is what an Ivy League institution teaches you….if the system doesn’t work, change the rules.

[underdose]

Ah, FLU, funny suggestion, obviously tongue in cheek.

Still the problem is that our creditors, China, Russia, Saudi Arabia, Iran et. al., have a say in the rules. I think the hubris of the administration that they think they make all the rules in an international game will bite someone (you and me, most likely) in the ass.

[underdose]

Ah, FLU, funny suggestion, obviously tongue in cheek.

Still the problem is that our creditors, China, Russia, Saudi Arabia, Iran et. al., have a say in the rules. I think the hubris of the administration that they think they make all the rules in an international game will bite someone (you and me, most likely) in the ass.

[underdose]

Ah, FLU, funny suggestion, obviously tongue in cheek.

Still the problem is that our creditors, China, Russia, Saudi Arabia, Iran et. al., have a say in the rules. I think the hubris of the administration that they think they make all the rules in an international game will bite someone (you and me, most likely) in the ass.

[underdose]

Ah, FLU, funny suggestion, obviously tongue in cheek.

Still the problem is that our creditors, China, Russia, Saudi Arabia, Iran et. al., have a say in the rules. I think the hubris of the administration that they think they make all the rules in an international game will bite someone (you and me, most likely) in the ass.

[underdose]

Ah, FLU, funny suggestion, obviously tongue in cheek.

Still the problem is that our creditors, China, Russia, Saudi Arabia, Iran et. al., have a say in the rules. I think the hubris of the administration that they think they make all the rules in an international game will bite someone (you and me, most likely) in the ass.

[Author]

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