Obviously they can't do nothing... What would you do to get the market and the economy back on track, and avoid the possibility of another Great Depression??The American Financial Crisis --- How would you solve it?One word, repeated three times...
REGULATION
REGULATION
REGULATION
A healthy market can not exist without regulation.
It's what creates checks and balances.
Wax on, wax off.The American Financial Crisis --- How would you solve it?
I took the first step a few years ago by dumping the repubie/demmie party %26amp; joined up with our Libertarian party. If you want a temporary repair suggestion, then yeah, the tax increase(bail out) will work, on paper, till the next episode of credit created fiat paper currency, bogus scam lending hits %26amp; the process repeats itself.
If you want a permanent repair suggestion, then no, the tax increase(bail out) will not work in all reality. The problem is like debt spending, your then spending what you do not have. In this case of permanent repair Americans need to realize the following...
(1) Americans must educate themselves about both constitutional law %26amp; the intent of it's use.
(2) Americans need to "inform" their elected officials when they spot their elected officials operating outside of constitutional law.
(3) Americans must replace elected officials that operate outside of constitutional law by voting in candidates that have proven integrity regarding both the understanding %26amp; the use of constitutional law.
(4) Americans must realize at this juncture, that save for a pitiful few with Ron Paul being one of this pitiful few, the dem/repub party offer NO constitutional representation.
(5) Americans must demand an end to the federal reserve %26amp; demand that congress exclusively coin Americas currency once again.
(6) Americans must demand that our fiat paper currency must be replaced with notes that upon surrender to financial institutions(banks) are redeemed in precious metals. This act STOPS debt spending by limiting the paper notes printed to precious metal in reserve, like the END to the inflation tax due to the devaluing of Americans CURRENT FIAT PAPER currency!!!
(7) Americans must demand that our educational system, both private %26amp; public, be staffed by competent instructors that have proven both their knowledge %26amp; understanding of constitutional law in the manner originally intended by our forefathers.
(8) Americans must realize that both America AND our currency are both SOVEREIGN in nature. Being part of a new world order with international unaccountable appointed officials is tantamount to letting the wolves guard the sheep.
There is more but the above is a START to fixing these so called bail out schemes. I did not say it would be easy, BUT, if you can offer a better suggestion than the above eight mentioned criteria, I'd like to hear it. The American Financial Crisis --- How would you solve it?We need to bring back the WPA (Works Progress Administration). During the Depression era, it hired people to build up our infrastructure, which sorely needs refurbishing, and in the process, it got people working again. Once they start getting paychecks, spending and saving go up. Home and car sales would improve, and some of the newly-employed would invest in the stock market or even start their own businesses. The country would have more people paying income taxes, increasing revenues, and things like bridges and roads would get improved.
Tough question, Who knows for sure, Id stop paying unnecessary bills, Iraq,Foreign oil,
Introduce investment in renewable energy's to create jobs, Also create jobs in infrastructure and roadworks.
Give a tax break to anyone who wished to start a small business with there own money, In return 70% of there profit must be used to hire and pay staff, and pay them well,
Make credit cards illegal, Instead it should be all debit cards.
No such thing as 100 percent morgage, you need 10% deposit for your morgage.
If you seek welfare you must prove that you are seeking work or bettering yourself trough some kind of training.
But no one knows for sure what will work
The American Financial Crisis --- How would you solve it?Slap Bush in the face and then vote for the bailout. Its a crappy deal, but i feel it is necessary. If america doesnt solve this issue fast, countries will stop financing american businesses and turn to countries like china. And a richer, more powerful china is the last thing this world needs.The American Financial Crisis --- How would you solve it?
Let the free market correct itself. We're not going to see a "Financial Armageddon" We saw that on Monday with the 7% stock drop. That was NO Armageddon. Just let the market correct itself. This bailout is not going to help. In a year or two people are going to look back pissed that it did nothing all the while still paying for it.
I know for sure that if two table legs are broken (wall street and main street) you can't just fix one. If you fix one the table will fall the first time it gets nudged.
Watch these two short videos and you will know why so many economist say no to this bill and washington doesn't want to hear it.
Short version
http://www.youtube.com/watch?v=Hi9vXKWYa鈥?/a>
Long version were Brad is clearly quited quickly
http://www.cnbc.com/id/15840232?video=87鈥?/a>The American Financial Crisis --- How would you solve it?
1 drill for oil, 2 kill taxes, 3 abolish the house and Senate 3 outlaw tax laws of the blood sucking government. 4. investigate the people responsible for allowing this to happen IE government employees. third pass laws having over-site of government employee's
Americans are resiliant. We will bounce back as always without the bailout. However as I am not a financial advisor except here at home..I think at this time, we kind of needed this rescue plan. But I would put all the money men under investigation and make Donald Trump our financial director! lol
pass the regulation that should have been there to prevent this in the first place, but no bailout, if we bail out these irresponsible corporations it sets a bad precedent for the future (aka moral hazard)
make credit illegal. people love to charge stuff but then cant pay it. same thing with the banks. love to lend money but never get it paid back and they go bankrupt. I would make lending much stricter or even get rid of it.
you all know so much more than the politicians you put into office.
truth is none of you have a clue. if you did you'd be living on an island right now with millions in some swiss bank account.
refrain from using currency and return to a simpler more primitive way of life like the Amish.
From the bottom up, like Roosevelt did. See the source link for a more thorough explanation.
We need jobs, money and lower gas prices and maybe we could see some improvement.
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