ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Bail this out

Updated on September 24, 2008

Billions of dollars are on the line as the government tries to do something to bail out the economy. It won't work. Band aid fixes don't work, and this will put us in debt even more. Of course, hey after being in debt 400 trillion dollars, whats another 600 billion or so anyway.

They don't get it, they just don't get it. To save the economy you have to get money to the people that will spend it, and ensure they can spend it.

Get rid of the tax shelters for big corporations and the excessively wealthy. Make them pay the full taxes they are required to just like everbody else. This will replenish some money to the treasury.

Regulate the oil industry. Gas corporations are ruining this country. They jack the price up and down at a whim. They are already over the billion dollar profit margin for the year, time to make them pay for it. Regulate gas at a set price and forbid it to rise above it. The high and unstable price of gas is forcing everything else to rise. Food especially above this.

Look at the base necessities for people to live. Food, electricity, housing, and transportation. Fix the gas prices and the utilities and food will come in line. The housing is hosed because nobody is lending, people are late on payments and have bad credit. Issue a % debt forgiveness to those who need it. Base it off an amount of money per household, and the debt to income ratio. Work with the people to find a house that is affordable, and fix the mortgage rates at 3%. It would have the option to be lower, but never higher.

Stimulate the job market. Give incentives for companies to keep jobs here, and penalties for those that move overseas.

This would all help a short term fix. Long term is to not allow CEO's large compensation packages for bankrupting a business. If they can afford the multi-million dollar payout, but can't afford anything else, they have a book keeping problem.

The economy is tanking hard, and nothing on the books will help the everyday people, the ones who suffer the most from this.

Comments

    0 of 8192 characters used
    Post Comment

    • tngolfplayer profile imageAUTHOR

      tngolfplayer 

      10 years ago from Knoxville

      True, but after watching some investors on wall street throw a fit last night, I am glad they didn't. Nobody is bailing out the moms and pops, nobody is bailing out the homeowners. The way the bill was worded yesterday was still going to give executives at least 500k. They should get two weeks like everybody else. I support help, but not like what they are trying to get.

      If they want to help the american people, they need to help the people, not the investors, crooked brokers, and over paid execs.

    • Storytellersrus profile image

      Barbara 

      10 years ago from Stepping past clutter

      Well the bail out would have saved us the loss of $1 trillion dollars today.  That's a tad more than $700 billion and tomorrow the House will not be in session, nor Wednesday.  While I was furious that this surprise dropped out of the sky (not), I think the Republicans made a big mistake today not delivering half the vote.

      You may be interested to note that my husband's little oil company is constantly on a roller coaster ride and this bail out hits them hard- they finally have some good prospects that took a year to analyze and now they can't find investors. The oil business isn't all an easy buck, as you imply- or more people would survive it.

      Still, you sound pretty wise. Why not get involved? Great minds... our country needs you.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)