What should the American Taxpayer do to recoup and recover from the Automotive and other Bailouts ?
Pay off all your debts, including credit cards and accrue no more. Give of your time to others less fortunate than you and begin to practice whenever possible the barter system.
Be willing to no longer play the credit game, plant a garden and try to feed yourselves, through barter and giving.
Interestingly, there is a great book I read last night on this subject entitled: " The New American Tea Party" The book details the many bailouts, handouts, reckless spending, and tax issues. No one knows for sure exactly what to do as individuals against big government, but somebody should at least be interested in the failures that our US government makes!
You need to vote for anyone other than Obama and I mean someone that will replace Obama. Until there are changes in tax and economic policies there is not a great deal one can do. But then that assertion is predicated on the individuals resources. If Obama's current corporate tax "reduction" scheme will actually increase tax rates, such as increasing capital gains rates to over 40% from 15% predicated on some misguided illusion that only rich people receive dividends and capital gains.
Most people have retirement and investment accounts. And average retired people depend on dividends to supplement social security. So until we have political stability Americans and the world, will continue to experience economic instability and future uncertainty.
The American tax payer can't completely recoup what was lost bailing out losers. Whether it saved us from a tragic economic collapse or not, the corporate/government complex set up the conundrum. The middle class tax payer will pay for the bailouts and their quality of life will suffer for decades to come. These loser companies that were saved by their crony friends will weigh down this country for years.
My advice would be for the American tax payer to move into the future where creativity and entrepreneurship will rule. Ensuring that you are not dependent on any one factor that is out of your control for your livelihood and security will also provide some peace of mind.
by ThePeeDeeWildcat7 years ago
The American taxpayer is going broke; therefore, where do you recommend that federal, state and...local governments cut spending first?
by Gary Anderson9 years ago
While I support Obama's foreign policy, I hate the scam of Summers and Geithner, which will allow a huge transfer of wealth from the taxpayer to the banks. This is the biggest rip off of the American taxpayer in...
by EPman7 years ago
Tell me, oh wise opponents of the tax cuts, why is letting rich people keep what they earn detrimental to the "greater good", but printing and putting billions of dollars in the hands of these uber-greedsters...
by GA Anderson2 years ago
You work hard to build a fortune that you can pass on to your kids, or otherwise distribute however you desire on your passing. It is your money. Shouldn't you be able to do whatever you want with it, within our legal...
by Ian Stiglingh5 years ago
There is some debate about how government can influence the economy through money supply and money printing. I don't know much about the topic so I hope to learn a few things and hear some ideas.
by LAURENS WRIGHT5 years ago
Do you believe that the Government Bailouts helped, just kept the scum floating or funded the CEO'sA lot of money bailed out the auto-makers, the banks and the financial agencies. Do you think that this was money...
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