From what I have read and seen on this issue, Chris Dodd's bill and the proposals of Barack Obama are probably the soundest I have read. However, these plans do not go far enough to protect the public good. These plans do not include enough details about how main street (that is you and me) will be fairly represented in this matter.
Without specifics as to who, how, and when the tax filers, aka working Americans (not just taxpayers because if you received a full income tax refund you are not counted as a taxpayer. The other taxes we pay don't count) will benefit or at the very least break even on this deal. To ensure that main street is represented, I propose the oversight committee be comprised of: A Trucker from Ohio, a Teacher from Oklahoma, Warren Buffet, Jimmy Buffet, and Bernie Sanders.
That committee would ensure that our fuel crisis and crumbling infrastructure is considered, our troubled education system is addressed, that tax payers don't pay more than market value for these failing companies, that complex issues are summed up in radio friendly three and a half minute sound bites, and finally a person from congress who has consistently fought for the working American, is there watching out for us.
For far too long politicians and wall street bankers have borrowed our trust and on our nation's credit cards to fuel their walks down easy street. We have worked and lived our lives hoping that the educated money men had the economy running right. We now know they not only did not have it right, they expect us to forgive them and pay for the mistakes generated by greed. I hope Obama has it in him to say, absolutely not on my watch! I hope he votes only for a bill that protects and benefits the general public. It is high time for main street to get a piece of easy street.
Obama and McCain must have their debate on Friday as we need to hear them speak on the issues side-by-side now more than ever. If Bush was right that our very nation's vitality is at stake, then we cannot risk handing over that kind of trust or money to the same group who made the mistakes in the first place. I would be completely beside myself if come November 4th, many people, red state or not, would want to hand the keys to the coffers to another Republican administration.
*Update* Bernie published his plan. Look at items 2 and 3 for the good stuff.
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