So..... is it over?

The banks are taking the money, spending it on themselves, and the average Joe is failing. Which is worse? I have put my personal business on hold and went back OTR. Why? Because my customers can not get credit to buy my products. These people for the most part are not bad credit risk, the banks just won't loan.

Give everyone above a certain age, and other qualifications to be worked out, an equal amount of the bailout money. Do this with the stipulation that 80% of this money is paid out to mortgauge and credit card dept, with the rest to be spent as wished. The 80% will be paid directly to the selected institutions by the government to assure these bills are paid.

The banks will have their money, the consumer will have a house either paid off, or caught up, and money left over to buy products that will create jobs.

The banks will be able to loan to companies and individuals, because they now have money. Individuals will now qualify for loans, plus they will be able to keep their house and pay taxes on it, helping the state and local governments. Owning a house means it constantly needs work and furnishings, so now it's off to the furniture store and Lowes for home improvement.

People would be able to travel more, more gas taxes for the state, more money floating around in the economy.

It is a spiraling effect that will take hold immediately.

What is this bill going to do except help state and local governments, and a few contractors? Oh yes, lets don't forget the Wall Street crowd.

A direct payment to the people, with certain provisions as to useage, will do more to straighten things out faster than anything else. The consumer runs this country, so how better to revive the economy than to help the consumer.

This whole bailout mess is backwards.

 

I guess if you follow through with your thinking all money should be confiscated from the rich and given to us poor truckers

Sorry sir but that is socialism!!!
Any fancy way you word it is its the down fall of democracy and spitting in the face of free economy
Sure it would feel real good to have a few bucks in my pocket
And I promise to spend all of it, and may just be broke again
But that rich guy may just create his wealth again
The key word is may
How long will the successfully rich be willing to work hard if they know the government will just take the money

 

We pulled a lot of Government containers taking them to the Harrisburg rail yard and Norfolk VA. You see mostly JB Hunt trailers there at the yard. And I haven't seen many of their trucks like we use to, out on the roads.
That's going to become the "New Trend" for the trucking Industry. Taking containers to the rails and have them shipped to California that way.

There was a "Huge Right UP" in the Local Paper here, how the shipping of freight by trains, will be eventually picking up. There is a demand of workers at all the Rail Yards throughout the different states. I don't know if I still have the paper around where I can copy and paste it. Some of the positions, they will pay you 120 a day for a 6 week training. The conductors and a few other positions are paying $120k a year.

Yes, doctors do get high pay.... everyone knows that! Their problem is the high cost of Liability Insurance. And the fear of lawsuits here. That's been happening for years now. So many of them would rather operate in other countries, in which they did move on, because of their overhead cost is much less expensive.

NO! They just announced on the Local News here, that many employees are losing their 401k plans. Many people already have. Even the nurses in the hospital were complaining .They said , they lost 130,000 that they had saved. Many people were relying on this plan for their retirement. It's all gone... The companies did this, so they wouldn't have to cut the employees pay .

Sorry, What I said above was backwards. What I was meaning,, Businesses relied to heavily on operating on Credit. And also the American people. This is why the industry is crashing and the economy is failing.
Businesses can't operate on Cash flows only. They don't have the cash flow to operate at the level that they are at, so they have to start downsizing, to stay in business.

And if anyone really believes that the Government and the
Banks are going to get us Back on Our Feet,, think again.

All I'm saying is,,, "BE Prepared, and Make a Plan".

 

Then what is it called when all the money is given to a few coporations that absloutely do not deserve it? They got themselves into this mess, but we suffer, as they are given OUR money for their shoddy business practices. This money is going to be given out. That is a fact. It is a forum of socialism no matter how it is spun.

The better use of these funds are the way I described. If any recovery ever comes from the current plan, it will be many months, if not years, to produce the supposedly desired effects.

The plan I am speaking of will take that same money, which is OURS, and begin to immediately flow through the system, helping everyone, from the top on down.

Everyone seems to forget that this money is not the governments to give away, it is the hard working peoples money that is being freely given away into this smoke and mirror nationalization sceme.

 

I guess you don't understand what is really going on with the economy, Jarhed.

The Value of the Dollar is Going Down! !!!!!!!!!!!!!!!!!

Companies, are already taking away employees 401k plan. Next , they won't be able to AFFORD Health Coverage for their employees.

Working for a Company is going to be the pits! Everything is Dropping and they won't be able to afford the "extra" benefits for the Employees.
Who will be able to AFFORD IT? If the companies can't , you think the workers will afford health coverage for themselves?

It's not conspiracy , and it has nothing to do with Obama.. it is,
The Value of the High Mighty Dollar dropping down. Instead, eventually We will ALL be using the "Euro". All countries the same.
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That's the way some of the Truckers are thinking, Stranger!! Just like you said. You got the Idea!
You caught on Real Quick!

 

Oh it hurts when I read about all that money the CEO's get in bonuses
The problem is we live in a contract respecting world
Just because they get bailed out does not mean they can null and void agreements the banks made via contracts
Legally binding contracts are what keeps America running
The funny part is we all are talking about
The government giving us money they do not have
To fix a problem they caused by forced lending institutes to give money to people who do not deserve it
Its a mess for sure
But for sure I don't want Obama, Reed or Pelsoi deciding what to do with our kids future by spending money they do not have
I swear it can only lead to big brother controlling every thing

 

This is why a national deficit is desirable from an economics standpoint. A country can borrow more valuable dollars and pay it back with worthless ones. They depend on this.

 

A FREE economy allows the stupid and greedy to fail, not take from those that actually earn the money, and give to those who do not deserve it. (ie, those companies that only thought about CEO pay and stock prices)

There is nothing FREE in this plan. It cost every working man for the rest of their lives, and who knows how many generations after.

All to nationalize companies. If this happens, we will all be socialist, since the corporations will now be owned by the government.

Think about the plan I described. If this money is going to be given out anyway, is this not the fastest, and best way, to quickly stimulate the economy, and keep it rolling?

How is bailing out banks, and giving construction companies work, going to help every sector of the economy?

The plan I described will help everyone, while using the same money that is going to be spent anyway.

 

Oh totally agree with you on this
A free economy does allow for failure and riches
Thats why I am against windfall taxes

But the problem comes in we need our banking system to be strong
Thats the back bone of a free economy
One of you guys said it perfect a company can not run on cash they need credit
So based on that argument we need banks to be stable and able LOL

But the reason why as a Conservative I don't have a huge problem with bailing out the banks is
The government made them fail, thus they need to be held responsible and fix the problem
Giving truckers money will not do that
It will just give china more money
Cause hell cant even spend American money to buy American

 

The government is bailing them out with OUR money. How will things here in the trenches be different for us when this plan is over?

The plan I am speaking of FORCES 80% of the money to be paid to banks. I am talking about mortgauge holders, credit card holders, and such. That is the banks bailout.

Obama said just last night that the next thing to do is address the mortaguge crisis. How much is that going to cost? Is he going to force banks to reduce the amount of the loan, or lower the interest rates, suspend payments? How many trillions is that going to cost, as the people who paid too much, or bought over their heads get a free house.

I am paying for my house myself, as of right now anyway. The plan I proposed will revive the economy, and either pay off completely, or in part, the original loans at the original terms, while still leaving money to be spent in the free economy.

Like I said, this money IS going to be given out, no matter how we feel about it. Lets just use it the most effective way, which I feel the way I described is.