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Posts Tagged ‘Main St’

Senate Vote Misguided, maybe Foolish

Posted by Reed on Thursday, October 2, 2008

This is draft of email I sent to each of my Ohio Senators. Yesterday they both voted in favor of rescue plan. Yes, I’ve added rhetoric for effect (we can’t not vote forever!). It seems our Senators want to keep helping the cheating culture. It appears more and more, every day, majority of Senators are part of the cheating and dishonesty. I pray, despite Obama’s affirmative vote he is an honest man.

Stupid and Foolish: That’s how you voted.
HELP MAIN STREET – DOLLAR FOR DOLLAR.
I WILL NEVER VOTE FOR YOU
    or your hand picked replacement, ever. (see below).
You are cheating Main Street!!!!!!
You are aiding and abetting Wall Street crimes and cheating culture.
I am sufficiently well educated to understand your vote is misguided at best. I say foolish. You are trying to instill confidence by pushing a rope! I agree with Robert Reish (http://robertreich.blogspot.com/2008/09/bailout-of-all-bailouts-is-bad-idea.html).
You are throwing Main Street bones (increase of FDIC insurance, tax cuts) because they do essentially nothing to help current crisis.

HELP MAIN STREET – DOLLAR FOR DOLLAR – with law passed by the time rescue package is passed (Friday?) is only way for you to redeem yourself.

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Bailout Healthy Main St – No Money for Garbage Wall St!

Posted by Reed on Wednesday, October 1, 2008

If you like this, copy and paste to your representative. You can find your representative at http://www.visi.com/juan/congress/ or http://www.congressmerge.com/ . Remember to keep your emails short and concise if you want any chance of them being read. Remember to put your headline, your main point, in first short sentence.

Bailout Healthy Main St – No Money for Garbage Wall St!
  Main St is: Individuals, small and medium businesses.
Dollar for dollar!
  At least bailout Main St in same amount as Wall St.
GOODIES (throwing a bone) IS NOT REAL HELP to Main St.
No more George Bush crap economics.
I believe situation is severe.
Making Main St PAY TWICE for their businesses, homes, automobiles, and student loans IS WRONG.
Let the businesses that made bad decisions fail or be bought.
Let well managed businesses take place of poorly lead ones even if replacement businesses are currently smaller than big garbage.

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No Double Payment; No Bailout

Posted by Reed on Tuesday, September 30, 2008

The citizens of the world, including those of USA and England, are being asked to pay for their houses, automobile and education loans twice. Meanwhile, the bail out lets financial institutions take the money for themselves. Let these financial businesses “eat their own dog food.” Say no to any bailout. Only a bridge of loans, to facilitate liquidity, under strict retail interest rate controls until these loans are paid back from business profits and not from retail customer who is paying their bills/loans. Businesses took the profits and accepted risk associated with those profits. Now they need to accept, acknowledge and pay for loan risks that have gone bad. (Majority of loans made in world are current and good.)

There are many possible variations of loaning cash until central banks are repaid, the citizens, the taxpayers are repaid. Exact model is not important. It is important that entire cost be borne by businesses who accepted risk and accepted profits.

No to double payment by Main Street. Yes, to businesses accepting risk they agreed to.

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