Obama Calls Bailout a "Blank Check"

There can be no blank check.

Alternative :

Instead of buying the loans from the financial institutions - bailing out the companies and their over-paid, high-bonus, greedy executives - pay all the loans up to current. Force the companies to re-write the loans to be normal, lower interest mortgages with a reasonable payment. Cap the Executive Salaries and bonuses (47 million dollar bonuses for creating this financial crisis is ridiculous).

Bonuses to this plan - people get to keep their houses, get a second chance. Companies halt the over-paying of executives, increase stock value and dividends, "government regulation" can stop at the salary caps and order to re-write ARM and other gimmick, high-profit / borrower-screwing loans.

Pretty dang simple, effective and is more of a citizen bailout than a corporate bailout. If something HAS to happen, I'd prefer to bail out the People rather than the corporations.

Bobby Kearan for President 2012!!

JohnA
You want to sit back and say that Obama needs to shut the fuck up. But what is he doing to you? Hes only voicing his opinion, something that you seem to be doing also. Just because you arent getting quoted in the news means shit, because you are still using a medium to get your opinion accross. Hypocrisy is not a virtue.

Oh yea, some really, really harsh criticism right there.

fuck obama
fuck mccain

Rip off's continue until we are all in the street, I mean
really living in the streets. The air will be fresher there
we can forget all our worry's and all of our cares. DOWNTOWN
the lights are much brighter there.

This is a robbing of American taxpayers, period.

Fact: the day before September 10, 2001, Donald Rumsfeld told a group he was speaking to the pentagon was missing 2.3 trillion dollars:

http://www.youtube.com/watch?v=3kpWqdPMjmo

JohnA you are right in that Obama should set forth his own ideas - it would help his campaign in someways but the thing about ALL politicians is that they can't be too specific with what they would do because they need to appeal to as broad a range of people as possible. i'm not saying i agree with the method but i can see the logic in refraining.

Also, criticism , idle or no, has a place in dealing with such situations. if someone doesn't point out the flaws in a an open, public forum the people will just go along with whatever is said and then scratch their heads when it doesn't work out and get angry that no one said "hey! what about this?"

as of right now, neither Obama nor McCain can make an executive decision about this crisis only Bush can. And this is a crisis that needs to be addressed now, not in January. Both candidates can put forward as many plans as they want but all it would do is affect the polls.

So besides bashing Obama, you agree with this action?

OK, no offense to all my friends who are fervent Obama supporters, but I really can't take him seriously until he comes out with a plan of his own. It is so very easy to sit back and criticize everybody elses plan when you haven't put forth any of your own. Anyone can sit back and be critical when they have nothing of their own on the line. So until he comes out with his own economic plan of action, he needs to shut the fuck up. I'm sorry, but that is how I feel.