Bailout Alternative – TAKE ACTION

I invite you all to write your representatives with the following suggestion.  An easy way to write them is via http://www.congress.org/congressorg/headlines.tt

 

 

The solution in short is to have Congress change the sarbains-oxley mark-to-market accounting law and extend government mortgage insurance to sub-prime loans.  If this would happen no $700 TRILLION Bailout would be needed at this time, if ever.  The American people do not belong in the mortgage business even if we can end up making money at it in the future.  This plan will free up the current credit crunch and we then can wait to see if any money needs to be put into the system at a later date.  This could save each of us, the American taxpayer our hard earned money.

 

The reason the President spoke out last night is because Congress is getting push back from the American people 9 to 1 against the bailout.  Bush has called McCain & Obama in today to push this flawed plan.  Our Congress people are going to vote for this because all three of those men are going to support it and then our Congressmen & women are going to say leadership told me to support it verses doing what the American people are telling them to do.  Congress needs an alternative to push and the above plan will work if it is tried.

 

This solution is not a Democat or Repblican plan/idea.  This is an American plan/idea that is well beyond party politics.

 

John 6:54