Some basic questions that need to be answered to solve the economic crisis

[debbierlus]

We need to have a discussion about the type of economic solutions that we want to create. The bank bailout proposal seems to be directed into reviving a failed system, rather then creating a new economic system. I am no economic expert, however, some common sense questions that come to mind:

Do we want to revive a system that has created such an enormous economic imbalance? By reviving the old system, won't we face the same economic problems in the future that have created the current crisis? In the current proposed bank bailout, where are the benefits to the tax payer who is asked to collectively assume debt? Why should the American people assume risk with no system of reward?

If we are giving the money to the banks for their survival, aren't we nationalzing them? Why should we give money without the benefit of control over how the money is to be spent/dispersed? If we took control over the banks, couldn't we mandate lower interest rates and force lending to qualified applicants?

Should derivatives be taxed (purchase transactions, such as stocks will be assessed a tax) to pay for some of the debt we will incur?

How do we value the assets of thousands of banks, if we haven't been able to ascertain the value of purchased assets (or even what assets are being purchased) with the bailouts that have already occurred? Aren't we setting ourselves up for another 'trash for cash' purchase?

Where is the discussion about wealth distribution? Where is the plan to ensure workers (the engine of the economy) are paid a living wage for their productivity and contribution?

Add your questions below & let's have a dialogue

[Vincardog]

1. There should be a 1/2 % tax on every stock or bond transfer. It would generate at least 500 B