Chime in Iowa, bailout or no bailout??

[4dsc]

I am firmly against this bailout as people who gamble need to take the losses with the winnings.. Any other Iowan's want to chime in?? I guess letters to congress are running 90-100 to 1 against the bailout yet our so called leaders aren't listening..

[rurallib]

1. damned if you do, damned if you don't. I think there is a third alternative

What makes me so effing mad is that yet again Bushco has maneuvered us into a crisis where both answers are bad. Why it became a crisis so close to the election so Johnny 72 could assume the role of savior is certainly questionable.
We have been given a menu with basically 2 options, one repugnant, one perhaps disastrous.
But, wait, is there yet more options that have not as yet seen the light of day? Why sure. Listening to Bernie Sanders on the Thom Hartmann show yesterday, Bernie out lined a plan that involved the government assuming the mortgages and renegotiating them with @$200B backing it from the Fed. Most mortgages will be made good. For those that fail we have a couple new taxes to refill the coffers - a .25% tansaction fee on stock trades (we are about the only country that does not have such a thing - we did at one time) and a 10% surcharge on individuals making over $500,000/year or a couple making over a million. The first would generate about $150b/YR. The latter I thought I heard @$650B.
trying to find a link - here is something:
http://www.boston.com/news/local/vermont/articles/2008/09/23/sanders_surtax_on_wealthy_draws_support/

[Hardrada]

2. This sounds like a good plan and would not reward financial terpitude.

[4dsc]

3. I just read about the Sanders plan too

Lets hope congress votes this bad bill down and adopt's something more pragmatic..